LOCKHEED MARTIN TEAM COMPLETES MAJOR CONSTRUCTION MILESTONE FOR FIRST LITTORAL COMBAT SHIP    

MARINETTE, WI, November 21, 2005

With more than 75 percent of the nation’s first Littoral Combat Ship (LCS) under construction, the Lockheed Martin team completed another key milestone – installing the ship’s two main propulsion gas turbines. Freedom (LCS 1) is on schedule to launch in the summer of 2006 and deliver to the U.S. Navy in early 2007, 24 months after the start of construction.

Freedom will be powered by an innovative combined diesel and gas turbine propulsion plant, with steerable water jet propulsion. The two Rolls-Royce MT30 gas turbines – the largest gas turbines ever to be installed on a Navy ship – allow LCS to sustain sprint speeds well over 40 knots when lightly loaded. Diesel engines, supplied by Fairbanks Morse, provide power for long distances. Two fixed and two steerable Rolls-Royce water jets enable superior maneuverability for mission execution.

The Lockheed Martin team design, a survivable, semi-planing steel monohull, provides outstanding maneuverability with proven sea-keeping characteristics to support launch and recovery operations, mission execution and optimum crew comfort. The LCS design will be the first surface combatant to be classed under the new Naval Vessel Rules by the American Bureau of Shipping. The Lockheed Martin-led team includes naval architect Gibbs & Cox, ship builders Marinette Marine, a subsidiary of The Manitowoc Company, Inc., [ NYSE: MTW], and Bollinger Shipyards, as well as best-of-industry domestic and international teammates to provide a flexible, low-risk warfighting solution.

More than two dozen modules that comprise the bulk of Freedom’s hull and superstructure are under construction at Marinette Marine and will be assembled in precise order as the ship continues to take shape.

Headquartered in Bethesda, MD, Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services.

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Media contact: Diana Massing, 410-682-0986; diana.massing@lmco.com

For more information, visit us our website:
 www.lockheedmartin.com and www.lmlcsteam.com

Editors note: For a high resolution graphic, please contact Diana Massing.

Caption: The second of two Rolls-Royce MT 30 gas turbine engines is landed onto a hull block of Freedom (LCS 1), the first Littoral Combat Ship (LCS). The gas turbines – part of an innovative power plant that enables LCS to sustain sprint speeds well over 40 knots when lightly loaded – will remain wrapped in protective shrouding until later in the construction process to prevent damage. Over 75 percent of the ship’s modules are under construction at Marinette Marine in Marinette, WI, with the ship scheduled to be delivered to the U.S. Navy in early 2007.