Robert J. Stevens will retire as Lockheed Martin’s CEO at the end of the year, handing the reins to President and Chief Operating Officer Christopher E. Kubasik as the company braces for steep cuts to U.S. defense budgets. Stevens, 60, has led the Pentagon’s largest contractor since 2004, overseeing its transition from a financial basket case to one of the aerospace industry’s top financial performers. But his tenure also has seen stinging criticism of Lockheed from the Defense ...


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