Lockheed Martin today announced that Vice President and Controller Martin T. Stanislav has been named Vice President, Finance & Business Operations for the Corporation's Information Systems & Global Services (IS&GS) Business Area effective immediately.

Stanislav will succeed Jeffrey D. MacLauchlan. MacLauchlan has been appointed as Vice President, Mergers & Acquisitions (M&A) for the Corporation.

As the Corporation looks to fill the vacant Corporate Controller position, Mark R. Bostic, Vice President, Accounting, will serve as Acting Controller.

"Marty's extensive background in finance and accounting, including experience as Controller for our Aeronautics business area and Vice President, Financial Services, for our Shared Services organization, allows him to bring formidable skills in financial management and reporting that will benefit IS&GS," said Bruce Tanner, Lockheed Martin Executive Vice President and Chief Financial Officer. "Jeff's experience as Chief Financial Officer for IS&GS and President of our former Global Telecommunications unit, combined with his previous roles on the Corporate Finance staff, will enhance our M&A team."

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

For additional information, visit our Web site:

http://www.lockheedmartin.com/

First Call Analyst: Randa Middleton
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SOURCE: Lockheed Martin