Lockheed Martin appoints Evan Scott CFO after Malave exit
Lockheed Martin has appointed company veteran Evan Scott as its new chief financial officer, following the departure of Jesus “Jay” Malave after just over three years in the role.
The announcement, made Thursday, is effective immediately. Lockheed said the leadership change is not related to any accounting issues or disagreements regarding company policies.
Scott, 48, has spent more than 25 years with the US defense contractor. He most recently served as CFO of the company’s missiles and fire control division and was appointed treasurer in June 2022.
Lockheed stated that his promotion reflects his broad experience across its business segments.
Malave, who joined Lockheed in February 2022 from L3Harris Technologies, oversaw the finance function during a period that included the company’s failed bid to acquire Aerojet Rocketdyne.
That deal was ultimately blocked and Aerojet was later acquired by L3Harris.
Lockheed reaffirmed its previously issued 2025 earnings guidance on Thursday, forecasting earnings per share between $27.00 and $27.30.
The company clarified that the forecast does not account for potential effects from recently announced US-China trade tariffs or the impact of the US government’s Next Generation Air Dominance (NGAD) programme.
Analyst consensus, according to data from LSEG, projects full-year earnings of $27.17 per share.
Scott will receive a base salary of $850,000 along with a target annual bonus equal to 125% of base pay, Lockheed disclosed.
Shares in the Bethesda-based defence contractor fell more than 5% in early trading Thursday, underperforming broader market indices. Lockheed is scheduled to report its Q1 earnings on 22 April.