LOCKHEED MARTIN TO EMPHASIZE GLOBAL PARTNERSHIPS AT FARNBOROUGH INTERNATIONAL 2000 AIR SHOW; RELEASES PRESS BRIEFING SCHEDULE

11 July 2000

Lockheed Martin's presence at the Farnborough International 2000 air show beginning July 24 will be focused on expanding and establishing partnerships with advanced technology companies from around the world. Lockheed Martin has more than 250 international partnerships in more than 30 countries, with international business comprising 23 percent of the company's total sales. Additionally, Lockheed Martin's position as the top contractor for the U.S. Department of Defense, the second-largest NASA contractor and the largest supplier of information technology services to the U.S. Government provides partnership opportunities for companies from around the world seeking involvement on U.S. Government programs.

Lockheed Martin's international partnerships are focused on helping governments and commercial customers meet nationally important priorities, such as providing for strong defense, contributing to safer air travel, guiding ships through growing harbors, counting the population, managing computer networks and connecting millions of people through telecommunications and distribution technologies that keep the mail moving quickly and efficiently.

To further encourage strong international industry partnerships, Lockheed Martin is advocating that U.S. and European defense companies should have equal opportunities to meet military requirements of all NATO member governments. Lockheed Martin envisions a future transatlantic marketplace that is integrated, open and competitive, and supported by a transatlantic defense industrial base that is innovative and robust.

Equal industry access throughout this combined transatlantic defense market would enable NATO to mobilize European and U.S. industry to work together to correct the "requirements-capabilities gap" that threatens the ability of NATO military forces to operate jointly with modern systems across the full spectrum of defense capabilities.

European and American industry would cooperate and compete on an equal footing, all in support of preserving and enhancing the military capabilities of the NATO alliance. In the near term, the emphasis would be on practical partnerships organized around specific projects or lines of business, rather than transatlantic mergers.

The corporation's partnership portfolio represents its commitment to become the world's best systems integrator in aerospace, defense and technology services.

Lockheed Martin has formed a unit called Lockheed Martin U.K. Ltd., based in London, to coordinate the Corporation's U.K. business interests, represent its varied partnerships with U.K. industry and facilitate the identification of new partnerships.

Among those partnerships is the C-130J U.K. Industrial Support Group, comprising approximately 50 British companies that provide 20 percent of the value of each C-130J, including its advanced propulsion systems. The program sustains 2,500 jobs in the United Kingdom. Teamed with nine British companies, Lockheed Martin is prime contractor and systems integrator for the Royal Navy's EH-101 Merlin Mk1 helicopter program. Lockheed Martin's largest operating center in the United Kingdom supports the Merlin program from its base in Portsmouth, employing approximately 500 British citizens.

BAE SYSTEMS and Lockheed Martin are partners in developing the X-35 Joint Strike Fighter and Lockheed Martin also provides the Longbow integrated fire control radar and missile systems for the United Kingdom's WAH-64 Apache attack helicopters.

On the European continent, a 50-50 joint venture called Lockheed Martin Alenia Tactical Transport Systems is producing C-27J Spartan transports that combine the rugged militarized airframe of the Alenia G.222 with state-of-the-art cockpit and propulsion technologies from the C-130J. In air and missile defense, Lockheed Martin, EADS and Alenia are joint venture partners on the MEADS (Medium Extended Area Defense) program.

In space, Lockheed Martin, BAE SYSTEMS and British Telecommunications have joined to study the privately financed development of Skynet 5, the next-generation space-based communication system for the U.K. Ministry of Defence.

Extending eastward, Lockheed Martin has established a joint venture with Krunichev and Energia of Russia called International Launch Services that markets Atlas and Proton boosters around the world. The new Atlas III powered by the Russian-designed RD-180 engine recently launched Europe's Eutelsat IV communications satellite in its debut mission.

In civil government programs, Lockheed Martin and several British companies are modernizing Britain's air traffic control system, as well as supplying advanced postal sorting systems to the Royal Mail and processing more than 30 million census forms in 2001. Under a similar contract for the U.S. Census Bureau, Lockheed Martin's technologies processes 1.2 million census forms a day at 98 percent accuracy. Another important defense partnership involves a joint venture with British companies to manage the U.K. Atomic Weapons Establishment.

