BETHESDA, MD, October 21st, 1998 -- Lockheed Martin Global Telecommunications today announced a business structure designed to offer customers space and terrestrial carrier services, global transmission services, wholesale capacity and end-to-end transport and applications solutions for telecommunications services, along with the management team that will lead these initiatives. Global Telecommunications was formed in August to concentrate and extend the Corporation's role in the expanding telecommunications services marketplace, and in September announced a proposed $2.7-billion strategic combination with COMSAT Corporation.

"Our objective is to be a leading provider of telecommunications services worldwide within five years -- a marketplace conservatively expected to grow in satellite-based services alone from some $50 billion today to $120 billion in the near future," said John Sponyoe, chief executive officer of Global Telecommunications. "Accordingly, we've designed an operational structure that will integrate seamlessly with COMSAT when that combination is completed, and installing a management team with world-class credentials."

Global Telecommunications will manage its business through four operating units -- Global Transport Services and Operations, Personal Communications Systems, Global Network Solutions, and Network Systems Development -- and existing joint ventures.

Claude Burgio has been appointed president of the Global Transport Services and Operations unit. Currently headquartered in Reston, Virginia, the business provides wholesale satellite transmission capacity to carriers, broadcasters and governments on a global basis via strategic joint ventures that capitalize on our space and terrestrial network services expertise. These ventures include Lockheed Martin Intersputnik, GE Americom and ACeS. Michael Williams will continue in his role as vice president, Personal Communications Systems. This unit, which will report through Global Transport Services and Operations, provides personal communication solutions to individual businesses and government organizations worldwide, and is responsible for Global Telecommunications' participation in ventures providing a broad range of personal communications services. The unit also will be based in Reston.

Celso Azevedo will continue to lead the Astrolink(TM) project as president and chief executive officer. Astrolink will be a constellation of satellites that will offer an integrated family of multimedia services, including high-speed data interconnectivity for Internet access and private corporate data networks. The system is planned to be operational in 2002. Astrolink is based in Bethesda, Maryland. Global Network Solutions business will be headed by Brien Morgan, vice president and general manager. Global Network Solutions' mission is to provide high-speed, managed business services tailored to meet worldwide requirements of the global business community, including private line, virtual private network, IP backbone and fast-packet data network services. Capabilities also include end-to-end provisioning and operation of wireline and wireless telecommunications networks. Global Network Solutions will be headquartered in Reston and also has a London office.

Stanton Sloane, as vice president and general manager, will head Network Systems Development, which designs, develops and implements telecommunications networks and systems for Global Telecommunications, as well as commercial and government customers worldwide. The unit's capabilities include large scale systems integration and project management for satellite and terrestrial systems, network operations and maintenance, telecommunications application software development and systems consulting. Network Systems Development's current operations include development laboratories in Valley Forge, Pennsylvania, and in Sunnyvale, California.

James "Buzz" Beitchman, based in London, will become president of Global Telecommunications' Regional Operations, while continuing to serve as president of Lockheed Martin Intersputnik. Regional Operations will provide support to the Global Transport Services and Operations and Global Network Solutions businesses.

"Through this streamlined, market-focused organization, we are positioning ourselves to begin offering single-source satellite network-based solutions and terrestrial networking technologies for corporate and government customers worldwide," said Sponyoe. Sponyoe also announced the members of the Global Telecommunications corporate staff. They are:

* Robert Amadio, vice president, finance; * Joan Kelly, vice president, human resources; * Roger Mancuso, chief technical officer; * Charles Manor, vice president, communications; * Gerald Musarra, vice president, government and regulatory affairs; * Stephen Piper, general counsel and vice president; * Jack Roepers, vice president, plans and analysis, and: * Karl Savatiel vice president, business development.