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Lockheed Martin Naval Electronics & Surveillance Systems-Moorestown Receives $55m Installation And Test Award

MOORESTOWN, NJ, April 10th, 2000 -- Lockheed Martin Naval Electronics & Surveillance Systems (NE&SS)-Moorestown announced today that it received a $55.4 million option to an existing contract from the U.S. Navy for installation, integration and test of four Aegis weapons systems in support of the Navy's Aegis program. The current award is an option to an existing contract between NE&SS-Moorestown and the Navy and covers ships DDG 85 to DDG 88. Total contract value with the award of this option is $96.7 million. Naval Sea Systems Command (NAVSEA) will administer the contract.

"Aegis continues to be a key program for the Navy and our region," said Fred P. Moosally, Vice President and General Manager of Lockheed Martin Naval Electronics & Surveillance Systems-Moorestown. "We are pleased to be a key contributor to this important U.S. Navy effort."

NE&SS-Moorestown is the Aegis combat system engineering design agent responsible for the design and integration of a complete shipboard, multi-warfare combat system which encompasses all detection, command and control, weapon and support systems for the TICONDEROGA and ARLEIGH BURKE classes of Aegis guided missile cruisers and destroyers.

The Aegis weapon system is designed, produced and integrated into the combat system by NE&SS-Moorestown and is its core. This computer-controlled weapon system features the most capable tactical radar system ever put to sea -- the AN/SPY-1 phased-array radar. SPY-1 can automatically track multiple targets simultaneously, while maintaining continuous surveillance from the wave tops to the stratosphere. The Navy currently operates 27 Aegis cruisers and 28 Aegis destroyers.

NE&SS-Moorestown is one of six major operating sites of Lockheed Martin NE&SS. NE&SS provides surface ship and submarine combat systems, antisubmarine warfare and ocean surveillance systems, missile launching systems, radar and sensor systems, ship systems integration services and other advanced systems and services to customers worldwide. It is the largest business organization in the Lockheed Martin Systems Integration business area.

Jim Tierney, NE&SS-Moorestown, 856.722.5848; jim.g.tierney@lmco.com
Rich Palmay, NE&SS-Moorestown, 856.722.2708; richard.l.palmay@lmco.com