Senior Lockheed Martin Executive Receives Distinguished International Aerospace Award

PASADENA, Calif., 09/07/2010 --

The California Institute of Technology (Caltech) has presented its 2010 International von Kármán Wings Award to Joanne Maguire, executive vice president of Lockheed Martin Space Systems Company, for her visionary accomplishments in aerospace.

The von Kármán Wings Award acknowledges outstanding contributions by international innovators, leaders, and pioneers in aerospace and is presented by the Aerospace Historical Society, which is part of the Graduate Aerospace Laboratories at Caltech (GALCIT). For the past 26 years, the society has been dedicated to the preservation of the history and achievements of aerospace.

Maguire is the first female to receive this honor and Lockheed Martin's second senior executive to receive the von Kármán Wings Award, along with Daniel M. Tellep, the Corporation's first chairman and chief executive officer who was the recipient in 1997.

"Joanne's colleagues at Lockheed Martin are proud of her selection as the first woman recognized by the Aerospace Historical Society with this prestigious award," said Lockheed Martin's President and Chief Operating Officer Christopher E. Kubasik. "She's a great leader in our company, an effective advocate for our industry, and an exemplary role model for those who choose careers in aerospace."

G. Ravi Ravichandran, chair of the Aerospace Historical Society, director of GALCIT, and the John E. Goode, Jr., Professor of Aeronautics and Mechanical Engineering at Caltech presented the International von Kármán Wings Award to Maguire at a gala banquet and awards ceremony on September 2 on the Caltech campus.

"GALCIT is proud and privileged to be the home of the Aerospace Historical Society," Ravichandran said. "It is an honor to give this award, named after the founding director of GALCIT and the founder of the Jet Propulsion Laboratory, to Joanne Maguire."

Maguire has been recognized by Fortune magazine multiple times as one of the "50 Most Powerful Women in Industry" and in 2008 as one of the "Top 50 Women in Technology" by Corporate Board Member magazine. She was also honored in 2008 by Girls Inc. for her achievements as a "leader and role model for young women." Additionally, Maguire is a fellow of the American Institute of Aeronautics and Astronautics and a member of the International Academy of Astronautics.

Under Maguire's leadership, Lockheed Martin Space Systems Company provides advanced-technology systems for national security, civil, and commercial markets, including projects on human space flight systems, communication satellites, strategic and missile defense systems, and interplanetary spacecraft. The company employs approximately17,000 people and generated more than $8.6 billion in sales for Lockheed Martin in 2009.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2009 sales from continuing operations were $44.5 billion.

Media Contacts:

Media Contacts:

Lockheed Martin: Steve Tatum, (408) 742-7531; e-mail, Stephen.o.tatum@lmco.com

Caltech: Deborah Williams-Hedges, (626) 395-3227; e-mail, debwms@caltech.edu

For a bio and a photo of Joanne Maguire, please visit:

http://www.lockheedmartin.com/aboutus/bios/maguire.html