Lockheed Martin Establishes New Navigation Systems Business Unit

Apr 19, 2001, 01:00 ET from Lockheed Martin

    KING OF PRUSSIA, Pa., April 19 /PRNewswire/ -- To build on its world-class
 capabilities in navigation and to meet customer needs, Lockheed Martin
 (NYSE:   LMT) has established a new business unit within its Space Systems
 Company.  This new Navigation Systems business unit will direct the company's
 efforts as it pursues new business opportunities in the space-based navigation
 systems marketplace.
     In addition to pursuing opportunities to develop the third generation
 Global Positioning System (GPSIII) and Global Multi-Mission Service Platform
 (GMSP), the new business unit will provide a new level of corporate commitment
 to the development of systems required to meet the rapidly expanding needs in
 this market and its customers.
     "Our objective is to enable a total systems integration approach, bringing
 together the best resources of Lockheed Martin and industry to meet the
 requirements of our customers," said Albert E. Smith, executive vice
 president, Lockheed Martin Space Systems Company.
     Stanton D. Sloane, currently the executive vice president of Lockheed
 Martin's Management and Data Systems, will lead the new business unit.  Sloane
 will be responsible for the overall strategy development, strategic teaming
 decisions and implementation of our pursuits of space based navigation
 systems.  The new business unit will also have access to corporate-wide
 resources and support including Lockheed Martin's System Integration and Air
 Traffic Management organizations.
     "Stan has extensive leadership experience within Lockheed Martin in
 systems integration, program management and business management that is
 necessary to implement total system solutions to ensure customer needs and
 requirements are met," Smith said.
     Headquartered in King of Prussia, PA, the Navigation Systems business unit
 will be responsible for the GPS III architecture study, the GPS-IIR program
 and the GPS III CAD (Component Advanced Development) development activities.
 It will also include the broader functional areas of system of systems
 architecture and engineering, network architecture, and user applications.
     Lockheed Martin has been a leading architect of systems of systems
 development for the past 50 years.  Today, the company is the nation's
 provider of GPS IIR satellites and is the largest provider of GPS enabled
 weapons as well as a major participant on the GPS ground Operational Control
 Segment.  For GPS III, the company has leveraged its extensive experience on
 the GPS IIR program and enlisted experts from industry, academia and the
 international community to define best value architectures for this critically
 needed system.
     Headquartered in Bethesda, Maryland, Lockheed Martin
 (www.lockheedmartin.com) is a global enterprise principally engaged in the
 research, design, development, manufacture and integration of advanced-
 technology systems, products and services.  The Corporation's core businesses
 are systems integration, space, aeronautics, and technology.
 
 

SOURCE Lockheed Martin
    KING OF PRUSSIA, Pa., April 19 /PRNewswire/ -- To build on its world-class
 capabilities in navigation and to meet customer needs, Lockheed Martin
 (NYSE:   LMT) has established a new business unit within its Space Systems
 Company.  This new Navigation Systems business unit will direct the company's
 efforts as it pursues new business opportunities in the space-based navigation
 systems marketplace.
     In addition to pursuing opportunities to develop the third generation
 Global Positioning System (GPSIII) and Global Multi-Mission Service Platform
 (GMSP), the new business unit will provide a new level of corporate commitment
 to the development of systems required to meet the rapidly expanding needs in
 this market and its customers.
     "Our objective is to enable a total systems integration approach, bringing
 together the best resources of Lockheed Martin and industry to meet the
 requirements of our customers," said Albert E. Smith, executive vice
 president, Lockheed Martin Space Systems Company.
     Stanton D. Sloane, currently the executive vice president of Lockheed
 Martin's Management and Data Systems, will lead the new business unit.  Sloane
 will be responsible for the overall strategy development, strategic teaming
 decisions and implementation of our pursuits of space based navigation
 systems.  The new business unit will also have access to corporate-wide
 resources and support including Lockheed Martin's System Integration and Air
 Traffic Management organizations.
     "Stan has extensive leadership experience within Lockheed Martin in
 systems integration, program management and business management that is
 necessary to implement total system solutions to ensure customer needs and
 requirements are met," Smith said.
     Headquartered in King of Prussia, PA, the Navigation Systems business unit
 will be responsible for the GPS III architecture study, the GPS-IIR program
 and the GPS III CAD (Component Advanced Development) development activities.
 It will also include the broader functional areas of system of systems
 architecture and engineering, network architecture, and user applications.
     Lockheed Martin has been a leading architect of systems of systems
 development for the past 50 years.  Today, the company is the nation's
 provider of GPS IIR satellites and is the largest provider of GPS enabled
 weapons as well as a major participant on the GPS ground Operational Control
 Segment.  For GPS III, the company has leveraged its extensive experience on
 the GPS IIR program and enlisted experts from industry, academia and the
 international community to define best value architectures for this critically
 needed system.
     Headquartered in Bethesda, Maryland, Lockheed Martin
 (www.lockheedmartin.com) is a global enterprise principally engaged in the
 research, design, development, manufacture and integration of advanced-
 technology systems, products and services.  The Corporation's core businesses
 are systems integration, space, aeronautics, and technology.
 
 SOURCE  Lockheed Martin

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