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From Lockheed-Martin Prepared Press Releases


Lockheed-Martin News

Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion.

www.lockheedmartin.com


June 19, 2006


 

The Desert Hawk

Lockheed-Martin Photo


UNITED KINGDOM AWARDS LOCKHEED MARTIN $2.65 MILLION CONTRACT TO ENHANCE DESERT HAWK UNMANNED AERIAL SYSTEM CAPABILITY

EAGAN, MN, February 23, 2006 -- The United Kingdom's Defence Procurement Agency awarded Lockheed Martin [NYSE: LMT] a $2.65 million contract to enhance the British Army's Desert Hawk Unmanned Aerial Systems (UAS).

Originally developed by Lockheed Martin as a force protection airborne surveillance system under a U.S. Air Force contract, the Desert Hawk UAS offers autonomous intelligence, reconnaissance and surveillance capabilities, including terrain avoidance and dynamic flight plan re-tasking.  It is a lightweight, compact system that requires only two people to operate   The U.S. Air Force owns 21 Desert Hawk systems, including 126 air vehicles, which are currently deployed in the Middle East. 

Under the UK contract, Lockheed Martin will provide new Desert Hawk systems in addition to upgrading the UK’s existing fleet to the new build standard.  Capabilities of the new standard include enhanced plug and play electro-optics, infrared color or black/white electro-optical imager payloads, ground control stations, remote video terminals, field repair kits, and global positioning satellite tracking and location capabilities.  The contract also defines provisions for spares and technical support.  Future options include electro-optical turrets. The air vehicles are scheduled for delivery to the British Army in March 2006.
 
“Lockheed Martin’s whole systems approach to unmanned systems allows our customers to achieve sustainable force protection,” said Richard Ambrose, vice president of Lockheed Martin’s Maritime Systems & Sensors Tactical Systems business unit.  “We are proud to provide this capability to allied front-line troops engaged in the global war on terror.”


February 22, 2006


Lockheed X-35 during tests of the aircraft engine afterburners. The first production F-35 is about to leave the assembly line and is being readied for First Flight.

Locheed-Martin Photo


LOCKHEED MARTIN F-35 TAKES SHAPE,
READIES FOR FIRST FLIGHT

SINGAPORE, February 22, 2006

The first Lockheed Martin F-35 Joint Strike Fighter completed assembly
and was ceremoniously turned over to the flight line in Fort Worth,
Texas, USA, on schedule, Feb. 19. This represents the next stage of
development and the very first completed aircraft. Ground tests will now
begin in preparation for first flight later this year.

With design work in nearly every time zone around the world, the F-35
represents the largest international fighter development in history.
"The international team developing the F-35 continues its success in
keeping the program on schedule and meeting technical objectives," said Tom
Burbage, Lockheed Martin executive vice president and manager of F-35
JSF program integration. "Our overriding goal is to deliver an aircraft
system that brings a host of 5TH Generation breakthrough capabilities
to the many countries that will use the F-35. That goal is now within
sight."

The United States, United Kingdom, Italy, the Netherlands, Turkey,
Canada, Australia, Denmark and Norway are contributing to the F-35's
development, and all are expected to sign a memorandum of understanding later
this year that will define their plans for buying, owning, operating
and maintaining the aircraft. Singapore and Israel are Security
Cooperation Participants in the JSF program and are entitled to delivery
priorities, certain program information and country-specific technical studies
for the F-35.

The F-35 is a supersonic, multirole stealth fighter designed to replace
a number of aging fighter and strike aircraft. The F-35 and the
Lockheed Martin F-22 are the world's only 5TH Generation fighters, combining
stealth with supersonic performance, advanced sensor fusion, greatly
expanded capacity for interoperability and dramatic reductions in
operation and support costs.

Recent program progress includes the successful completion of Critical
Design Review for the F 35 conventional takeoff and landing (CTOL) and
short takeoff/vertical landing (STOVL) variants on Feb. 17;
installation of the Pratt & Whitney F135 turbofan engine on Feb. 13; and pilot
manipulation of the F-35 controls and movement of the control surfaces on
Jan. 13. Among other recent highlights was "power on" for the first
F-35, initiating the flow of electricity into the aircraft last fall;
assembly start for the first STOVL F-35; signing of the System Development
and Demonstration contract for the GE Rolls-Royce Fighter Engine Team's
F136 interchangeable engine; and the ongoing success of avionics and
sensor testing in ground-based laboratories and flying test beds.

