Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Lockheed Martin's Sim-Industries Appoints Jeffrey Wood As CEO

7/8/2013 11:00 AM ET

Sim-Industries, a Lockheed Martin (LMT: Quote) company, announced the appointment of Jeffrey Wood, 48, as chief executive officer. Wood will succeed founder Frank Uit den Bogaard, who has led the organization since 2004.

Wood has more than 26 years of experience in a variety of senior executive and leadership roles in the aerospace industry. Most recently, he served as senior vice president of StandardAero's Airlines and Fleets business. He also served as chief executive officer and president of Airfoil Technologies International.

In his new role, Uit den Bogaard will continue on with the Sim-Industries team, leading customer engagement and business development in the global simulator market.

Sim-Industries develops and manufactures full-motion and fixed-based civil aviation flight simulators for airline customers and independent pilot training centers worldwide. The company was acquired by Lockheed Martin in 2011 and is based in Sassenheim, the Netherlands.

Click here to receive FREE breaking news email alerts for Lockheed Martin Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.