Lockheed CEO: Company 'Will Not Miss a Beat'

Lockheed Martin CEO Bob Stevens revealed more details to reporters surrounding the ethics-related resignation of Christopher Kubasik, who had been the company's vice chairman, president and COO, The Washington Business Journal reports.

Kubasik resigned Friday after an investigation conducted by an outside firm found he had a "close personal relationship" with a subordinate employee. He was set to succeed Stevens as CEO of the Bethesda-based defense giant in January.

An employee who was not the person involved in the relationship came forward with the allegations in October, Stevens said, according to the Business Journal.

Stevens called the employee "quite courageous" and said Lockeed would "not miss a beat" strategically, operationally or financially following the resignation.

Read the full story at the Washington Business Journal.