"Our global and national strategic objectives continue to move toward
joint and coalition cooperation and collaboration and from traditional
border defense to forward-deployed coalition operations," Burbage said.

"The F-35 is designed with those shifts in mind," Burbage added, "and
along with its stealth capabilities it is positioned to overwhelm
adversaries by exploiting the global information grid through integrated
avionics, unparalleled situational awareness and a revolutionary
sustainment concept."

Lockheed Martin is developing the F-35 with its principal industrial
partners, Northrop Grumman and BAE Systems. The aircraft will be built in
three distinct versions, although the aircraft will share much of the
same equipment and structures. The F-35A is the CTOL version, which will
likely be built in the largest numbers; the F-35B will be the world's
first supersonic, stealth STOVL aircraft; the F-35C will be an aircraft
carrier-based variant with larger wings.

Two separate, interchangeable engines are currently under development
for the F-35: the Pratt & Whitney F135 turbofan and the F136 turbofan
from the GE Rolls-Royce Fighter Engine Team. Each engine produces 40,000
pounds of thrust, which will make the F-35 the most powerful
single-engine fighter ever to fly.


LOCKHEED MARTIN ANNOUNCES PARTNERSHIP WITH THE STATE OF FLORIDA TO PURSUE NASA'S NEW CREW EXPLORATION VEHICLE

LOCKHEED MARTIN TEAM TO PERFORM CEV FINAL ASSEMBLY AND TESTING IN FLORIDA IF CHOSEN BY NASA

CAPE CANAVERAL, FL, February 22, 2006

Lockheed Martin [NYSE: LMT] announced today, in partnership with the
State of Florida, its plans to locate final assembly and testing of the
Crew Exploration Vehicle (CEV) in Florida if the corporation is
successful in its bid to provide the next generation crew transportation system
for the National Aeronautics and Space Administration (NASA).

The CEV, an advanced blunt-body crew capsule design, is a key element
of NASA's Vision for Space Exploration, and will transport up to six
crew members to and from the International Space Station and up to four
crew members for lunar missions, to Mars and beyond.

Lockheed Martin, as prime contractor, is leading a team that is
competing to help NASA develop and produce a CEV that will be safer, more
reliable and more cost-effective than previous human spaceflight systems.

As NASA retires its venerable Space Shuttle system in 2010, the new
Crew Exploration Vehicle will carry forward the next generation of
astronauts to Earth orbit, back to the moon and on to farther destinations.

"We are extremely pleased and proud to partner with the State of
Florida in support of NASA's CEV program. The point of final assembly and
testing for each mission will be critical to the viability of NASA's CEV
program and the ideal location to do that is here in Florida adjacent
to the launch site," said John Karas, vice president of space
exploration for Lockheed Martin. "Florida has an extremely talented existing
workforce with the skills, experience, dedication and track record to meet
the challenges and requirements of NASA's human spaceflight program.
They also have facilities that can support the highly specialized work
that the new Crew Exploration Vehicle will require. And co-location
here in Florida with NASA's launch operations offers the greatest value at
an overall affordable cost that is essential to the long-term success,
safety, reliability and sustainability of NASA's CEV program," added
Karas.

In support of the State of Florida's extensive heritage in NASA's space
flight endeavors and the state's strong interest in maintaining a key
role in NASA's CEV program, Governor Jeb Bush has proposed incentives
valued at $45.5 million for the CEV program to cover training,
transportation infrastructure, facility improvements and equipment.

"On behalf of the State of Florida, I am very pleased that Lockheed
Martin has recognized our strong commitment to maintaining our space
industry legacy," said Lt. Gov. Toni Jennings. "We are proud to partner
with them by providing economic incentives to final assemble the Crew
Exploration Vehicle right here at Kennedy Space Center, where space history
begins and will continue for years to come."

