Lockheed Martin Corporation


Stanton D. Sloane Named President of Lockheed Martin's Management & Data Systems

Albert E. Smith, executive vice president, Lockheed Martin Space Systems Company, has named Stanton D. Sloane president of Management & Data Systems (M&DS). Sloane will replace Marcus C. Hansen, who is retiring next month after a stellar 34-year career.

As M&DS president, Sloane will be responsible for a $2.3 billion business with over 8,200 employees in five geographic regions. He will direct a broad array of information technology business areas with capabilities in system engineering and integration, software development, architectural definition, and large-scale information systems design.

"Stan has held a number of key program management, engineering and business development positions at GE Aerospace and Lockheed Martin. His multi-national experience and proven track record for business growth, strategic thinking and financial performance clearly demonstrate his ability to lead. He is ideally suited to assume the top position at M&DS," Smith said.

Sloane returned to M&DS as its executive vice president in February 2000. Previously he had been senior vice president, Network Systems Development, Lockheed Martin Global Telecommunications (LMGT) since 1998. Sloane had served as vice president, Communications Systems for M&DS, before joining LMGT.

An 18-year Lockheed Martin/GE Aerospace veteran, Sloane's previous assignments included vice president, Radar/Sensor Systems, Ocean Radar & Sensor Systems business in Syracuse, New York. He also held several leadership positions in the Business Development arena including overseas assignment in Greece, England, and Australia where he served as the first CEO of a Lockheed Martin in-country joint venture.

Sloane is a 10-year veteran of the U. S. Navy and Navy Reserve, where he served as an aeronautical maintenance officer. He holds BS and MA degrees from Barry University and Pepperdine University, respectively. He is currently participating in the Executive Doctor of Management Program at Case Western Reserve University and will graduate in May 2003.

Management & Data Systems (https://mds.external.lmco.com/), headquartered in King of Prussia, Pa., has been a leader in systems integration, systems engineering, software development and program management in support of vital national systems for more than 30 years. M&DS is a unit of Lockheed Martin Corporation with approximately 8,200 employees at facilities in Arizona, California, Colorado, Pennsylvania, Virginia and the Washington, D.C. metropolitan area.

Headquartered in Bethesda, Maryland, Lockheed Martin (http://www.lockheedmartin.com/) is a highly diversified global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The Corporation's core businesses span space and telecommunications, electronics, information and services, aeronautics, energy and systems integration.

SOURCE: Lockheed Martin Management & Data Systems

CONTACT: Jim Waddington, Lockheed Martin, +1-610-354-1477 or