Military

LOCKHEED MARTIN AWARDED $20.6 MILLION FOR FIRE CONTROL SYSTEM UPGRADE TO SUPPORT ENHANCED MISSILE AUSTRALIAN NAVY FRIGATE

CANBERRA, Australia, September 25, 2007, September 25th, 2007 -- The Commonwealth of Australia awarded Lockheed Martin [NYSE: LMT] a contract valued at US$20.6 million to upgrade the MK92 Fire Control System to support the introduction of Standard Missile 2 (SM-2) capability into the Royal Australian Navy Adelaide-class guided missile frigates (FFGs).

The MK92 system, originally developed by Lockheed Martin, provides integrated X-band radar surveillance, target tracking and weapon fire control capability for naval gun and missile applications. Under the contract, Lockheed Martin will provide MK92 alterations and related support services for the design, development and integration of the new system features supporting the new missile capability. The upgrade is part of the Royal Australian Navy’s SEA 1390 Phase 4B program and will be performed by Lockheed Martin Australia inSydney, as well as Lockheed Martin’s business in Moorestown, NJ.

“The upgrade will ensure robust capability of the Royal Australian Navy FFG fleet against threats that have developed since the introduction of the current combat system,” said Paul Johnson, managing director of Lockheed Martin Australia. "The project complements our Aegis combat system integration work currently underway on the Air Warfare Destroyer project.”

“The MK92 upgrade represents the very first introduction of SM-2 into an FFG-class surface combatant anywhere in the world,” said Stan Ozga, Lockheed Martin’s director for Naval Radar Programs. “With this contract, Lockheed Martin will deliver a major improvement to the FFG anti-air warfare capability and continue more than two decades of support to the operational needs of the Royal Australian Navy customer.”

More than 125 shipboard MK92 systems have been produced and are currently deployed in nine different navies – including the Royal Australian Navy – around the world. It has been installed on more than 70 guided missile frigates, as well as a variety of other surface ships including coast guard cutters, corvettes and fast attack craft.

Headquartered in Bethesda , MD , Lockheed Martin employs more than 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Ken Ross 856-722-6941; 856-912-5802 (cell);

e-mail, kenneth.b.ross@lmco.com

For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com



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