In trade studies, Lockheed Martin looked closely at the significant
benefits of using facilities located in Florida for final assembly,
integration and subsystem checkout, environmental acceptance testing, and
Crew Module maintenance, for both the CEV Crew Module and Service Module.
The final assembly and integration will be located in the O&C facility
located on-site at Kennedy Space Center (KSC), a state-of-the-art
facility that will be specifically configured to support CEV final assembly
and acceptance testing. Locating the final assembly and integration
operations in proximity with the launch operations will provide much
greater efficiency in the flow of testing and operations leading to launch.
In addition, the synergies gained by utilizing KSC for assembly and
integration will provide NASA with greater operational flexibility during
the final integration of the CEV with the Crew Launch Vehicle.

Lockheed Martin Space Systems Company is one of the major operating
units of Lockheed Martin Corporation. Space Systems designs, develops,
tests, manufactures and operates a variety of advanced technology systems
for military, civil and commercial customers. Chief products include a
full range of space launch systems, including heavy-lift capability,
ground systems, remote sensing and communications satellites for
commercial and government customers, advanced space observatories and
interplanetary spacecraft, fleet ballistic missiles and missile defense systems.


Lockheed-Martin C-130J Hercules

Locheed-Martin Photo


U.S. AIR FORCE AWARDS LOCKHEED MARTIN $68 MILLION CONTRACT TO PROVIDE C-130J WEAPONS SYSTEMS TRAINERS

ORLANDO, FL,February 22, 2006

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $68
million contract to provide Weapons Systems Trainers (WST) to support the
service's C-130J and the U.S. Marine Corps KC-130J aircraft.

Under the contract, the Air Force will receive two trainers and the
U.S. Marine Corps will receive one trainer. The WST will provide training
for Air Force aircrews who fly the C-130J -- the latest version of the
medium-lift transport aircraft in service with the U.S. Air Force for
nearly four decades.

The KC-130J is used by the U.S. Marine Corps for aerial refueling and
troop transport. The C-130J and KC-130J incorporate state-of-the-art
technology to reduce manpower requirements, lower operating and support
costs and provide life-cycle cost savings over earlier C-130 models.

"The Weapons Systems Trainer is part of a total training program that
graduates mission-qualified C-130 aircrews," said Lorraine Martin, vice
president of Lockheed Martin Simulation, Training & Support Flight
Solutions. "Aircrews are immersed in a variety of scenarios that allow
them to hone their skills. They can prepare for a variety of missions
without actually flying the aircraft. This reduces costs, and delivers a
safe, effective training solution to our customers."

Design and manufacture of the Weapons Systems Trainers is part of
Lockheed Martin's C-130J Maintenance and Aircrew Training System (JMATS)
program. The program provides a comprehensive range of training devices
and training support services including aircrew instruction, operations,
contractor logistics support and engineering services. Design and
manufacture of the trainers has been subcontracted to CAE.


LOCKHEED MARTIN AWARDED CONTRACT FOR GOES-R GEOSTATIONARY LIGHTNING MAPPER FORMULATION PHASE

PALO ALTO, CALIF,February 22, 2006

The Lockheed Martin (NYSE:LMT) Advanced Technology Center (ATC) has
been awarded a $2 million, 12-month contract by the NASA Goddard Space
Flight Center to proceed to the formulation phase for the Geostationary
Lightning Mapper (GLM) instrument that will fly on the National Oceanic
and Atmospheric Administration (NOAA) GOES-R Series environmental
satellites. GLM's ability to monitor convection on a global scale via
lightning will provide new insight into the formation, distribution,
morphology and evolution of storms, and allows investigation into the
mechanisms at the core of the global water and energy cycle.

"Along with our teammates from the University of Alabama in Huntsville
(UAH), we are enormously excited to be moving forward into the
Geostationary Lightning Mapper formulation phase" said Earl Aamodt, Lockheed
Martin GLM program manager at the ATC. "Our team has worked together
since 1992 on successful lightning imaging missions, and this extensive
spaceflight heritage is directly applicable to GLM. The combination of
this team's experience and knowledge of GLM requirements, a proven systems
engineering approach, and our detailed formulation phase plan will make
this formulation phase a success."

The observation of lightning by GLM will provide a ubiquitous means of
penetrating cloud tops and detecting convective activity continuously
over whole continents and adjacent oceans. This lightning characteristic
of clouds is inadequately measured, both temporally and spatially, by
current observing systems.

