Exhibit 99.2

                                                           For Immediate Release
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Lockheed Martin President and COO Peter B. Teets to Retire


BETHESDA, Maryland, October 29, 1999:  Peter B. Teets, 57, Lockheed Martin
President and Chief Operating Officer (COO) has announced he will retire from
the company and resign from its Board of Directors.  Effective immediately,
Chairman and CEO Vance Coffman will also assume COO duties.

"Pete Teets has had an outstanding 37-year career," said Coffman. "We thank him
for his contributions through what we all can agree has been an exceptionally
difficult period for the company.  He has been an important part of our team and
he will be missed.  We wish him well."

"I am extremely proud of my long and cherished association with the men and
women who make up this great company of Lockheed Martin, "said Teets.  "The
difficult times we have seen are not indicative of the company's real potential
and I feel I must step up to being accountable for our disappointing financial
outlook for 2000."

Coffman and Board member Eugene Murphy will co-chair a COO search committee,
which will include other members of the Board.

Teets joined Martin Marietta in 1962 as an engineer and held progressively
responsible positions throughout his career.  In 1985, he was named President of
Martin Marietta Denver Aerospace which became Martin Marietta Astronautics Group
in 1987.  He was appointed President and COO of Lockheed Martin in July 1997
after serving as President and COO of the Corporation's Information and Services
Sector, a post he held since the Lockheed - Martin Marietta merger in 1995.

Headquartered in Bethesda, Maryland, Lockheed Martin 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 services.  Lockheed Martin had 1998 sales surpassing $26 billion.

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CONTACT:  James Fetig, 301-897-6352

WEB SITE:  www.lmco.com