English: Peter B. Teets is Undersecretary of the Air Force, Washington D.C. Within the Air Force, Mr. Teets is responsible for all actions of the Air Force on behalf of the Secretary of the Air Force and is acting secretary in the secretary's absence. In that capacity, he oversees the recruiting, training and equipping of more than 710,000 people, and a budget of approximately $68 billion. Designated the Department of Defense Executive Agent for Space, Mr. Teets develops, coordinates and integrates plans and programs for space systems and the acquisition of all DOD space major defense acquisition programs. Also the Director of the National Reconnaissance Office, Mr. Teets is responsible for the acquisition and operation of all U.S. space-based reconnaissance and intelligence systems. This includes managing the National Reconnaissance Program where he reports directly to the Secretary of Defense and the Director of Central Intelligence.

Mr. Teets is the retired President and Chief Operating Officer of Lockheed Martin Corp., 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 inertial guidance system to the Titan IIIC launch vehicle until 1975, when he became Program Manager for the company's Transtage Project and Director of Space Systems. Five years later, 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 Manager. 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.