Lockheed Martin 2007 Annual Report Download - page 7

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LOCKHEED MARTIN CORPORATION 2007 ANNUAL REPORT
5
In 2008, two of our founding directors, Marcus
C. Bennett and Eugene F. Murphy, will retire from the
Board. Both have contributed enormously to the Board
and this Corporation for nearly 13 years, and we are
indebted to them.
We also note, sadly, the loss of one member of
our Board of Directors last year. Douglas C. Yearley
served as a director of the Corporation since 1995
when Lockheed Martin was formed with the merger
of Lockheed Corporation and Martin Marietta. He is
greatly missed.
ON TRACK AND GROWING
There is probably no time in the history of our
company when our customers have depended so much
on the products and services we deliver as they do
now. With U.S. and allied forces deployed, and with
homeland security still a pressing priority, we view
the management of Lockheed Martin as not only a
responsibility, but a trust.
We take seriously our commitment to live up
to the high ethical standards of business conduct and
corporate governance that we have set. We continue to
set the bar high at every level of the Corporation.
We are responding with new strategies to
support our current and future customers’ needs and
to differentiate ourselves from our competitors. To our
customers, we appreciate your continued confi dence
in our ability to optimize our prodigious technical
and human talent in addressing the critical tasks and
priorities ahead.
The management of Lockheed Martin looks
forward to another year of taking on the challenges
that confront our customers and the people they
serve. Meeting those challenges and performing with
excellence unites our leadership team, employees, and
partners to be the best in the industry.
February 28, 2008
Robert J. Stevens
Chairman, President and Chief Executive Offi cer