Lockheed Martin said the Aeronautics business generates approximately $30 billion in annual revenue and employs more than 35,000 people. Ulmer began his career with the company as a flight test engineer and later worked across several of Lockheed Martin’s major aircraft programs before assuming senior leadership positions.
The company said Ulmer played key roles in advancing the Aeronautics portfolio during his tenure. Following his retirement, he will remain with the company as a strategic advisor to support the leadership transition.
Sanchez joined Lockheed Martin in 2014 after serving as a U.S. Air Force officer and F-22 fighter pilot. Most recently, he led Skunk Works, Lockheed Martin’s advanced development organization responsible for several major U.S. military aviation programs.
“We are all thankful to Greg and what he has done throughout his career for our customers, nation and allies to strengthen global security through air power,” said Jim Taiclet, chairman, president and chief executive officer of Lockheed Martin.
“OJ has demonstrated steadfast leadership and a passion for performance and the mission — we look forward to his continued impact as he leads Aeronautics into its next chapter,” Taiclet added.
“It has been the honor of a lifetime to serve alongside the talented men and women of Lockheed Martin Aeronautics,” Ulmer said. “I am proud of all we have accomplished together in support of our customers and their critical missions, and I am deeply grateful for the opportunity to have been part of this remarkable team.”
Sanchez said he was honored to assume leadership of the division. “I am honored to step into the role of president of Lockheed Martin Aeronautics and grateful for the trust placed in me,” he said.
“Aeronautics has an extraordinary legacy, a critical mission and some of the best talent in the industry, and I look forward to building on that strong foundation as we continue to deliver results that matter for our customers and our company,” Sanchez added.
