George Strader Joins Lockheed Martin Civil Unit as Director of Financial Solutions

ROCKVILLE, Md., 10/06/2009 --

Bringing with him a wealth of executive federal financial management experience, George Strader has joined Lockheed Martin as Director of Financial Solutions within the company's Information Systems & Global Services (IS&GS) – Civil product line. In that capacity, he will guide the company's growing presence in the non-defense government business systems and services market.

Before assuming his new position, Strader served nearly four years as Deputy Chief Financial Officer and Controller for the U.S. Government Accountability Office.There he had oversight of GAO's financial systems and served as the principal executive responsible for internal controls, budget development and execution, acquisition management, building and property management and security and safety programs.

From 1992 until 2005, he was Deputy Assistant Secretary of Finance for the U.S. Department of Health and Human Services, where he was responsible for all financial policy and the oversight of financial systems and operations. He also looked over organizations responsible for resolving audits and managing cost policy affecting more than $200 billion in grants and contracts.He joined DHHS in 1987 from a position as accounting officer for the Department of Treasury Office of Secretary. He is a graduate of the George Washington University School of Government and Business Administration.

Ken Asbury, President of IS&GS-Civil, said, "I hear frequently from senior government officials that managing today with efficiency and transparency is their agencies' biggest challenge. With a highly-experienced financial management pro like George Strader leading this effort, we believe our support will be even more focused on our customer's requirements to provide better service to citizens."

As the largest provider of information technology and systems integration to the government, Lockheed Martin provides superior solutions, processes and technologies to agencies entrusted with financial responsibilities – from the Department of Treasury and Housing and Urban Development to the Federal Deposit Insurance Corporation and Securities and Exchange Commission. These solutions allow federal agencies to control costs, integrate and streamline processes, prevent fraud, manage risk and adapt to changing regulatory mandates.

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 2008 sales of $42.7 billion.

Media Contacts:

Joe Wagovich, 301-623-4492, e-mail, joseph.m.wagovich@lmco.com