Chris Kubasik, Vice Chairman, President and COO of Lockheed Martin Corporation, released the following statement: "Today, I have submitted my resignation from the board of directors of Lockheed and signed an agreement of separation ending my tenure as an officer of the company. My departure in no way reflects on the strength of Lockheed Martin. I remain confident in the future of the company. I regret that my conduct in this matter did not meet the standards to which I have always held myself. I am grateful to have worked with such an outstanding team of colleagues and friends and continue to be proud of our work together over the past 13 years."