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Lockheed Martin Introduces New Paveway Dual Mode Guided Bomb at Asian Aerospace

SINGAPORE, ASIA, February 25th, 2004 -- Lockheed Martin [NYSE: LMT] introduced its new Paveway Dual Mode Guided Bomb at the Asian Aerospace exhibition in Singapore.

"Lessons learned in Afghanistan and Iraq demonstrated a need for a weapon that provides all-weather accuracy with the ability to engage semi-mobile targets," said David Landis, Paveway Senior Business Development Manager for Lockheed Martin Missiles and Fire Control in Archbald, PA. "The combination of the Semi-Active Laser (SAL) seeker technology with Global Positioning System/Inertial Navigation System (GPS/INS) is affordable and will improve the accuracy and mission capabilities in an existing weapons configuration. The technologies are mature, affordable and proven in combat."

The Lockheed Martin Missiles and Fire Control Archbald location currently produces GBU-10, -12 and -16 Paveway II Laser Guided Bomb (LGB) kits for the U.S. Air Force, Navy and international customers.

Lockheed Martin received 100 percent of a Department of Defense supplemental appropriation last November to provide Paveway II laser guided bomb kits, replacing those expended in Operation Iraqi Freedom. On November 20, 2003, Hill Air Force Base in Ogden, UT, awarded Lockheed Martin a $56 million contract to produce laser guided bomb kits for the Air Force, and $53 million to provide kits for the U.S. Navy. This was in addition to a $106.6 million Air Force contract awarded in February 2003 to produce GBU-10, -12 and -16 laser guided bomb kits for both the Air Force and Navy. The Paveway II incorporates both a CCG (Computer Control Group) and Air Foil Group (AFG) for 500-, 1000- and 2000-lb. warheads that provides precision guidance. The Lockheed Martin Paveway Dual Mode Bomb provides increased accuracy with reduced number of sorties (20-50 percent) and collateral damage to accomplish mission requirements.

In Singapore: Joy Sabol, 321-276-2044; e-mail, joy.sabol@lmco.com

In Orlando: Jennifer Allen, 407-356-5351; e-mail, jennifer.l.allen@lmco.com



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