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Lockheed Martin Awarded $30 Million Contract for MLRS M270A1 Launchers for Korea

1ST FMS Sale of MLRS M270A1 Launchers

DALLAS, TX, January 29th, 2002 -- Lockheed Martin Missiles and Fire Control has received a Foreign Military Sales (FMS) contract worth $30 million to deliver Multiple Launch Rocket System (MLRS) M270A1 launchers to the Republic of Korea. This is the first foreign sale of MLRS M270A1 launchers. Delivery of the launchers will begin in December 2003 and be completed in September 2004. Production of the launchers will take place at the company's Camden, Ark., facility. The Republic of Korea first purchased MLRS M270 launchers in 1997.

"This contract is another example of the confidence our customers have in the MLRS system and this business," said Ed Ulery, vice president - International Business Development for Missiles and Fire Control. "We have a legacy of performance behind our products that is second to none."

The new M270A1 launchers will include upgrades featuring an Improved Fire Control System (IFCS) that includes a Global Positioning System (GPS), as well as the ability to process large blocks of data from new smart munitions within tactical timelines.

The M270A1 system also incorporates the Improved Launcher Mechanical System (ILMS) upgrade, which reduces the time needed to aim and reload the launcher by more than 30 percent. Crew and launcher survivability will be greatly enhanced because total exposure time on the battlefield will be significantly reduced.

Employing more than 8,500 people, Lockheed Martin Missiles and Fire Control is headquartered in Dallas, Texas, with additional base operations in Orlando, Fla., and manufacturing and assembly facilities in Sunnyvale, Calif., Chelmsford, Mass., Camden, Ark., Horizon City and Lufkin, Texas, Ocala, Fla., White Sands Missile Range, N.M., and Troy, Ala. The company is a business unit of Lockheed Martin Systems Integration in Bethesda, Md.

Craig Vanbebber, 972-603-1615
e-mail craig.vanbebber@lmco.com