Exhibit 99.3

                                                           For Immediate Release
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JAMES A. "MICKY" BLACKWELL TO RETIRE FROM LOCKHEED MARTIN


BETHESDA, Md., Oct. 29, 1999 -- James A. "Micky" Blackwell, executive vice
president of Lockheed Martin's aeronautical systems business area, announced
today that he will retire after 30 years of service.

Dain M. Hancock, president of the company's Tactical Aircraft Systems unit in
Ft. Worth, Texas, will succeed Blackwell as executive vice president of the
aeronautical systems business area effective Nov. 5.  A successor to Hancock
will be named in the near future.

"Micky Blackwell has made innumerable contributions to our company during his
career," said Chairman and CEO Vance D. Coffman.  "Among the most prominent of
Micky's many accomplishments is his role in the development of the F-22 fighter.
We wish him all the best in his retirement."

Blackwell joined the former Lockheed Corporation in 1969 as a research engineer.
Following a series of promotions, he became president of Lockheed Aeronautical
Systems Company in April 1993 and, following the formation of Lockheed Martin
Corporation in March 1995, president and chief operating officer of the
Aeronautics Sector.   He became Executive Vice President of the corporation for
aeronautical systems business area October 1, 1999, as the result of the
corporate reorganization announced September 27, 1999.  He holds a bachelor's
degree in aeronautical engineering from the University of Alabama and a master's
degree in the same discipline from the University of Virginia.

Hancock joined the Fort Worth division of General Dynamics in 1966 as an
engineer working in thermodynamics and aerodynamics on the F-111 and special
projects.  He held increasingly responsible positions through the former
Lockheed Corporation's acquisition of the Fort Worth unit from General Dynamics
in 1993 and the strategic combination that created Lockheed Martin in 1995, when
he was named president of the Tactical Aircraft Systems unit.  Hancock holds
bachelor's and master's degrees in mechanical engineering from Texas Tech
University.

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