As filed with the Securities and Exchange Commission on March 15, 1995.
                                                       Registration No. 33-_____
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                              --------------------

                       REGISTRATION STATEMENT ON FORM S-8
                                     UNDER
                           THE SECURITIES ACT OF 1933

                              --------------------

                          LOCKHEED MARTIN CORPORATION
             (Exact name of registrant as specified in its charter)


          Maryland                                        52-1893632
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)


                              6801 Rockledge Drive
                            Bethesda, Maryland 20817
                    (Address of principal executive offices)

                              --------------------

                          Lockheed Martin Corporation
                         Directors Deferred Stock Plan
                            (Full title of the plan)

                              --------------------

                           Stephen M. Piper, Esquire
                           Assistant General Counsel
                          Lockheed Martin Corporation
                              6801 Rockledge Drive
                            Bethesda, Maryland 20817
                                 (301) 897-6000
 (Name, address, including zip code, and telephone number, including area code,
                             of agent for service)

                              --------------------

                        CALCULATION OF REGISTRATION FEE
- -------------------------------------------------------------------------------------------------- Proposed Proposed maximum maximum Title of securities Amount to be offering price aggregate Amount of to be registered registered per share(*) offering price(*) registration fee(*) - -------------------------------------------------------------------------------------------------- Common Stock, par value $1.00 per share... 50,000 $26.52 $1,326,000 $457.25
- -------------------------------------------------------------------------------- (*) At the time of the filing of this Registration Statement on Form S-8, there is no market for the Registrant's securities to be offered. Accordingly, the fee has been computed, pursuant to Rule 457(h)(1) and guidance provided by the Office of Chief Counsel, based on the book value of the securities to be offered as of December 31, 1994. - -------------------------------------------------------------------------------- PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT Item 3. Incorporation of Documents by Reference. --------------------------------------- The following documents filed by the Registrant, Martin Marietta Corporation or Lockheed Corporation with the Securities and Exchange Commission (the "Commission") are incorporated herein by reference and made a part hereof: (a) The Registrant's Joint Proxy Statement/Prospectus filed pursuant to Registration Statement No. 33-57645 on Form S-4 filed with the Commission on February 9, 1995; (b) The description of the Registrant's Common Stock contained in the Registrant's Registration Statement on Form 8-B filed with the Commission pursuant to Section 12 of the Securities Exchange Act of 1934 (the "Exchange Act") (as amended on Form 8-B/A filed on March 9, 1995), and any amendment or report filed for the purpose of updating such description; (c) Martin Marietta Corporation's Current Report on Form 8-K filed with the Commission on February 13, 1995; (d) Martin Marietta Corporation's Current Report on Form 8-K filed with the Commission on February 17, 1995; (e) Lockheed Corporation's Current Report on Form 8-K filed with the Commission on February 21, 1995; and (f) The Registrant's Current Report on Form 8-K filed with the Commission on March 15, 1995. All documents subsequently filed by the Registrant, Martin Marietta Corporation or Lockheed Corporation pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such documents. Item 4. Description of Securities. ------------------------- Not Applicable -1- Item 5. Interests of Named Experts and Counsel. -------------------------------------- The Opinion of Counsel as to the legality of the securities being issued (constituting Exhibit 5) has been rendered by counsel who is a full-time employee of the Registrant. Counsel rendering such opinion is not eligible to participate in the Plan. Item 6. Indemnification of Directors and Officers. ----------------------------------------- The Maryland General Corporation Law authorizes Maryland corporations to limit the liability of directors and officers to the corporation or its stockholders for money damages, except (a) to the extent that it is proved that the person actually received an improper benefit or profit in money, property or services, for the amount of the benefit or profit in money, property or services actually received, (b) to the extent that a judgment or other final adjudication adverse to the person is entered in a proceeding based on a finding that the person's action or failure to act was the result of active and deliberate dishonesty and was material to the cause of action adjudicated in the proceeding or (c) in respect of certain other actions not applicable to the Registrant. Under the Maryland General Corporation Law, unless limited by charter, indemnification is mandatory if a director or an officer has been successful on the merits or otherwise in the defense of any proceeding by reason of his or her service as a director unless such indemnification is not otherwise permitted as described in the following sentence. Indemnification is permissive unless it is established that (a) the act or omission of the director was material to the matter giving rise to the proceeding and was committed in bad faith