LOCKHEED MARTIN COMPLETES ACQUISITION OF STASYS LIMITED

BETHESDa, Md., Feb. 28, 2005 –

Lockheed Martin Corporation [NYSE: LMT] has completed the acquisition of STASYS Limited, a U.K.-based technology and consulting firm specializing in network communications and defense interoperability. Terms of the transaction were not disclosed.

Serving a diverse range of international defense and civil government customers, STASYS provides highly specialized expertise in tactical data link integration, requirements management, modeling and simulation, and air traffic management consulting.  The company’s strong capabilities in the communications arena complement Lockheed Martin’s broad portfolio of net-centric technologies in the U.S. and abroad.

“We’re very pleased to welcome STASYS to the Lockheed Martin team,” said Bob Stevens, Lockheed Martin’s President and Chief Executive Officer. “Completing this acquisition marks another step forward in our long-term strategy of strengthening our core competencies through disciplined investment. It also enhances our presence in the U.K., and reiterates our commitment to our international customers. STASYS expands our ability to deliver sophisticated network-enabled solutions in the international arena.”

“This is an outstanding opportunity for our employees and our organization,” said Julian Ranger, STASYS Managing Director and CEO. “We’re excited about joining the Lockheed Martin team, and we’re confident this will be a win-win for our customers and our employees.”

The new organization will be known as Lockheed Martin STASYS Limited and will be a wholly-owned subsidiary of Lockheed Martin UK Holdings Ltd.  Lockheed Martin Integrated Systems & Solutions, based in Gaithersburg, Md., will manage all operational aspects of the business.

Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2004 sales of $35.5 billion.

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Media Contact:
Lockheed Martin Corporation: Jeff Adams (301) 897-6308; e-mail jeffrey.adams@lmco.com

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In addition to the factors set forth in the Corporation's 2003 Form 10-K and quarterly reports filed on Form 10-Q with the Securities and Exchange Commission (www.sec.gov), the following factors could affect the Corporation's forward-looking statements: the ability to obtain or the timing of obtaining future government awards; the availability of government funding and customer requirements both domestically and internationally; changes in government or customer priorities due to program reviews or revisions to strategic objectives (including changes in priorities in response to terrorist threats or to improve homeland security); the competitive environment; economic business and political conditions domestically and internationally; program performance; the timing and customer acceptance of product deliveries; performance issues with key suppliers and subcontractors; customer and other regulatory reaction to the proposed acquisition and the outcome of contingencies (including completion of any acquisitions and divestitures, litigation and environmental remediation efforts). These are only some of the numerous factors that may affect the forward-looking statements contained in this press release.