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Lockheed Martin's Dailey to Retire

                          Dahlberg Named Successor

    BETHESDA, Md., Oct. 24 /PRNewswire-FirstCall/ -- Lockheed Martin
Corporation (NYSE: LMT) today announced that Brian D. Dailey, 57, Senior
Vice President, Washington Operations, plans to retire on April 1, 2009.
Gregory R. Dahlberg, 57, currently vice president of corporate legislative
affairs, will succeed Dailey effective January 1, 2009. To ensure a smooth
transition, Dailey will remain in a supporting role until his retirement
date.

    "With great appreciation for Brian's service and contributions to
Lockheed Martin, I am announcing the retirement of one of our most senior
executives," said Chairman, President and CEO Bob Stevens. "Brian has
contributed immeasurably to the success of Lockheed Martin and has earned
our deepest respect and admiration. Greg Dahlberg is an outstanding
successor to build on the strong foundation Brian has laid for the
corporation's Washington Operations," Stevens added.

    Dahlberg joined Lockheed Martin's Washington Operations staff in March
2003. Previously, he served as minority staff director of the House
Appropriations Committee's Defense Subcommittee. Prior to that position, he
served as Under Secretary of the Army and was Acting Secretary of the Army
during the early months of the George W. Bush administration. He began his
career as a program analyst for the Transportation Department and later
served on the House Transportation Subcommittee and the full committee
staff of the House Appropriations Committee. He moved to the Defense
Subcommittee in 1995.

    Dailey was instrumental in the formative years of Lockheed Martin,
instituting strategic and long-range planning processes that guide the
Corporation today. Since assuming his current position in 1999, he has
served as the Corporation's principal liaison with government customers in
the Executive and Legislative branches.

    Previously, Dailey has served the Corporation as Chief Operating
Officer of Lockheed Martin Global Telecommunications; Corporate Vice
President, Strategic Development; and Vice President, Business Development
for the former Space & Strategic Missiles Sector. Dailey joined the
Lockheed Corporation from the White House where he was Executive Secretary
of the National Space Council. Prior to that, he served as senior
professional staff member on the Senate Armed Services Committee. He also
held a professorship at the U.S. Naval Postgraduate School in the
Department of National Security Affairs. Dailey is a graduate of the
University of Southern California where he earned a Ph.D. in International
Relations.

    "While I recognize that Brian has planned to retire for some time, I'll
miss his wise counsel and strong support. I know he plans to return to his
passion -- the arts -- and I wish him much success and happiness in the
years ahead," said Stevens.

    Headquartered in Bethesda, MD, Lockheed Martin is a global security
company that 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 2007 sales of $41.9 billion.


For additional information, visit our website: http://www.lockheedmartin.com
SOURCE Lockheed Martin Corporation




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    CONTACT:
    Tom Jurkowsky, Vice President, Media
    Relations, Lockheed Martin Corporation, +1-301-897-6352