LM Electronic Systems reorganization

Lockheed Martin Corporation , effective on 31 Dec. 2012, will split the company’s Electronic Systems business segment into two business areas: Missiles and Fire Control (MFC) and Mission Systems and Training (MST) while Aeronautics, Space Systems, and Information Systems & Global Solutions will continue as before.

The reorganization will affect about 200 jobs and will permit the saving of about $50 million a year.
The MFC business area will have 16,000 employees and be headquartered in Dallas. Some of its high-profile programs will include the Terminal High Altitude Area Defense System, Joint Light Tactical Vehicle, PAC-3 Missiles, as well as logistics and other technical services.
The MST business area will have 19,000 employees and be headquartered in Washington. Some of its high-profile programs will include the Aegis Combat System, Littoral Combat Ship, MH-60 helicopter avionics, as well as military and commercial training systems from GTL including F-35 support.

Source: Lockheed Martin Electronic Systems