Bethesda, MD, 10/12/2007 -- Lockheed Martin Corporation (NYSE: LMT) today announced that James D. McArthur, Jr. will succeed Richard C. Buck Marr as vice president of Lockheed Martin's Center for Innovation, effective October 15, 2007.

Reporting directly to Sr. Vice President and Chief Technology Officer, Dr. Ray O. Johnson, McArthur, 57, will be responsible for all business operations and experimentation activities at the Center for Innovation, which opened in 2005 as a world-class laboratory for collaborative experimentation and analysis between Lockheed Martin, its partners and customers.

Jim's experience in integrating diverse organizations combined with his extensive network domain expertise will significantly contribute to our ability to develop the solutions needed by our customers to better address the varied threats to our national security in the 21^st Century, said Johnson.

McArthur comes to Lockheed Martin following a distinguished 35-year career in the U.S. Navy where he achieved the rank of Vice Admiral, and most recently served as Commander, Naval Network Warfare Command. His extensive experience as a senior information operations director included responsibility for fielding, managing, securing, and defending the U.S. Navy's operational and business networks, and implementing advanced information operations and technology concepts. He enjoyed a wide-ranging military career, including assignment as Commander, Carrier Group Two, and service in a joint capacity as the Director of Operations for U.S. Space Command and the new U.S. Strategic Command with an expanded mission set. He flew carrier-based aircraft for 20 years, making 10 extended deployments.

McArthur graduated from the U.S. Naval Academy in 1972 with a B.S. in Analytical Management.

Of the transitioning vice president Buck Marr, Johnson said: Buck deserves great credit for his leadership at a critical juncture from the 2003 groundbreaking of the Center for Innovation to present day. He helped drive collaboration through the establishment of common processes and tools to demonstrate net-centric capabilities and world-class simulations that have led to the early establishment of the Center for Innovation as a gold-standard among net-centric industry laboratory environments.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 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 2006 sales of $39.6 billion.