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INTELSAT, MARTIN MARIETTA ANNOUNCE PROPOSED SETTLEMENT OF LEGAL ISSUES

 WASHINGTON, June 11 /PRNewswire/ -- The managements of the International Telecommunications Satellite Organization (INTELSAT) and Martin Marietta Corporation (NYSE: ML) announced today that they have developed the terms of a proposed settlement of the litigation arising out of Martin Marietta's 1990 launch of the INTELSAT 603 spacecraft.
 The proposed settlement was submitted to INTELSAT's board of governors for information at its meeting this week, although it will not be considered for final approval until INTELSAT's September 1993 board meeting.
 The elements of the proposed settlement include purchase by INTELSAT of additional INTELSAT VIII spacecraft from Martin Marietta under an existing contract but with revised terms and conditions.
 Both parties welcome the opportunity to find a way to move on from the litigation process.
 INTELSAT is the international commercial cooperative of 125 member nations that owns and operates the global communications satellite system used worldwide by 180 member and non-member countries, territories and dependencies for their international and, in many instances, domestic communications. The major provider of transoceanic telephone and television services, INTELSAT also offers via its 19- satellite global system such services as international video, teleconferencing, facsimile, data and telex.
 The new Martin Marietta Corporation, with operations or offices in 37 states and 17 nations outside the United States, has annual sales of $10 billion, $3 billion of which is commercial and civilian government business. In addition to satellites, principal products and services include space launch vehicles, advanced technology systems, information systems, management operations, construction aggregates, aircraft controls, aircraft engine thrust reversers and government and technical services. Martin Marietta Astro Space has launched 183 satellites to date; satellites on order total more than 60.
 -0- 6/11/93
 /CONTACT: Tony Trujillo of INTELSAT, 202-944-7500, or Charles Manor of Martin Marietta, 301-897-6258/
 (ML)


CO: INTELSAT; Martin Marietta Corporation ST: District of Columbia, Maryland IN: ARO SU:

MH-DS -- DC002 -- 0964 06/11/93 09:10 EST
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Publication:PR Newswire
Date:Jun 11, 1993
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