Lockheed Martin maintains long-term partnerships with such major British advanced technology companies as BAE SYSTEMS, Rolls-Royce/Allison, GKN Westland and Racal. In continental Europe, long-standing relationships are in place with Alcatel, Alenia, Arianespace, Blohm + Voss, Diehl, EADS, Empresa Nacional Bazan, Fokker, Hellenic Aerospace Industry, IABG, SABCA, Siemens, Signaal, SONACA, Thomson-CSF and Turkish Aircraft Industries. Add to that a lengthy list of British and continental European suppliers and subcontractors with whom Lockheed Martin does business regularly.

At the Farnborough International 2000 exposition, Lockheed Martin's press briefings will take place in its Partnership Pavilion, located directly across from its business chalet in Row D, Spaces 11-13, unless otherwise noted. Following is the briefing schedule:

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Monday, July 24 - 9:00 a.m. "Lockheed Martin Aeronautics Company: One Vision and Strategy" by Dain Hancock, corporate executive vice president of Lockheed Martin Aeronautics Company, discussing the recently consolidated aeronautics business entity with key programs including Joint Strike Fighter, F-16, C-130J, C-27J, F-22 and advanced development initiatives.

10:00 a.m. Joint Strike Fighter update by Tom Burbage, executive vice president of customer requirements, and Frank Cappuccio, vice president and JSF program manager.

11:00 a.m. C-130J update by Burbage and Gene Elmore, vice president for C-130J programs.

12:00 p.m. Pampa trainer aircraft program update by Dan Patterson, president of aircraft & logistics centers.

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Tuesday, July 25 - 9:00 a.m. Space Systems overview by Al Smith, corporate executive vice president of Lockheed Martin Space Systems, covering programs in the space launch, commercial satellites, government satellites and strategic missiles lines of business, such as the Atlas, Proton and Titan launchers, Advanced EHF, A-2100 and interplanetary space probes.

10:00 a.m. Bob Coutts, corporate executive vice president of Lockheed Martin Systems Integration, will discuss growth strategies as the business area continues its evolution from a supplier of hardware and weapons systems to a full-spectrum systems integrator providing business solutions for defense, civil government and commercial customers worldwide.

11:00 a.m. MEADS program briefing by Don Lionetti, vice president of air and missile defense systems

12:00 p.m. Merlin program briefing by Peter Schultz, president of U.K. Government Systems, and Royal Navy program manager Cmdr. Phil Shaw.

1:00 p.m. T-50 Advanced Trainer/Light Combat Aircraft briefing by Tuck McAtee, international vice president for business development, North Asia, and Alex Jun, general manager and head of the T-50 marketing department for Korean Aerospace Industries.

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Wednesday, July 26 - 9:00 a.m. Financial performance briefing by Bob Stevens, corporate executive vice president and chief financial officer.

10:00 a.m. International partnership briefing by Bob Trice, corporate vice president of business development; Ian Stopps, chief executive of Lockheed Martin U.K., Ltd.; and Bob Clifford, president of business development for Continental Europe

10:00 a.m. at the U.S. Government Aircraft Corral P-3 Orion Upgrades by Michael Lulu, director of maritime surveillance aircraft.

11:00 a.m. F-16 Program Update, Block 60 Highlights and F-16 Training Systems by Don Jones, vice president for F-16 programs; Dwain Mayfield, vice president for marketing initiatives; and Jerry Keehner, executive director of simulation and training

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Thursday, July 27 - 12:00 p.m. "Partnering to Multiply the Power of Platforms" by Ed Ulery, vice president of international business development for missiles and fire control.

For further information, please contact: Corporate -- Lee Whitney (301) 897-6121 or Jim Fetig (301) 897-6352 Lockheed Martin UK Ltd. -- Mark Douglas +44 (0)20 7798 2850 Systems Integration -- Pete Harrigan (301) 897-6171 Space Systems -- Jan Wrather (303) 971-5967 Aeronautics -- Joe Stout (817) 763-4086 Technology Services -- Wendy Owen (856) 486-5126