Richard Schwartz graduated in engineering from The Cooper Union for the Advancement of Science and Art in New York and has an MBA from Pepperdine University. He joined Rockwell in 1957 and led many of its most successful space and satellite programs, including the first flights of GPS and the NASA Space Shuttle. He was Rockwell’s GPS Satellite Program Manager and commissioned his chief engineer, Hugo FrueHauf, to work with Efratom engineers to produce a satellite design that could withstand intense radiation. It also had antennas that ensured uniform power.

He became President of the Rocketdyne Division of Rockwell International in 1983 and was also President of Hercules Aerospace and Executive Vice President of the Hercules Corporation (1990 onwards).  He was Chief Executive Officer and later Chairman of ATK (1995-2000), which builds precision weaponry for the US Government, and has been a Director of Frequency Electronics since 2004.