or was the result of active and deliberate dishonesty, (b) the director actually received an improper personal benefit in money, property or services or (c) in the case of any criminal proceeding, the director had reasonable cause to believe his or her act or omission was unlawful. In addition to the foregoing, a court of appropriate jurisdiction may under certain circumstances order indemnification if it determines that the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not the director or officer has met the standards of conduct set forth in the preceding sentence or has been adjudged liable on the basis that a personal benefit was improperly received in a proceeding charging improper personal benefit to the director or officer. If the proceeding was an action by or in the right of the corporation or involved a determination that the director or officer received an improper personal benefit, however, no indemnification may be made if the individual is adjudged liable to the corporation, except to the extent of expenses approved by a court of competent jurisdiction. Article XI of the charter of the Registrant limits the liability of directors and officers to the fullest extent permitted by the Maryland General Corporation Law. Article XI of the charter -2- of the Registrant also authorizes the Registrant to adopt by-laws or resolutions to provide for the indemnification of directors and officers. Article VI of the By-laws of the Registrant provides for the indemnification of the Registrant's directors and officers to the fullest extent permitted by the Maryland General Corporation Law. In addition, the Registrant's directors and officers are covered by certain insurance policies maintained by the Registrant. Item 7. Exemption from Registration Claimed. ----------------------------------- Not Applicable Item 8. Exhibits. -------- 4. Lockheed Martin Corporation Directors Deferred Stock Plan (included as an exhibit to Registration Statement on Form S-4, No. 33-57645 and incorporated herein by reference). 5. Opinion of Stephen M. Piper, Esquire 23-A. Consent of Ernst & Young LLP (Washington, D.C.). 23-B. Consent of Ernst & Young LLP (Los Angeles, CA). 23-C. Consent of KPMG Peat Marwick LLP. 23-D. Consent of Arthur Andersen LLP. 23-E. Consent of Stephen M. Piper, Esquire (contained in Exhibit 5 hereof). 25. Powers of Attorney. Item 9. Undertakings. ------------ (a) The undersigned Registrant hereby undertakes: (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: (i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post- effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; -3- (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; Provided, however, that subparagraphs (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement. (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. -4- SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the County of Montgomery, State of Maryland on the date indicated below. LOCKHEED MARTIN CORPORATION Date: March 15, 1995 By: /s/ Frank H. Menaker, Jr. --------------------- Frank H. Menaker, Jr. Vice President and General Counsel Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Signature Title Date --------- ----- ---- /s/ Daniel M. Tellep Chairman of the March 15, 1995 ---------------- Board and Chief Daniel M. Tellep* Executive Officer and Director /s/ Marcus C. Bennett Senior Vice March 15, 1995 ----------------- President, Chief Marcus C. Bennett* Financial Officer and Director /s/ Robert E. Rulon Controller and Chief March 15, 1995 --------------- Accounting Robert E. Rulon* Officer /s/ Norman R. Augustine Director March 15, 1995 ------------------- Norman R. Augustine* /s/ Lynne V. Cheney Director March 15, 1995 --------------- Lynne V. Cheney*
Signature Title Date --------- ----- ---- /s/ Edwin I. Colodny Director March 15, 1995 ---------------- Edwin I. Colodny* /s/ Lodwrick M. Cook Director March 15, 1995 ---------------- Lodwrick M. Cook* /s/ James L. Everett, III Director March 15, 1995 --------------------- James L. Everett, III* /s/ Houston I. Flournoy Director March 15, 1995 ------------------- Houston I. Flournoy* /s/ James F. Gibbons Director March 15, 1995 ---------------- James F. Gibbons* /s/ Edward E. Hood, Jr. Director March 15, 1995 ------------------- Edward E. Hood, Jr.* /s/ Caleb B. Hurtt Director March 15, 1995 -------------- Caleb B. Hurtt* /s/ Gwendolyn S. King Director March 15, 1995 ----------------- Gwendolyn S. King* /s/ Lawrence O. Kitchen Director March 15, 1995 ------------------- Lawrence O. Kitchen* /s/ Gordon S. Macklin Director March 15, 1995 ----------------- Gordon S. Macklin* /s/ Vincent N. Marafino Director March 15, 1995 ------------------- Vincent N. Marafino* /s/ Eugene F. Murphy Director March 15, 1995 ---------------- Eugene F. Murphy* /s/ Allen E. Murray Director March 15, 1995 --------------- Allen E. Murray* /s/ Frank Savage Director March 15, 1995 ------------ Frank Savage* /s/ Carlisle A.H. Trost Director March 15, 1995 ------------------- Carlisle A.H. Trost*
Signature Title Date --------- ----- ---- /s/ James R. Ukropina Director March 15, 1995 ----------------- James R. Ukropina*
*By: /s/ Stephen M. Piper March 15, 1995 ---------------- (Stephen M. Piper, Attorney-in-fact**) - --------------------- **By authority of Powers of Attorney filed with this Registration Statement on Form S-8. EXHIBIT INDEX
Exhibit Page Number Description No. ------ ----------- ---- 4. Lockheed Martin Corporation Directors Deferred Stock Plan (included as an exhibit to Registration Statement on Form S-4, No. 33-57645 and incorporated herein by reference). 5. Opinion of Stephen M. Piper, Esquire 23-A. Consent of Ernst & Young LLP (Washington, D.C.). 23-B. Consent of Ernst & Young LLP (Los Angeles, CA). 23-C. Consent of KPMG Peat Marwick LLP. 23-D. Consent of Arthur Andersen LLP. 23-E. Consent of Stephen M. Piper, Esquire (contained in Exhibit 5 hereof). 25. Powers of Attorney.



