BETHESDA, Md., Aug. 5 /PRNewswire-FirstCall/ -- The Lockheed Martin (NYSE: LMT) board of directors elected Christopher E. Kubasik as Executive Vice President and Chief Financial Officer (CFO), effective today.

"Chris has provided strong and insightful leadership to the Corporation's financial activities," said Lockheed Martin President and Chief Executive Officer, Robert J. Stevens. "His business acumen and solid financial background have contributed greatly to Lockheed Martin's success."

Kubasik joined Lockheed Martin in 1999 as controller. Previously, he held various positions with Ernst & Young, LLP, and was named Partner in 1996. He graduated with honors from the University of Maryland's School of Business in 1983 and attended Northwestern University's Kellogg School of Business Executive Program in 1997.

Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2003 sales of $31.8 billion.

    Editor's Note:

    Christopher E. Kubasik full biography --
     http://www.lockheedmartin.com/kubasik

    Christopher E. Kubasik high-res photo --
     http://www.lockheedmartin.com/data/assets/3871.jpg


    For additional information, visit the website:
     http://www.lockheedmartin.com

SOURCE  Lockheed Martin
    -0-                             08/05/2004
    /CONTACT:  Tom Jurkowsky, +1-301-897-6352, thomas.jurkowsky@lmco.com, Jeff
Adams, +1-301-897-6308, jeffery.adams@lmco.com, or Tom Greer, +1-301-897-6195,
thomas.greer@lmco.com, all of Lockheed Martin/
    /Company News On-Call:  http://www.prnewswire.com/comp/534163.html/
    /Web site:  http://www.lockheedmartin.com/
    (LMT)

CO:  Lockheed Martin
ST:  Maryland
IN:  ARO
SU:  PER

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5914 08/05/2004 15:00 EDT http://www.prnewswire.com