With improved insight into the dynamics and life cycles of storms and
weather systems, GLM will also greatly improve understanding of the fast
time-scale elements of atmospheric convection. This will lead to a
better understanding of the Earth as a system, which combined with long
term GLM observations, will lead to significant improvements in monitoring
changes in storm climatology. In addition, since intense and increasing
in-cloud flashes are known to precede severe weather by tens of
minutes, the real-time transmission and distribution of GLM data would greatly
improve the lead-time for severe storm warnings, particularly
tornadoes.

The Geostationary Operational Environmental Satellite (GOES) mission is
a critical part of the U.S. satellite constellation for environmental
observations, along with the Polar Operational Environmental Satellite
(POES) and Defense Meteorological Satellite Program (DMSP) polar
orbiting satellites - both built by Lockheed Martin. GOES is the environmental
satellite most familiar to the American public, as its images and
time-lapse sequences are the primary visual material of television weather
forecasts.

The GOES system - operational since 1975 ?- plays a critical role in
weather and environmental forecasting. In orbit high above the equator,
GOES satellites are uniquely positioned to observe the development of
hazardous weather, such as hurricanes and severe thunderstorms, and to
track their movement and intensity so that major losses of life and
property can be reduced or avoided.

NOAA manages the GOES program and establishes the requirements,
provides funding and distributes environmental data for the United States.
NASA will manage the GLM instrument acquisition as a part of its support
to NOAA's development of the GOES-R series of satellites.

The ATC is the research and development organization of Lockheed Martin
Space Systems Company (LMSSC). LMSSC, a major operating unit of
Lockheed Martin Corporation, designs, develops, tests, manufactures and
operates a variety of advanced technology systems for military, civil and
commercial customers. Chief products include a full-range of space launch
systems, including heavy-lift capability, ground systems, remote
sensing and communications satellites for commercial and government
customers, advanced space observatories and interplanetary spacecraft, fleet
ballistic missiles and missile defense systems.


LOCKHEED MARTIN TO WEBCAST SENIOR VICE PRESIDENT PRESENTATION AT INDUSTRY CONFERENCE

BETHESDA,February 22, 2006

Lockheed Martin Corporation [NYSE: LMT] will webcast a live
presentation by Art Johnson, Senior Vice President Corporate Strategic
Development, at the Friedman Billings Ramsey 2nd Annual Defense, Government IT and
Homeland Security Conference on Wednesday, March 1, 2006.

Mr. Johnson is scheduled to present from 8:10 to 8:40 a.m. EST, and
will discuss the corporation's leadership positions and growth plans in
information technology, systems sustainment and homeland security.

Access the webcast at:
http://www.lockheedmartin.com/investor . An
audio replay will be available for two weeks.


February 21, 2006


LOCKHEED MARTIN AND AIR FORCE SIGN CRADA

R&D AGREEMENT WITH ELECTRONIC SYSTEMS CENTER WILL ENABLE
NETWORK-CENTRIC ENGINEERING PROJECTS

BOSTON, MASS.,February 10, 2006

Lockheed Martin (NYSE: LMT) has signed a three-year Cooperative
Research and Development Agreement (CRADA) with the U.S. Air Force's
Electronic Systems Center (ESC).

The CRADA will enable identification of future critical warfighting
capabilities needed in a network-centric environment based on
collaboration using engineering and integration projects.

"We are pleased to sign this agreement with ESC," said Stan Sloane,
Lockheed Martin Executive Vice President for the Integrated Systems &
Solutions business area. "We look forward to working with ESC to identify,
create and integrate future critical warfighting capabilities in a
network-centric research and development environment."

Under the CRADA, Lockheed Martin and ESC will work to assemble a set of
cross-domain decision-making tools with enhanced situational awareness
capabilities and embedded simulation. The CRADA will also lend insight
into the risks associated with current and emerging concepts,
technologies and applications through established quantitative and qualitative
means. The CRADA will be used command-wide and support other Air Force
partners, such as AFC2ISRC and AFCA.

