Marillyn A. Hewson served as Chairman, President, and CEO of Lockheed Martin Corporation (NYSE: LMT), the world’s largest defense contractor, from January 2013 to June 2020. A 36-year Lockheed Martin veteran, Hewson steered the $65 billion company through a period of unprecedented growth, landing the historic $1.7 trillion F-35 Joint Strike Fighter program and growing the stock price by nearly 400% during her tenure. Named the #1 Most Powerful Woman in Business by Fortune in 2018 and 2019, and one of TIME’s 100 Most Influential People in 2019, Hewson remains one of the most celebrated defense industry leaders in American history.

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Marillyn Hewson – Quick Facts

Lockheed Martin Competitors

During Marillyn Hewson’s tenure, Lockheed Martin competed with the world’s largest defense and aerospace companies. The key competitors include:

• Boeing – Major defense and commercial aerospace rival
• Raytheon Technologies (now RTX Corporation) – Missiles, cybersecurity, defense systems
• Northrop Grumman – Stealth technology, space systems, cyber
• General Dynamics – Combat vehicles, shipbuilding, IT
• BAE Systems – UK-based global defense, security, and aerospace
• L3Harris Technologies – Communication and electronic systems
• Airbus Defence & Space – European aerospace and defense

Marillyn Hewson Net Worth 2026 – Lockheed Martin CEO Salary

As of 2026, Marillyn Hewson’s net worth is estimated at approximately $27–75 million USD, according to various financial tracking sources. She holds approximately 39,365 shares of Lockheed Martin stock (NYSE: LMT) worth over $25 million, along with approximately 4,261 shares of Chevron (~$785,000) and 3,000 shares of Johnson & Johnson (~$736,000) from her current board service.

Lockheed Martin CEO Compensation History

Early Life & Education

Marillyn Adams Hewson was born on December 27, 1953, in Junction City, Kansas. Her father, Warren Adams, died of a heart attack when she was just nine years old, leaving her mother, Mary Adams — a former member of the Women’s Army Corps (WAC) — to raise five children alone, ages 5 to 15, amid financial hardship. This early loss instilled in Hewson a deep resilience and work ethic that would define her career.

Hewson earned her Bachelor of Science in Business Administration and Master of Arts in Economics from the University of Alabama in Tuscaloosa, where she met her future husband, James R. Hewson. She later completed executive development programs at Columbia Business School and Harvard Business School.

Education

Career at Lockheed Martin

Marillyn Hewson joined Lockheed Martin (then Lockheed Corporation) in 1983 as an industrial engineer at the company’s Marietta, Georgia facility. Over 36 years, she moved through 19 different leadership positions across the company, relocating eight times with her family.

Marillyn Hewson Career Timeline

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CEO Role – Leadership & Achievements

As CEO from 2013 to 2020, Marillyn Hewson transformed Lockheed Martin into the world’s most valuable defense company. Under her leadership:

• Stock price surged ~400%, creating massive value for shareholders
• Secured the F-35 Joint Strike Fighter program, the largest weapons contract in history (~$1.7 trillion lifetime value)
• Grew annual revenue from approximately $46 billion to over $65 billion
• Expanded Lockheed’s space business, including winning the Orion spacecraft and GPS III satellite contracts
• Led the $9 billion acquisition of Sikorsky Aircraft from United Technologies (2015)
• Set new company records in sales, earnings, backlog, and cash generation

Awards & Recognitions

• Fortune #1 Most Powerful Woman in Business (2018, 2019)
• TIME 100 Most Influential People (2019)
• CEO of the Year – Chief Executive magazine (2018)
• Forbes Most Powerful Women in the World – ranked #20 (2015)
• Edison Achievement Award (2018) – for leadership and contributions to innovation
• Philip J. Klass Award for Lifetime Achievement – Aviation Week (2021)
• International Executive of the Year – Executives’ Club of Chicago (2020)
• National Academy of Engineering – Elected member (2025)
• Alabama Business Hall of Fame inductee

Personal Life – Husband, Family & More

Marillyn Hewson, age 72, is married to James R. Hewson. The couple met as students at the University of Alabama and have two sons, Will and David. As Marillyn rose through the ranks at Lockheed Martin, James became a stay-at-home dad, serving as a coach, scout leader, and taking their children on field trips while Marillyn traveled extensively for work. The family relocated eight times over 29 years to follow Marillyn’s career moves across the company.

