To help with a smooth transition, Smith will serve in a special assignment role reporting to the Chief Executive Officer until his retirement date. IS&S, one of five major business areas in Lockheed Martin, was formed in June 2003 to leverage the corporation's existing and emerging capabilities to address customers' growing needs for highly integrated systems and solutions.

Sloane previously served in a variety of positions at Lockheed Martin, including president and executive vice president of Management & Data Systems (M&DS) in Valley Forge, PA; and senior vice president, Network Systems Development at Lockheed Martin Global Telecommunications (LMGT). Earlier assignments included vice president of Radar/Sensor Systems in Syracuse, NY, along with several leadership positions in business development including service in Greece, England and Australia where he was the first CEO of a Lockheed Martin in-country joint venture.

Sloane is a 10-year veteran of the U. S. Navy and Naval Reserve, where he served as an aeronautical maintenance officer. He holds a bachelor's degree from Barry University, master's from Pepperdine University, and doctorate from Case Western Reserve University.