Dallas, TX, 29-JUN-05 --

Lockheed Martin [NYSE: LMT] today announced that Stan Arthur, president of Lockheed Martin Missiles and Fire Control in Orlando, is retiring effective June 30. Prior to joining Lockheed Martin in 1995, Arthur served in the U.S. Navy for 38 years of distinguished service, retiring as an Admiral in the position of Vice Chief of Naval Operations.

Ron Abbott, currently vice president - Tactical Missiles at Lockheed Martin Missiles and Fire Control in Dallas, will move to Orlando and become executive vice president - Mission Assurance, effective July 1. Abbott will be responsible for the day-to-day general management of the Orlando site, and will provide guidance across the enterprise in the role of Mission Assurance executive.

“Stan announced his intention to retire earlier this year,” said Jim Berry, president of Lockheed Martin Missiles and Fire Control. “He is an icon in the U.S. Navy, as well as a well grounded business manager, and we at Lockheed Martin have been extremely fortunate to have had a leader of his stature for nearly 10 years. While we will certainly miss Stan, I remain positive about our future with Ron Abbott moving us forward in his new position.”

Stan Arthur received his commission from Naval ROTC at Miami of Ohio University in 1957, after earning his bachelor’s degree in aeronautics. During his career, he served aboard the USS Bennington, and commanded the USS San Jose and the carrier the Coral Sea. During the Vietnam War, he flew more than 500 combat missions as an A-4 pilot, earning the Legion of Merit with combat ‘V’, 11 Distinguished Flying Crosses, four Air Medals for Individuals Action, 47 Strike/Flight Air Medals and a Navy Commendation Medal with combat ‘V’. During the Persian Gulf War, he commanded the U.S. 7th Fleet, directing the combat operations of more than 96,000 Marine and Navy personnel and more than 130 U.S. and allied warships.

Arthur later assumed duties as Vice Chief of Naval Operations, and retired from the Navy in 1995 after completing 38 years of service.

In 1996, Arthur joined Lockheed Martin as vice president for Washington Operations for the former Lockheed Martin Electronics Sector. That same year, he received the Admiral Arleigh A. Burke Leadership Award from the Navy League. In July 1999, he was named to the position of President of Lockheed Martin Missiles and Fire Control’s Orlando operations.

Ron Abbott joined Lockheed Martin in 1998 with over 26 years experience in engineering and program management with General Dynamics and Aerojet Corporations. During his career, he has had technical and management responsibilities with a variety of missile, precision munitions, and rocket programs as well as large scale weapon systems and platform development and production.

Abbott holds a bachelor’s degree in mechanical engineering from California State Polytechnic University, a master’s degree in engineering (Engineering Executive Program) from UCLA and a master’s degree in thermodynamics and heat transfer from California State University at Fullerton.