Author Topic: ILS Ownership Changes; Frank McKenna Appointed President  (Read 779 times)

Offline Chris Bergin

( BW)(VA-ILS) ILS Ownership Changes; Frank McKenna Appointed President

    Business Editors

    MCLEAN, Va.--(BUSINESS WIRE)--Oct. 11, 2006--Lockheed Martin
Corporation's shares of ILS International Launch Services Inc. were
transferred today to Space Transport Inc. The sale was announced on
Sept. 7, 2006.

    Also today, the ILS Board of Directors appointed Frank McKenna,
53, as the company's president. McKenna, who has more than 30 years of
experience in the aerospace industry, served as ILS' vice president
and deputy for the last two years, responsible for overall strategy,
partnership management and customer initiatives. Additionally, McKenna
was elected to the ILS board.

    ILS provides sales, marketing, licensing and mission management
for launches of the Proton vehicle to commercial customers around the
world. To date, there have been 43 commercial Proton launches.
Currently, ILS has 11 firm missions in backlog scheduled to launch
through 2008.

    "Going forward, our customers can expect our commitment to
performance, as we continue to focus on meeting their launch
requirements successfully and on schedule using the Proton launch
system," McKenna said.

    Space Transport Inc. was formed specifically for this transaction
by Mario Lemme, who has been a consultant to ILS since its inception
and a Board member for more than three years.

    "I am looking forward to continuing my long-term involvement with
ILS," said Lemme. "Our focus is on providing premier launch services
with the ILS team and our joint venture partner, Khrunichev."

    International Launch Services is the U.S.-Russian joint venture
between Space Transport Inc. and Khrunichev State Research and
Production Space Center with RSC Energia. ILS has the exclusive rights
for worldwide commercial sales and mission management of satellite
launches on Russia's premier vehicle, the Proton, and the future
Angara vehicle. ILS is incorporated in Delaware in the United States,
and is headquartered in McLean, Va., a suburb of Washington, D.C.
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