The Aerospace Corporation Announces Election of Albert E. Smith to Board

EL SEGUNDO, Calif. (3/14/05) — Former Lockheed Martin executive Albert E. Smith has been elected to The Aerospace Corporation’s board of trustees. Smith was elected to a three-year term March 11 during the board’s quarterly meeting held at the company’s regional office in Washington, D.C. The Aerospace Corporation is based in El Segundo, Calif.

Smith retired from Lockheed Martin Corporation on Feb. 1, 2005, stepping down as executive vice president of Integrated Systems and Solutions, a post he had held since it was established in June 2003. Smith served four years as executive vice president of Lockheed Martin Space Systems before being named to the Integrated Systems post. He also was an officer of Lockheed Martin.

Smith joined Lockheed Corporation—which merged with Martin Marietta in 1995 to form Lockheed Martin—in 1985 as a director in the Space Systems Division. He advanced to vice president of the Milstar communications satellite program; vice president and assistant general manager, Advanced Government and Commercial Systems; and president of the Lockheed Martin Space Systems Company. He also served as president and chairman of Lockheed-Khrunichev-Energia, a joint venture with Russian industry. Before being named executive vice president of Space Systems, Smith was president of Lockheed Martin Aerospace Electronics Systems.

Smith served for 13 years with the Central Intelligence Agency before joining the Lockheed Corporation.
“Al has an exceptional background, both in the aerospace industry and in government service, and we look forward to his participation on the board,” said Dr. William F. Ballhaus Jr., president and CEO of The Aerospace Corporation.

In addition to his new position on the Aerospace board, Smith serves on the board of directors of International Launch Services and is a member of the Defense Science Board. He is a senior member of the American Institute of Aeronautics and Astronautics.

The Aerospace Corporation, with headquarters in El Segundo, Calif., is an independent, nonprofit company that provides objective technical analyses and assessments for national security space programs and selected civil and commercial space programs in the national interest.