The couple resides in McLean, Virginia. Hewson is deeply connected to her alma mater, serving on the University of Alabama’s President’s Cabinet and the Board of Visitors of the Culverhouse College of Business.

What Is Marillyn Hewson Doing Now? (2026)

Since retiring as Executive Chairman of Lockheed Martin in March 2021, Hewson has taken on prominent corporate board and leadership roles:

• Johnson & Johnson – Lead Independent Director; Chair of the Compensation & Benefits Committee; Member of the Audit Committee
• Chevron Corporation – Board of Directors (since January 2021)
• Catalyst – Chair of the Board of Directors
• National Academy of Engineering – Elected member (2025)
• Congressional Medal of Honor Foundation – Board member
• USO – Board of Governors
• Member of the Council on Foreign Relations, Trilateral Commission, and American Academy of Arts & Sciences

Marillyn Hewson Contact & Social Media

Marillyn Hewson retired from Lockheed Martin in March 2021 and does not maintain a public email address. She can be reached through her current board roles:

About Lockheed Martin

Lockheed Martin Corporation is an American global aerospace, defense, security, and advanced technologies company headquartered in Bethesda, Maryland. Founded in 1995 through the merger of Lockheed Corporation and Martin Marietta, it is the world’s largest defense contractor by revenue.

Lockheed Martin trades on the New York Stock Exchange under the ticker symbol LMT. The company employs approximately 122,000 people worldwide and generates annual revenue of approximately $71 billion (FY2024). It is currently led by Chairman, President & CEO James Taiclet.

Frequently Asked Questions (FAQ)

Who was the CEO of Lockheed Martin before Jim Taiclet?

Marillyn Hewson served as Chairman, President, and CEO of Lockheed Martin from January 2013 to June 2020, when she transitioned to Executive Chairman. She retired fully in March 2021. James Taiclet succeeded her as CEO in June 2020.

What is Marillyn Hewson’s net worth in 2026?

As of 2026, Marillyn Hewson’s net worth is estimated at approximately $27–75 million USD, based on her Lockheed Martin stock holdings (~39,365 shares worth over $25 million), Chevron and Johnson & Johnson board compensation and stock, and accumulated earnings over her 36-year career at Lockheed Martin.

What was Marillyn Hewson’s salary as Lockheed Martin CEO?

In her final full year as CEO (2019), Marillyn Hewson earned approximately $30.9 million in total compensation, a 43% increase from 2018. Her 2018 compensation was $21.5 million, and her 2017 total was $20.2 million. The majority of her pay came from stock awards and performance-based incentives rather than base salary.

What is Marillyn Hewson doing now?

Since retiring from Lockheed Martin in 2021, Marillyn Hewson serves as Lead Independent Director at Johnson & Johnson, sits on the Board of Directors at Chevron Corporation, and chairs the Catalyst Board of Directors. She was elected to the National Academy of Engineering in 2025.

How old is Marillyn Hewson?

Marillyn Hewson is 72 years old (as of March 2026). She was born on December 27, 1953, in Junction City, Kansas.

Is Marillyn Hewson married?

Yes, Marillyn Hewson is married to James R. Hewson. They met as students at the University of Alabama and have two sons, Will and David. James served as a stay-at-home dad during Marillyn’s career at Lockheed Martin. The couple lives in McLean, Virginia.

Article last updated:January 2026March 4, 2026