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LOCKHEED MARTIN AWARDED $119.4 MILLION ADVANCED DISPLAY SYSTEM CONTRACTS

EAGAN, MN, October 6th, 2005 -- The U.S. Navy has awarded Lockheed Martin [NYSE: LMT] two contract awards totaling $119.4 million for the continued production of advanced naval displays.

The awards are a follow-on to the AN/UYQ-70 Advanced Display Systems program contract initially awarded to Lockheed Martin in 1994. This indefinite delivery/indefinite quantity contract covers a five-year period and has an estimated value of $500 million.

“We offer the U.S. Navy proven performance based on more than 40 years of working to develop and support ruggedized naval computing and display platforms,” said Rick Ambrose, vice president and general manager of Lockheed Martin Maritime Systems & Sensors’ Tactical Systems line of business. “Through the AN/UYQ-70 program, the Navy is assured computing and display capability that delivers the highest performance by capitalizing on commercial technology.”

Under the original AN/UYQ-70 contract, Lockheed Martin and industry partner DRS Technologies developed and provided ruggedized, COTS-based tactical display and computing systems that support common operating environments in surface, subsurface and airborne platforms. These workstations are installed on board the Aegis-equipped surface combatants, Virginia- and Los Angeles-class attack submarines, E-2C Hawkeye aircraft, aircraft carriers, amphibious ships and ground mobile units. In partnership with the Navy, the industry team continues to upgrade these units with the latest commercial technologies through an ongoing technical refresh program. The use of COTS equipment in place of specialized hardware and software has reduced program costs by more than $1.5 billion over 11 years.

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Media contact: Sheri Grone, Lockheed Martin 651-456-2210, e-mail: sheri.t.grone@lmco.com



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