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Lockheed Martin and SENER Form Strategic Partnership to Pursue Advanced EO and Electronics Business

PARIS, FRANCE, June 14th, 1999 -- Lockheed Martin of the United States and SENER of Spain announced today a strategic partnership to pursue development and production of advanced electro-optic (EO) and electronic systems to enhance fighter aircraft precision strike capabilities and overcome many combat limitations faced by combat pilots today. A Memorandum of Understanding (MOU) signed between Lockheed Martin Electronics & Missiles and SENER forms the basis for the two companies to join in a strategic partnership.

"This long term business arrangement is a direct outgrowth of the companies work on the new third generation NITE Hawk Block III system," said Michael T. Donovan, acting president of Lockheed Martin Electronics & Missiles. The announcement came at the same time that the companies introduced a new FLIR retrofit for F/A-18s and for current FLIR products, such as LANTIRN and NITE Hawk, which increases the capability of current systems "by far," according to company officials.

"The new FLIR technology, is a superior, cost-effective product improvement that will allow current NITE Hawk users to meet the more demanding operational needs of modern rules of engagement," explained Fred Marion, vice president of fire control systems for Lockheed Martin Electronics & Missiles. "Imagery of the new FLIR capability shows an astounding, long range difference between currently deployed technology and the new capability."

The Block III system replaces the first generation FLIR with a new third generation FLIR through very minor modifications to the NITE Hawk system, thus significantly reducing the logistics impact to current users. This modern sensor will improve the ability of the warfighter to detect and identify targets at much greater ranges and in more adverse weather than is currently available to pilots in Kosovo.

"The Lockheed Martin and SENER partnership brings together the strengths of both companies, including over 30 years of Lockheed Martin experience in the development and production of the majority of the world's most advanced EO fire control systems for both fixed and rotary wing combat aircraft," said Donovan.

"SENER's background in advanced electronics, complex satellite systems and EO systems design complements that of Lockheed Martin. The combination offers the world a formidable team with a proven track record and a global presence."

"This exciting partnership with Lockheed Martin brings us an ability to participate in a very important market," stated Jorge Sendagorta, chief executive of SENER. "By integrating the modern technologies and production capabilities of Lockheed Martin with the advanced electronics design and development capabilities of SENER, we will both will play a significant role in providing leading-edge EO and advanced electronic systems to military customers worldwide today and in the future."

Lockheed Martin Electronics & Missiles is a world leader in electro-optics, smart munitions, anti armor and air defense systems. The company is an operating element of Lockheed Martin Electronics Sector, based in Bethesda, Maryland.

A Memorandum of Understanding (MOU) signed between Lockheed Martin Electronics & Missiles and SENER forms the basis for the two companies to join in a strategic partnership.

"This long term business arrangement is a direct outgrowth of the companies work on the new third generation NITE Hawk Block III system," said Michael T. Donovan, acting president of Lockheed Martin Electronics & Missiles. The announcement came at the same time that the companies introduced a new FLIR retrofit for F/A-18s and for current FLIR products, such as LANTIRN and NITE Hawk, which increases the capability of current systems "by far," according to company officials.

"The new FLIR technology, is a superior, cost-effective product improvement that will allow current NITE Hawk users to meet the more demanding operational needs of modern rules of engagement," explained Fred Marion, vice president of fire control systems for Lockheed Martin Electronics & Missiles. "Imagery of the new FLIR capability shows an astounding, long range difference between currently deployed technology and the new capability."

The Block III system replaces the first generation FLIR with a new third generation FLIR through very minor modifications to the NITE Hawk system, thus significantly reducing the logistics impact to current users. This modern sensor will improve the ability of the warfighter to detect and identify targets at much greater ranges and in more adverse weather than is currently available to pilots in Kosovo.

"The Lockheed Martin and SENER partnership brings together the strengths of both companies, including over 30 years of Lockheed Martin experience in the development and production of the majority of the world's most advanced EO fire control systems for both fixed and rotary wing combat aircraft," said Donovan.

"SENER's background in advanced electronics, complex satellite systems and EO systems design complements that of Lockheed Martin. The combination offers the world a formidable team with a proven track record and a global presence."

"This exciting partnership with Lockheed Martin brings us an ability to participate in a very important market," stated Jorge Sendagorta, chief executive of SENER. "By integrating the modern technologies and production capabilities of Lockheed Martin with the advanced electronics design and development capabilities of SENER, we will both will play a significant role in providing leading-edge EO and advanced electronic systems to military customers worldwide today and in the future."

Lockheed Martin Electronics & Missiles is a world leader in electro-optics, smart munitions, anti armor and air defense systems. The company is an operating element of Lockheed Martin Electronics Sector, based in Bethesda, Maryland.

Nettie Johnson (407) 356-2211
Mary Jo Polidore (407) 346-2207



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