Business and Industry

Lockheed Martin Dumps New CEO over Affair with Subordinate

It's a day for awkward sexual declarations

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BETHESDA, Md. (AP)—Lockheed Martin Corp. has ousted its president and future CEO over a relationship with a subordinate.

The defense company said Friday that its board of directors asked for and received the resignation of Christopher Kubasik from his role as vice chairman, president and chief operating officer. The 51-year old had been scheduled to become CEO in January.