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Lockheed Martin Delivers First PAC-3 Missiles from New Production Facility in Camden, ARK. on Schedule and on Budget

DALLAS, TX, June 26th, 2002 -- Lockheed Martin recently delivered the first Patriot Advanced Capability-3 (PAC-3) Missiles from its new production facility in Camden, Ark., on schedule and on budget. A single four-pack of PAC-3 Missiles, containing two PAC-3s and two missile simulators, was delivered to the U.S. Army at the end of May. The first tactical PAC-3 Missile four-pack is scheduled for delivery from Lockheed Martin Missiles and Fire Control's Camden Operations within the month. The PAC-3 Missile Low-Rate Initial Production-1 (LRIP-1) contract calls for the delivery of 32 PAC-3 Missiles, 11 Patriot Launcher Modification Kits and 18 Fire Solution Computers.

Eight of the Launcher Modification Kits and all of the Fire Solution Computers on the LRIP-1 contract have already been delivered. The final missile delivery for LRIP-1 will occur by the end of the year. The Launcher Modification Kits and Fire Solution Computers are fabricated and assembled at the Missiles and Fire Control facility in Lufkin, Texas.

"The grand opening of our PAC-3 Missile All-Up Round facility in Camden was in March, and we're now seeing the first production missiles coming off that line," said Steve Graham, PAC-3 Missile program director for Lockheed Martin Missiles and Fire Control. "These missiles were delivered on schedule and on budget, and we're pleased that this new facility is up and running efficiently."

Lockheed Martin Missiles and Fire Control, Dallas, Texas, is the prime contractor responsible for the PAC-3 Missile segment upgrade to the Patriot air defense system, which consists of the PAC-3 Missile, the missile canisters, the Fire Solution Computer and the Enhanced Launcher Electronics System.

The PAC-3 System is managed by the U.S. Army's Lower Tier Project Office, and is sponsored by the Missile Defense Agency (MDA). The PAC-3 Missile entered the Low-Rate Initial Production phase in late 1999. The first production PAC-3 Missiles were delivered to the Army in September 2001. Lockheed Martin Missiles and Fire Control officially opened the new PAC-3 Missile All-Up Round production facility in Camden, Ark., on March 8, 2002.

The PAC-3 Missile is a high velocity, hit-to-kill missile and is the next generation Patriot missile being developed to provide increased capability against advanced theater ballistic missiles, cruise missiles and hostile aircraft. The PAC-3 Missile defeats incoming targets by direct, body-to-body impact. The PAC-3 Missiles, when deployed in a Patriot battery, will significantly increase the Patriot system's firepower, since 16 PAC-3 Missiles load-out on a Patriot launcher, compared with four of the PAC-2 Patriot missiles.

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.

Craig Vanbebber
Office, 972-603-1615
Mobile, 214-534-1921
e-mail craig.vanbebber@lmco.com



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