8-K

                                   FORM 8-K

                                CURRENT REPORT

                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 11, 1999

                              COMSAT Corporation
              (Exact name of registrant as specified in Charter)

                                                       
District of Columbia          1-4929                         52-0781863
(State or other               (Commission File Number)       (IRS Employer
 jurisdiction of                                             Identification
 incorporation)                                              Number)




6560 Rock Spring Drive, Bethesda, Maryland    20817
(Address of principal executive offices)      (Zip code)

Registrant's telephone number, including area code    (301) 214-3000

                                Not Applicable
        (Former name or former address, if changed since last report.)


Item 5.  Other Events.
         -------------

     On June 11, 1999, COMSAT Corporation (the "Company") issued a press release
announcing that the Company has postponed its Annual Meeting of Shareholders.
The meeting, which was originally scheduled for June 18, 1999, will now take
place on August 20, 1999.


Item 7.  Financial Statements and Exhibits
         ---------------------------------

(c)  Exhibits (listed according to the number assigned in Item 601 of Regulation
     S-K).

Exhibit No.  Description
- -----------  -----------
99.1    Press Release issued by COMSAT Corporation on June 11, 1999.


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                     COMSAT Corporation
                                     ------------------


                                     By: /s/ Alan Korobov
                                     Alan Korobov
                                     Controller


Date:  June 11, 1999

EX-99.1

                                                                    Exhibit 99.1

For Immediate Release
- ---------------------


               COMSAT RESCHEDULES ANNUAL MEETING OF SHAREHOLDERS


BETHESDA, Md. -- COMSAT Corporation (NYSE:CQ) today announced that its Board of
Directors has voted to reschedule its 1999 annual shareholders meeting.  With
the concurrence of Lockheed Martin Corporation, the meeting, which was
originally scheduled for June 18, 1999, will now be held on August 20, 1999.

      "COMSAT will continue to pursue aggressively all necessary regulatory and
legislative approvals to accomplish the merger with Lockheed Martin
Corporation," said COMSAT President and Chief Executive Officer Betty C.
Alewine.  "Rescheduling the shareholder meeting will put the meeting date closer
to the anticipated receipt of these requisite approvals," Alewine noted.

      At the meeting, shareholders also will vote upon the election of 12
members to the COMSAT Board of Directors, the appointment of independent public
accountants and a shareholder's proposal.  Advance notice of nominations and
other proposed business to be submitted by shareholders at the annual meeting is
required within 10 days of this announcement, as outlined in COMSAT's by-laws.

     COMSAT Corporation (NYSE: CQ) is a global provider of satellite services
and digital networking services and technology.

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CONTACTS:
- --------

Dave Groobert      Director, Public Relations    +1 301 214 3436
Gary Sharpe        Director, Investor Relations  +1 301 214 3244