                                                                       EXHIBIT 5
 
           [LETTERHEAD OF LOCKHEED MARTIN CORPORATION APPEARS HERE]



                                March 15, 1995


Lockheed Martin Corporation
6801 Rockledge Drive
Bethesda, Maryland 20817

          Re:  Lockheed Martin Corporation Directors Deferred
               Stock Plan (the "Plan")

Ladies and Gentlemen:

      I submit this opinion to you in connection with the filing with the 
Securities and Exchange Commission of a registration statement on Form S-8 (the 
"Registration Statement") on the date hereof. The Registration Statement 
registers shares of common stock ("Common Stock") of Lockheed Martin Corporation
(the "Corporation") for use in connection with the Plan. The Plan contemplates 
that Common Stock may be treasury or authorized but unissued shares or may be 
acquired in the open market. As Assistant General Counsel of the Corporation, I 
have examined such corporate records, certificates and other documents and have 
reviewed such questions of law as I deemed necessary or appropriate for the 
purpose of this opinion.

      Based upon that examination and review, I advise you that in my opinion:

      (i)  the Corporation has been duly incorporated and is validly existing 
           under the laws of the State of Maryland; and

      (ii) to the extent that the operation of the Plan results in the issuance
           of Common Stock, such shares of Common Stock have been duly and
           validly authorized and, when issued in accordance with the terms set
           forth in the Registration Statement, will be legally issued, fully
           paid and nonassessable.

      I hereby consent to the filing of this opinion as an exhibit to the 
Registration Statement and to the reference to my opinion in the Registration 
Statement.

                                           Very truly yours,

                                           /s/ Stephen M. Piper

                                           Stephen M. Piper
                                           Assistant General Counsel
                                           Lockheed Martin Corporation


 
                                                                    EXHIBIT 23-A

              CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


          We consent to the incorporation by reference in Lockheed Martin
Corporation's Registration Statement (Form S-8) pertaining to the Lockheed
Martin Corporation Directors Deferred Stock Plan of: (a) our report dated
January 20, 1995, with respect to the consolidated financial statements of
Martin Marietta Corporation and subsidiaries for the year ended December 31,
1994, included in its Current Report (Form 8-K), dated February 17, 1995, and
(b) our report dated November 1, 1994, with respect to the consolidated balance
sheet of Lockheed Martin Corporation as of October 31, 1994, included in its
Registration Statement (Form S-4 No. 33-57645), dated February 9, 1995, both
filed with the Securities and Exchange Commission.


                                                 ERNST & YOUNG LLP


Washington, D.C.
March 13, 1995


 
                                                                    EXHIBIT 23-B


              CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

     We consent to the incorporation by reference in Lockheed Martin
Corporation's Registration Statement (Form S-8) pertaining to the Lockheed
Martin Corporation Directors Deferred Stock Plan of our report dated January 31,
1995, with respect to the consolidated financial statements of Lockheed
Corporation for the year ended December 25, 1994, included in its Current Report
(Form 8-K), dated February 21, 1995, filed with the Securities and Exchange
Commission.

                                                               ERNST & YOUNG LLP

Los Angeles, California
March 13, 1995


 
                                                                   EXHIBIT 23-C

             CONSENT OF KPMG PEAT MARWICK LLP INDEPENDENT AUDITORS


The Board of Directors
General Electric Company:
The Board of Directors
Martin Marietta Corporation:

       We consent to the incorporation by reference in this Registration 
Statement on Form S-8 of Lockheed Martin Corporation of our report, dated 
February 3, 1993, relating to the consolidated financial statements of GE 
Aerospace Businesses as of December 31, 1992 and 1991 and for each of the years 
in the two-year period ended December 31, 1992, which report is incorporated by 
reference in the December 31, 1993 annual report on Form 10-K of Martin Marietta
Corporation, which is incorporated herein by reference.