As part of the CRADA, ESC will provide domain expertise, access to the
ESC Network Centric Enterprise Services Lab (NCES Lab), C2 Enterprise
Integration Facility (CEIF) and participation in collaborations and
coordinated events such as experiments and war games. ESC will also provide
sponsorship for networks essential in the collaboration efforts.

Lockheed Martin will provide technical experience in research and
development for network-centric information capabilities. Lockheed Martin's
Center for Innovation in Suffolk, Va. and its Global Vision Network
(GVNet) infrastructure will allow for evaluation and identification of
potential functionalities in a net-centric environment incorporating
Global Information Grid technology. Lockheed Martin will also provide the
infrastructure for experimentation with real-time and non-real-time
operational planning capability with improved battlespace awareness.

ESC, the Air Force's leader in Command and Control (C2) systems, is
headquartered at Hanscom Air Force Base in Massachusetts. ESC manages the
development and acquisition of electronic C2 systems and manages more
than 150 programs, ranging from secure communications systems to mission
planning systems.


Turkish Air Force Block 50 F-16 fighter planes, similar to those operated by the Singapore Air Force.

Katsuhiko Tokunaga / DACT / Lockheed-Martin Photo


ADVANCED TECHNOLOGY LOCKHEED MARTIN F-16 FIGHTER PROVIDES UNMATCHED PROVEN CAPABILTIES, GLOBAL INTEROPERABILITY AND SUSTAINMENT

SINGAPORE,February 21, 2006

Continued orders and the infusion of advanced technologies in the
Lockheed Martin [NYSE: LMT] F-16, particularly in the Block 52 and Block 60
variants, keep the F-16 Fighting Falcon the multirole tactical fighter
of choice for nations around the world. Lockheed Martin is highlighting
the F-16 this week at the Asian Aerospace air show, the region's
foremost aerospace and defense technology exhibition.

"The F-16 is known as the world's most capable, supportable,
affordable, interoperable and proven multirole fighter available today," said
June Shrewsbury, Lockheed Martin vice president for F-16 programs. "The
program has evolved to meet the growing demands of our customers and
continues to employ the latest technologies making it viable for many years
to come."

Currently, the company is delivering two advanced versions of the F-16
and has firm deliveries scheduled through 2009. "We also see the
potential for 100-200 additional F 16 sales over the next few years," said
Shrewsbury. "The F-16 has a bright future and continues to provide great
value and capability to our customers."

Most recently - in December - Greece announced its decision to purchase
30 new
F-16C/D aircraft with an option for 10 more. This purchase represents
the 50th repeat order from an existing F-16 customer. "Repeat orders are
a clear indicator of customer satisfaction," said Shrewsbury.

Aircraft now being produced for Chile, Oman, Poland, Israel and Greece
are the Advanced Block 50/52 F-16C single-seat configuration and the
F-16D two-seat configuration. The United Arab Emirates was the launch
customer for the Block 60 F 16 version, which is also produced in
single-seat (F-16E) and two-seat (F-16F) configurations. Known as Desert
Falcon, the Block 60 aircraft is the latest and most advanced version of the
F-16.

Shrewsbury said Lockheed Martin is also committed to the modification
and sustainment of the worldwide F-16 fleet over its service life. "The
F-16 has a proven worldwide support infrastructure that includes a
logistics network operating from air bases around the world. With its
robust sustainment and upgrade options, the F-16 will be in service for at
least 40 more years, making its supportability very reliable and cost
effective."

In addition to sharing technologies with the F-22 and F-35, the world's
only 5TH Generation fighters, the F-16 offers a variety of solutions to
meet customers' economic, technical and industrial needs with an
unrivaled record in meeting and exceeding industrial participation
commitments, said Shrewsbury.

"For over 25 years, the F-16 has represented the largest and most
successful industrial cooperation production programs in the world with the
development and implementation of industrial cooperation programs
tailored to meet customers' needs. Production lines have been operated
successfully in five countries, including Korea," said Shrewsbury. "We
understand that the F-16 is about more than the airplane, it's about meeting
the needs and requirements of our customers at all levels."


The F/A-22 Raptor recently finished avionics Engineering Manufacturing Development, or EMD, testing here, and surpassed 2,592 flight hours, pushing the aircraft one step closer to taking its place as the premier weapon system of the U.S. Air Force (Photo: 9/9/2005). 

