Quantcast
Channel: RSS Business
Viewing all articles
Browse latest Browse all 14206

Women are increasingly ascending to top posts at aerospace firms

$
0
0

At a time when federal budget cuts are reshaping the nation’s aerospace industry, a far different makeover is under way in the executive suites of some of the country’s biggest defense contractors.

Lockheed Martin Corp., the world’s largest defense firm with operations in Akron, announced recently that electronics whiz Marillyn A. Hewson would become chief executive — the first woman to take on that role at the company.

The move came abruptly after the Bethesda, Md., company’s incoming chief executive, Christopher E. Kubasik, was forced out after an ethics investigation confirmed he had a “close personal relationship” with a subordinate employee.

It was an announcement that might have drawn much greater attention from the nation’s defense establishment in Washington if it hadn’t come the same day CIA Director David Petraeus suddenly resigned amid reports of an extramarital affair.

No aerospace firm so large — or influential — had ever been run by a woman. Hewson’s promotion followed the summer announcement that Phebe Novakovic would take over as chief executive at General Dynamics, the nation’s fifth-largest defense firm, in Fairfax, Va.

Both take over the top posts Jan. 1, as female engineers, scientists and managers who joined the industry during the Cold War are rising to prominence in a staid industry long dominated by men. Although women have climbed to the top of other industries for decades, aerospace has gone without women at the top until recent years.

“The ascension of women like Marillyn Hewson and Phebe Novakovic to the top of the corporate ladder suggests that while the glass ceiling in aerospace and defense may not have been entirely shattered, it’s certainly become more transparent,” said Marion Blakey, chief executive of the Aerospace Industries Association trade group.

Come Jan. 1, there will be a record 21 women who serve as chief executives of firms on the Fortune 500 list of the nation’s largest public companies, including Hewson and Novakovic.

Deborah Soon, senior vice president of strategy at Catalyst, a nonprofit organization that tracks the progress of women in the business world, said there is still a long way from parity. “We look forward to the day when a women leading an aerospace company is no longer news,” she said.

Other women in the industry are rocketing to the top as well. By next year, six women will sit on aerospace giant Northrop Grumman Corp.’s 14-member senior management team. This month, Boeing Co. shook up its executive ranks and named seven people to leadership roles — five of whom were women.

It’s a big shift from the club culture that once pervaded the aerospace business after World War II, said industry pioneer Simon Ramo, now 99. “At the time, for all practical purposes, prejudice against women was supreme,” said Ramo, co-founder of former aerospace giant TRW Inc., now part of Northrop. “Things have definitely changed.”

A main reason for the male predominance and evolving shift, experts say, is that most aerospace leaders have risen through the science and engineering ranks, which has been populated mostly by men. According to the National Science Foundation’s most recent data, women make up about 27 percent of the 4.9 million people working in science and engineering. In 1993, women made up 22 percent of the 3.2 million people in those fields.

Industry experts do not expect a dramatic change in the way the companies are run. The changes come at a time when U.S. military spending — which grew at double-digit percentage rates after the Sept. 11, 2001, terrorist attacks — is expected to decline $487 billion in the next decade.

“Although the demographics are shifting, the basic behavior of the industry will largely remain the same,” said Loren Thompson, a defense policy analyst with the Lexington Institute. “The metrics by which the modern defense industry is judged are sales numbers. That’s not going to change whether the chief executive is a man or a woman.”

The promotions of these new top executives have been greeted with enthusiasm and a bit of curiosity. But no group seems more pleased than other women executives who now see one of their own running the place.

“I do believe women’s roles have shifted significantly in the more than three decades that I have been in aerospace,” said Lillian Ryals, vice president of the Mitre Corp., a nonprofit government contractor. “It is not just our numbers that have grown, but also our reach and influence across the sector, from the civil aerospace industry to our ranks on the military side, from aviation to space.”

Lockheed’s Hewson built her reputation in a variety of business sectors. In her most recent assignment, she made the company’s sprawling electronic systems business the most profitable unit for Lockheed, better known for building fighter jets, Navy warships and spy satellites.

Hewson, 58, grew up in a home that had strong ties to the military. Her parents met at Fort Riley, Kan., both supporting World War II efforts.

She earned her bachelor’s degree in business administration and a master’s in economics from the University of Alabama.

“When I walked into Lockheed’s Marietta facility in 1983, saw all those airplanes on the production line, I was hooked,” she said of the company’s Georgia plant.

Soon, Hewson will take charge of a company that employs 120,000 people worldwide, about 25 percent of which are women. The company posted net sales of $46.5 billion in 2011.

“Regardless of gender, each of us brings our unique perspective and collection of experiences to our roles and contributes to the success of the organization,” she said.


Viewing all articles
Browse latest Browse all 14206

Trending Articles