BETHESDA, MD, January 23rd, 1998 -- Lockheed Martin (NYSE: LMT) today announced that Robert J. Stevens has been elected president and chief operating officer of the Corporation's Energy & Environment Sector, succeeding Dr. Albert Narath, who has announced he will retire later this year. Stevens, 46, most recently served as president of Lockheed Martin Air Traffic Management, which designs, develops, deploys and maintains advanced air traffic control systems internationally. Narath, 64, will assume responsibilities as a special advisor to the Lockheed Martin executive office until his retirement.In addition, the Corporation announced that the Energy & Environment Sector headquarters will be relocated from Albuquerque, New Mexico, to corporate headquarters in Bethesda where Lockheed Martin's four other major business sectors are located.

Prior to joining Air Traffic Management in 1993, Stevens was general manager of Loral Systems Manufacturing Company, having been promoted from vice president and chief financial officer, a position held since 1988. Previously, Stevens served in a variety of progressively more responsible management positions in program management, finance, manufacturing and operations in the aerospace and related industries.Born in McKeesport, Pennsylvania, Stevens is a summa cum laude graduate of Slippery Rock University. He earned a master's degree in engineering from the Polytechnic University of New York and a master's degree in business from Columbia University."Bob Stevens brings excellent leadership skills and a superior track record in successfully managing complex and challenging assignments to his new position," said Peter B. Teets, Lockheed Martin president and chief operating officer. "His appointment to lead the organization, coupled with the relocation of the sector headquarters to the Washington area, signifies our commitment to strengthening coordination with the Energy & Environment Sector's biggest customer -- the U.S. Department of Energy, which also is headquartered in Washington."

Narath had served as president and chief operating officer of the Energy & Environment Sector since its inception in 1995. He previously was president of Sandia Corporation and director of Sandia National Laboratories, which Lockheed Martin manages for the Department of Energy. Narath first joined Sandia in 1959 as a member of the laboratories' technical staff.Employing approximately 35,000 people, the Energy & Environment Sector manages and operates contracts for the Department of Energy, including Sandia National Laboratories, Oak Ridge National Laboratory and Idaho National Engineering and Environmental Laboratory. Equivalent sales for the Sector during the past year were $4.7 billion.