Photo Courtesy US Air Force / Edwards AFB Public Affairs


LOCKHEED MARTIN F-22 AND F-35: THE 5TH GENERATION REVOLUTION IN MILITARY AVIATION

SINGAPORE, February 21, 2006

With the F-22 Raptor reaching U.S. Air Force Initial Operational
Capability last December and the scheduled first flight of the F-35 later
this year, the 5TH Generation of fighter aircraft is now a reality.
Lockheed Martin [NYSE: LMT], which produces both aircraft, detailed some of
the battle-changing advantages and unmatched capabilities the world's
only 5TH Generation fighters now bring to the United States and its
allies.

George Standridge, vice president and deputy for business development
at Lockheed Martin Aeronautics Company, presented an in-depth look at
the state-of-the-art attributes uniquely integrated in the F-22 and F-35
5TH Generation fighters. "These fighters bring an order of magnitude
increase in capability, survivability and supportability over legacy
fighters, at a significantly lower cost and will transform defense
worldwide," said Standridge who briefed the press at the Asian Aerospace air
show here today. Asian Aerospace is the region's foremost aerospace and
defense technology exhibition.

"Lockheed Martin has launched the world into the fifth generation of
military aviation," said Standridge. "We believe the F-22 and F-35
represent a major inflection point in military aviation and all aviation for
that matter. The F-22 and F-35 are battle-changing systems. These two
aircraft, the only 5TH Generation fighters being produced or developed
today, are the only fighters that can survive and defeat threats of
tomorrow."

Standridge said numerous analyses of tactical aircraft operations from
a variety of government sources have all reached the same conclusions:
5th Generation fighters are significantly more effective than legacy
fighters in all air dominance mission requirements and are the best value
for the money.

Without getting into detailed, classified information, Standridge noted
that the F-22 Raptor's unique combination of stealth, speed, precision,
agility, situational awareness, air-to-ground and air-to-air combat
capabilities make it unlike any other military aircraft in the world. It
is faster to the fight, two times more reliable, and three-plus times
more effective than the F-15 it replaces. The Raptor also requires 1/3
less airlift to deploy.
Standridge added that the F-35 Joint Strike Fighter will be:

- Four times more effective than legacy fighters in air-to-air
engagements
- Eight times more effective than legacy fighters in prosecuting
missions against fixed and mobile targets
- Three times more effective than legacy fighters in non-traditional
Intelligence Surveillance Reconnaissance (ISR) and Suppression of Enemy
Air Defenses and Destruction of Enemy Air Defenses (SEAD/DEAD) missions
- About the same in procurement cost as legacy fighters, but requires
significantly less tanker/transport and less infrastructure with a
smaller basing footprint

"The synergy that results from combining stealth, speed,
maneuverability, persistence, information fusion and situational awareness, improved
sustainability, lean deployment and the ability to work within and
interact with a broad array of networked systems in a single platform
represents a quantum leap in capability and survivability over previous
fighters," said Standridge. "No other fighter in the world today besides
the F-22 and F-35 can make those claims."


February 20, 2006


Vertical Launch System

Lockheed-Martin Photo


 

NAVY AWARDS LOCKHEED MARTIN $5.4 MILLION CONTRACT MODIFICATION FOR MK 41 VERTICAL LAUNCH SYSTEM SUPPORT SERVICES

BALTIMORE, MD, February 20, 2006

Lockheed Martin [NYSE: LMT] received a $5.4 million modification to an
existing contract from the U.S. Naval Sea Systems Command (NAVSEA) to
continue providing technical and engineering support services for the MK
41 Vertical Launch System (VLS) program.

The modification provides $4.4 million for Lockheed Martin to perform
VLS Baseline VII design engineering support to the MK 41. The work
includes VLS tactical software updates, auto test equipment maintenance, and
other engineering support for Baseline VII that will be performed at
Lockheed Martin's Baltimore facility. In addition, $1 million goes to
support the VLS Depot at the company's Life Cycle Support facility in
Ventura, CA.

