Marillyn Hewson Elected Chairman of the Board

Memorandum

DATE:             December 16, 2013

TO:                  All Lockheed Martin Employees

FROM:            Bob Stevens, Executive Chairman of the Board
                         Doug McCorkindale, Independent Lead Director of the Board

SUBJECT:       Marillyn Hewson Elected Chairman of the Board

On behalf of Lockheed Martin’s Board of Directors, we are pleased to announce that Marillyn Hewson has been elected Chairman of the Board in addition to her duties as President and Chief Executive Officer, effective January 1, 2014.

Over the past year—and throughout her 30 years with Lockheed Martin—Marillyn has demonstrated an extraordinary ability to lead in difficult times and turn a vision of success into reality. She has laid the groundwork for our future by taking decisive action to align our organization and operations with our business strategy and market environment. 

Marillyn is also an extremely effective and dedicated advocate for our industry, whether she’s delivering our message to Washington or on the world stage. Above all, she has a deep understanding and appreciation of our company and takes every opportunity to champion our people, our products, our capabilities, and the value we bring to every mission we undertake.

Marillyn is superbly qualified to lead Lockheed Martin through the challenging business environment we face today and into the future.

Please join us in congratulating Marillyn on her additional role as Chairman.