A Grammy Awards news release said that in addition to recognizing the "Light My Fire" rockers, the 2007 rendition of the annual awards ceremony will also honor the careers of the Grateful Dead, Maria Callas, Joan Baez and Bob Wills.
Also set to receive The Recording Academy's honor for a stellar musical career are Booker T. and the MG's and famed jazz saxophonist Ornette Coleman.
"This year's group of accomplished honorees are as diverse as they are influential as creators of the most renowned and prominent recordings in the world," Recording Academy President Neil Portnow said. "Their contributions exemplify the highest artistic and technical standards that have positively affected the music industry and music fans."
The Feb. 11 ceremony will also bestow its Trustees Award to Stax Records co-founder Estelle Axton, sound engineer Cosimo Matassa and Broadway composer Stephen Sondheim.
2014: The Year in Music [PHOTOS]