Harrisburg, Pennsylvania
March 13, 1995



 

                                                                    EXHIBIT 23-D
 
                        CONSENT OF ARTHUR ANDERSEN LLP
                        INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by 
reference in this registration statement on Form S-8 of our report dated January
20, 1994 on our audits of the combined financial statements of the General 
Dynamics Space Systems Group as of December 31, 1993 and 1992 and for each of 
the three years in the period ended December 31, 1993 included in the Martin 
Marietta Corporation's Form 8-K dated May 13, 1994, which is incorporated by 
reference into the Lockheed Martin Corporation registration statement on Form 
S-4 dated February 9, 1995.


                                                 ARTHUR ANDERSEN LLP


San Diego, California
March 13, 1995


 
                                                                      EXHIBIT 25

                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


       /s/ Daniel M. Tellep                                March 6, 1995
- ------------------------------------
           Daniel M. Tellep
Chief Executive Officer and Director

 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Marcus C. Bennett                                       March 9, 1995
- -------------------------------------------
Marcus C. Bennett
Title: Chief Financial Officer and Director

 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


       /s/ Robert E. Rulon                                 March 6, 1995
- ------------------------------------
           Robert E. Rulon 
    Vice President and Controller
     (Chief Accounting Officer)

 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Norman R. Augustine                                    March 8, 1995
- ------------------------------------
Norman R. Augustine
Title: Director                          


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Lynne V. Cheney                                        March 6, 1995
- ------------------------------------
Lynne V. Cheney              
Director                                


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Edwin I. Colodny                                       March 10, 1995
- ------------------------------------
Edwin I. Colodny              
Title: Director                          


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Lodwrick M. Cook                                       March 6, 1995
- ------------------------------------
Lodwrick M. Cook            
Director                              


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ James L. Everett, III                                  March 10, 1995
- ------------------------------------
James L. Everett, III        
Title: Director                        


 
 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Houston I. Flournoy                                    March 6, 1995
- ------------------------------------
Houston I. Flournoy         
Director                                 


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ James F. Gibbons                                       March 6, 1995
- ------------------------------------
James F. Gibbons              
Director                               


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Edward E. Hood, Jr.                                    March 10, 1995
- ------------------------------------
Edward E. Hood, Jr.          
Title: Director                        


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Caleb B. Hurtt                                         March 9, 1995
- ------------------------------------
Caleb B. Hurtt               
Title: Director                         


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Gwendolyn S. King                                      March 10, 1995
- ------------------------------------
Gwendolyn S. King             
Title: Director                       


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Lawrence O. Kitchen                                    March 6, 1995
- ------------------------------------
Lawrence O. Kitchen        
Director                              


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Gordon S. Macklin                                      March 9, 1995
- ------------------------------------
Gordon S. Macklin           
Title: Director                          


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Vincent N. Marafino                                    March 6, 1995
- ------------------------------------
Vincent N. Marafino         
Director                            


 
 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Eugene F. Murphy                                       March 13, 1995
- ------------------------------------
Eugene F. Murphy             
Title: Director                        


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Allen E. Murray                                        March 9, 1995
- ------------------------------------
Allen E. Murray               
Title: Director                         


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Frank Savage                                           March 6, 1995
- ------------------------------------
Frank Savage                 
Director                                   


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ Carlisle A. H. Trost                                   March 6, 1995
- ------------------------------------
Carlisle A. H. Trost       
Director                              


 
                               POWER OF ATTORNEY

                          LOCKHEED MARTIN CORPORATION


          The undersigned hereby constitutes and appoints Frank H. Menaker, Jr.,
William T. Vinson, Stephen M. Piper and Suzanna Fabos, and each of them, jointly
and severally, his or her lawful attorney-in-fact and agent, with full power of 
substitution and resubstitution, for him or her and in his or her name, place 
and stead, in any and all capacities, including, but not limited to, that listed
below, to execute and file, or cause to be filed, with exhibits thereto and 
other documents in connection therewith, with the Securities and Exchange 
Commission (hereinafter referred to as the "Commission") one or more 
registration statements (or post-effective amendments) on Form S-8 relating to 
employee benefit plans and/or compensatory plans, contracts or arrangements 
available to officers, employees and/or directors of Lockheed Martin Corporation
and/or its subsidiaries, and amendments thereto (including post-effective 
amendments), and all matters required by the Commission in connection with such 
registration statements under the Securities Act of 1933, as amended, granting 
unto said attorneys-in-fact and agents, and each of them, full power and 
authority to do and perform each and every act and thing requisite and necessary
to be done as fully to all intents and purposes as he or she might or could do 
in person, hereby ratifying and confirming all that said attorneys-in-fact and 
agents, and each of them, or their or his or her substitute or substitutes, may 
lawfully do or cause to be done by virtue thereof.


/s/ James R. Ukropina                                      March 6, 1995
- ------------------------------------
James R. Ukropina            
Director