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    • Lockheed Martin Board of Directors Elects Robert J. Stevens as Chairman of the Board
    PRNewswire-FirstCall
    BETHESDA, Md.

    The Lockheed Martin Corporation board of directors has elected Robert J. Stevens as Chairman of the Board, effective today.

    This action follows an announcement on Nov. 23, 2004 regarding Vance Coffman's intent to retire as Chairman of the Board after 37 years with the company, including seven years as CEO.

    Stevens assumes his new duties as Chairman of the Board, while retaining his position as President and CEO.

    Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2004 sales of $35.5 billion.

                  For additional information, visit our website:
                      http://www.lockheedmartin.com/

  Editor's Note:
  Robert Stevens' full biography -
  http://www.lockheedmartin.com/stevens

  Robert Stevens' high-res photo -
  http://www.lockheedmartin.com/data/assets/3410.jpg

    SOURCE: Lockheed Martin

    CONTACT: Tom Jurkowsky, +1-301-897-6352, thomas.jurkowsky@lmco.com, Jeff
    Adams, +1-301-897-6308, jeffery.adams@lmco.com, or Tom Greer,
    +1-301-897-6195, thomas.greer@lmco.com, all of Lockheed Martin

    Web site: http://www.lockheedmartin.com/

    Company News On-Call: http://www.prnewswire.com/comp/534163.html