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OMB Number: 3235-0104
Expires: September 30, 1998
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 3
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Lockheed Martin Corporation (See also Attachment A)
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(Last) (First) (Middle)
6801 Rockledge Drive
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(Street)
Bethesda Maryland 20817
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) January 31, 1997
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Orion Network Systems, Inc. -- ONSI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____Director __X__10% Owner
_____Officer (give title below) _____Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Securities Direct (D) or Beneficial
Beneficially Indirect (I) Ownership
Owned (Instr. 5) (Instr. 5)
(Instr. 4)
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Common Stock, 239,769 I By Lockheed Martin
$.01 par value Commercial Launch
per share Services, a
subsidiary of the
Reporting Person
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
TABLE II - Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
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1.Title of 2.Date 3.Title and 4.Conver- 5.Ownership 6.Nature of
Derivative Exercisable Amount of sion or Form of Indirect
Security and Securities Exercise Derivative Beneficial
(Instr. 4) Expiration Underlying Price of Security: Ownership
Date Derivative Derivative Direct (Instr. 5)
(MM/DD/YY) Security Security (D) or
(Instr. 4) Indirect
------ ------- ----- ------ (I)
Date Expir- Title Amount (Instr. 5)
Exer- ation or
cis- Date Number
able of
Shares
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Series C 6% Any N/A Common 1,128,571* $17,50*** I ****
Cumulative time Stock,
Redeemable $.01
Convertible par
Preferred value
Stock
Explanation of Responses:
* Subject to Adjustment. Excludes shares issuable in payment of accrued but
unpaid dividends on Series C 6% Cumulative Redeemable Convertible Preferred
Stock.
***Subject to adjustment.
****By Lockheed Martin Commercial Launch Services, Inc., a subsidiary of the
Reporting Person.
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
LOCKHEED MARTIN CORPORATION
By /s/ Raymond S. Colladay 2/10/97
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Raymond S. Colladay Date
Title: President-Astronautics
**Signature of Reporting Person
LOCKHEED MARTIN COMMERCIAL LAUNCH SERVICES, INC.
By /s/ Jeffrey D. MacLauchlan 2/10/97
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Jeffrey D. MacLauchlan Date
Title: Vice President and Asst. Treasurer
**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Attachment A
of
Form 3
Issuer Name (Item 4 of Form 3): Orion Network Systems, Inc.
Date of Event Requiring Statement (Item 2 of Form 3): January 31, 1997
Designated Filer (Item 1 of Form 3): Lockheed Martin Corporation
Additional Reporting Person: Lockheed Martin Commercial Launch Services, Inc.
12999 Deer Creek Canyon Road
Littleton, Colorado 80127
Form of Ownership of Additional Reporting Person (Item 3 of Table I and Item 5
of Table II): Direct