Exhibit 99

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For Immediate Release
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LOCKHEED MARTIN GLOBAL TELECOMMUNICATIONS STATEMENT
ON CONGRESSIONAL PASSAGE OF SATELLITE REFORM LEGISLATION


BETHESDA, Maryland, March 10, 2000 -- The following statement is attributable to
John V. Sponyoe, chief executive officer of Lockheed Martin Global
Telecommunications:

"Last night's action by the U.S. House of Representatives, coupled with last
week's Senate vote, provides an equitable solution to the long and complex task
of satellite reform legislation. Considerable credit is due congressional
leadership, the House/Senate conferees and particularly Chairmen Conrad Burns
and Tom Bliley, for their determination and success on this issue. Passage of
the legislation is most welcome news for Lockheed Martin Global
Telecommunications and our proposed merger with COMSAT Corporation. Following
signature by the President and final regulatory clearances, we would anticipate
consummating this transaction in early third-quarter 2000. We appreciate both
the fair manner in which Congress crafted this legislation and the confidence
Congress has placed in Lockheed Martin and COMSAT to create a strong, new U.S.
competitor in the global telecommunications marketplace. We will now work
extremely hard to ensure that implementation of this legislation provides for
fair treatment in the U.S. for INTELSAT, INMARSAT and New Skies."

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A wholly owned subsidiary of Lockheed Martin Corporation (NYSE: LMT), Lockheed
Martin Global Telecommunications provides space-based and terrestrial networks
and telecommunications services for corporate and government customers
worldwide.

NOTE: Statements that are not historical facts are forward-looking statements
made pursuant to the safe harbor provision of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
anticipated results, including the assumption that the combination is
consummated, the outcome and timing of regulatory and legislative actions,
developments concerning the business of COMSAT and the privatization of
INTELSAT, effects of government requirements, economic conditions, competitive
environment, timing of awards and contracts, the outcome of contingencies such
as litigation and environmental remediation, and program performance, in
addition to other factors not listed. The Corporations do not undertake any
obligation to publicly release any revisions to forward looking statements to
reflect events or circumstances or changes in expectations after the date of
this press release or the occurrence of anticipated events.



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CONTACT: Charles Manor, Lockheed Martin Global Telecommunications at
301/897-6258, or email: charles.manor@lmco.com

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