Lockheed Martin announced this morning that OJ Sanchez has been named to succeed Greg Ulmer as president of the company's Aeronautics business unit.

Sanchez, who will officially take the post on June 1, most recently led Lockheed's Skunk Works innovation unit, and was also previously an Air Force officer and F-22 pilot.

Ulmer, who worked for Lockheed for more than 30 years, will serve as a strategic adviser "to support a smooth transition" before he retires, the company said.