Peter B. Teets served as Under Secretary of the Air Force and Director of the National Reconnaissance Office from December, 2001 thru March, 2005. As Under Secretary, Mr. Teets was responsible for all actions of the Air Force on behalf of the Secretary of the Air Force and was acting secretary in the secretary’s absence. In that capacity, he oversaw the recruiting, training and equipping of more than 710,000 people, and a budget of approximately $110 billion. As the Director of the National Reconnaissance Office, Mr. Teets was responsible for the acquisition and operation of all U.S. space-based reconnaissance and intelligence systems. Designated the Department of Defense Executive Agent for Space, Mr. Teets developed, coordinated and integrated plans and programs for space systems and the acquisition of all DOD space major defense acquisition programs.
Mr. Teets is the retired President and Chief Operating Officer of Lockheed Martin Corporation, a position he held from 1997 through 1999. He began his career with Martin Marietta, Denver, Colo., in 1963, as an engineer in flight control analysis. In 1970 he began managing the integration of a new inertia) guidance system for the Titan MIC launch vehicle. In 1975 he became Program Manager for the company’s Transtage Project and subsequently Director of Space Systems. In 1980 Mr. Teets became Vice President of Business Development for Martin Marietta Denver Aerospace; and in 1982, he joined its Strategic and Launch Systems Division as Vice President and General Managei Following two years in these positions, Mr. Teets became President of Martin Marietta Denver Aerospace, and in 1993, President of the company’s Space Group. After the Lockheed Martin merger in 1995 and until 1997, Mr. Teets served as President and Chief Operating Officer of the Information and Services Sector.