Dr. William F. Ballhaus, Jr., Named President of the Aerospace Corporation

The Aerospace
Corporation announced today that Dr. William F. Ballhaus, Jr., has
been named president, effective September 11, 2000.

E.C. “Pete” Aldridge, Jr., will remain the CEO of the Corporation.
Aldridge and Ballhaus will share the responsibility for the operations
of Aerospace until Aldridge retires in late 2001.

Ballhaus joins Aerospace after an 11-year career with Lockheed
Martin where he served most recently as corporate vice president,
Engineering & Technology. In that post, he was responsible for
monitoring the scientific and engineering expertise for the company
and overseeing research and engineering functions throughout the
corporation. Prior to his tenure with Lockheed Martin, Ballhaus served
as president of two Martin Marietta businesses: Aero & Naval Systems,
and Civil Space & Communications. He also was vice president and
program director, Titan IV Centaur at Martin Marietta Space Launch
Systems.

Prior to joining Martin Marietta, Ballhaus served as director of
the NASA Ames Research Center at Moffett Field, California. He also
acted as associate administrator for Aeronautics and Space Technology
at NASA Headquarters in Washington, D.C., and served as president of
the American Institute of Aeronautics and Astronautics.

“Bill’s operations and research background will serve us well as
we continue to pursue our primary mission of being a scientific and
technical advisor to the Air Force and the Department of Defense on
space systems,” said Aldridge. “He has the integrity, expertise and
vision to understand our customers’ needs and to carry The Aerospace
Corporation proudly into the future,” he said.

A native of Southern California, Ballhaus received bachelor’s and
master’s of science degrees in mechanical engineering, and a Ph.D. in
engineering from the University of California, Berkeley. Ballhaus has
served as co-chair of the Air Force Scientific Advisory Board and
currently serves on engineering advisory boards at the University of
California, Berkeley, the University of Maryland, MIT, and Johns
Hopkins.

Ballhaus and his wife, Jane, will relocate from Maryland to
Southern California.

The Aerospace Corporation is an independent, nonprofit corporation
that provides objective technical analyses and assessments for
national security space programs and other space programs in the
national interest.