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LOCKHEED MARTIN RECEIVES $30 MILLION LRIP 2 CONTRACT FOR PREDATOR SHORT-RANGE ANTI-TANK WEAPON

ORLANDO, FL, January 6th, 2003 -- Lockheed Martin and the U.S. Marine Corps recently signed a $30.9 million contract for the second Low Rate Initial Production (LRIP 2) of the shoulder-fired, short-range PredatorTM anti-tank weapon. The contract is for the production and delivery of 400 Predator weapons. "This is a follow-on to the LRIP 1 contract, which was awarded to Lockheed Martin in January 2002. It continues our progress in fielding a world-class weapon which will enable the individual Marine to engage and defeat a main battle tank and other armored vehicles," said Mike Woodson, U. S. Marine Corps Project Officer.

Predator, a man-portable, inertially-guided, point-and-shoot system, is designed to defeat advanced armor targets. The complete system weighs less than 22 pounds and uses a fly-over, shoot-down trajectory to attack tanks at their most vulnerable point.

"Predator provides the warfighter with a lightweight, simple-to-operate anti-tank weapon which is accurate and highly lethal," said Ron Woodard, Lockheed Martin program director.

Predator can be fired safely from inside an enclosure, which is critical in close combat situations and urban warfare. The missile's inertial guidance system also provides 'fire-and-forget' capability, which protects the Marine by minimizing exposure to enemy counter-fire.

Lockheed Martin Missiles and Fire Control develops, manufactures and integrates world-class air defense, fire support, strike weapon, naval munition, combat vision, anti-armor and advanced product solutions and systems for U.S. and international armed forces.

Nettie Johnson, 407-356-5351
e-mail nettie.r.Johnson@lmco.com



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