"This funding enables our industry partner, Lockheed Martin, to
continue MK 41 VLS product improvement initiatives and maintenance activities
in support of our nation's war fighters," said Toan Nguyen, Surface
Launching Systems Project Manager for the U.S. Navy's Program Executive
Office, Integrated Warfare Systems.

"The most widely used vertical missile launcher in the fleet, the MK 41
is a high performance, survivable and versatile system that requires
minimal manning and training, and is integral to the United States'
sea-based ballistic missile defense program. Our open architecture design
also enables us to continually upgrade the MK 41 and meet current and
future threats to our nation's security," said Dave Broadbent, vice
president and general manager of Lockheed Martin's Littoral Ships & Systems
line of business. "We greatly appreciate the U.S. Navy's continued
support of the combat-proven MK 41 VLS program."

A below deck missile launching system developed by Lockheed Martin, the
MK 41 VLS was originally designed for the U.S. Navy's Aegis-equipped
guided missile cruisers to provide air threat protection for naval battle
groups. The launcher's capabilities have been continually enhanced
through a series of product improvement initiatives with the latest, VLS
Baseline VII, being fielded in 2004. Through its evolution into a
multi-missile, multi-mission launcher, the MK 41 has revolutionized the way
world navies think about sea-launched weapons. No other naval missile
launcher is capable of launching missiles for every threat in naval
warfare, including anti-air, anti-submarine, ship self-defense, land attack
and ballistic missile defense. More than 11,000 MK 41 VLS missile cells
have been delivered or are on order for 178 ships in 11 navies around
the world.


LOCKHEED MARTIN INSPIRES CENTRAL FLORIDA STUDENTS TO PURSUE TECHNICAL CAREERS DURING NATIONAL ENGINEERS WEEK 2006

ORLANDO, FL, February 20, 2006

Lockheed Martin's [NYSE: LMT] Central Florida businesses will support
local activities to promote math and science education for students
during National Engineers Week, February 19-25. Through fun hands-on
activities, students will learn about engineering and engineering careers.

Lockheed Martin strongly endorses the American Competitiveness
Initiative announced recently by President Bush during his State of the Union
address. National Engineers Week compliments the initiative, as its
goal is to recognize and celebrate achievements in science and engineering
-built upon a solid foundation of math and science principles.

"At Lockheed Martin, we know firsthand the importance of educating our
young people in math and science. Our future success - and our
nation's technological advantage - depends on a constant supply of highly
trained, highly capable technical talent," said Bob Stevens, Lockheed
Martin chairman, president and CEO.

Throughout the week, employees at Lockheed Martin facilities in the
area will visit schools and host game show-style competitions to offer
students with unique and engaging insights into how engineers impact our
everyday lives. Employees will also support the University of Central
Florida Minorities in Engineering program's Science, Engineering,
Communication, Mathematics Enhancement (SECME) regional competition.
Lockheed Martin employees will also invite students from several local schools
to tour its facilities and will host several activities, including an
Engineering Design Challenge and a "Who Wants to be an Engineer?"
competition for local students.

"We look forward to showing local students how exciting a career in
engineering can be," said Eileen Eberley, a senior software engineer and a
chairman of Lockheed Martin's Central Florida National Engineers Week's
efforts. "By engaging the students in fun activities throughout the
week, we hope to teach them the fundamentals of the field and inspire
them to pursue a career in engineering. We hope the efforts we are
putting into raising students' awareness of engineering today will help to
foster a strong technical workforce for the future."

National Engineers Week presents an ideal opportunity to reach out to
students, from kindergarten through college, with activities in schools
and in the community. Supported by a formal coalition of more than 70
engineering, educational and cultural societies, and more than 50
corporations and government agencies, National Engineers Week is dedicated
to raising public awareness of engineers' positive contributions to our
quality of life. Activities throughout the week promote recognition
amongst parents, teachers and students in the importance of a technical
education and a high level of math, science, and technology literacy,
motivating youths to pursue engineering careers in order to provide a
diverse, vigorous and informed engineering workforce. Each year National
Engineers Week reaches thousands of schools, businesses, and community
groups across the United States.

Lockheed Martin is a corporate sponsor of National Engineers Week,
which was founded in 1951 by the National Society of Professional
Engineers. The week's activities continue to grow each year, and in 2004,
expanded to the international community.


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