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MARTIN MARIETTA CHOSEN TO MANAGE ADDITIONAL DEPARTMENT OF ENERGY FACILITY

 MARTIN MARIETTA CHOSEN TO MANAGE ADDITIONAL
 DEPARTMENT OF ENERGY FACILITY
 BETHESDA, Md., Jan. 14 /PRNewswire/ -- Martin Marietta Corporation (NYSE: ML) has been selected by the U.S. Department of Energy (DoE) to manage and operate the Pinellas electronics components plant at Largo, Fla., beginning June 1.
 Martin Marietta and DoE soon will finalize negotiations on a five-year contract for management of the facility. The contract is expected to have an equivalent sales value of $750 million to Martin Marietta, based upon an annual operating budget of $150 million.
 The Pinellas plant employs approximately 1,600 and is responsible for development and production of a wide range of electronic components, including detectors, generators, batteries, capacitors and switches for DoE requirements.
 Martin Marietta currently operates DoE facilities at Oak Ridge, Tenn.; Paducah, Ky.; and Portsmouth, Ohio.
 "Our selection to operate the Pinellas plant further demonstrates Martin Marietta's commitment to cost-effectively manage DoE facilities in full compliance with all federal requirements," said A. Thomas Young, president and chief operating officer of the corporation. "Our proposal emphasized our strengths in key DoE mission areas and critical disciplines, including environmental management, health and safety, precision manufacturing, quality assurance, materials science and human resources management."
 The Pinellas plant will be managed by a newly formed, wholly owned subsidiary of the corporation, Martin Marietta Specialty Components, Inc. Dr. Charles Hall has been named president and general manager of the subsidiary, which will report directly to the corporation's executive office.
 Young also noted: "This new business responsibility complements our strategy to expand our proven skills into appropriate government markets in addition to defense. In the past two years, that strategy has resulted in more than $5 billion in non-defense orders. We will vigorously continue our pursuit of additional DoE opportunities as part of our strategy."
 -0- 1/14/92
 /CONTACT: Charles Manor of Martin Marietta, 301-897-6258/
 (ML) CO: Martin Marietta Corporation; Department of Energy ST: Maryland, Florida IN: CPR SU:


TW-MK -- DC018 -- 9697 01/14/92 16:18 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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