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Lockheed Martin Receives $178.5 Million NASA Contract Extension

Greenbelt, Md., July 28th, 2004 -- Lockheed Martin (NYSE: LMT) today announced that it has been awarded a $178.5 million, two-year contract extension from NASA for Space Shuttle and International Space Station mission operations support work.

Lockheed Martin Space Operations (LMSO) will perform the work on the Mission Support Operations Contract (MSOC). This contract extension exercised by NASA, brings the total contract value to $246,298,890.

Under the MSOC, LMSO will provide space operations and data services support for Space Shuttle missions and International Space Station expeditions. These services include mission operations and planning ground systems support for the Mission Control Center at Johnson Space Center (JSC) in Houston, as well as ground systems services for JSC’s Emergency Operations Center, the Electronic System Test Laboratory and Space Communications Integration. LMSO will also provide ground system services for the Houston Support Room/Backup Command and Control Center in Russia, and an Integrated Planning System.

"It’s an honor to have our performance recognized by this contract extension,” said Lockheed Martin Space Operations President Ken Reightler. “We look forward to the opportunity to continue to team with our NASA customer during the space shuttle return to flight and the completion of the International Space Station.”

Lockheed Martin Space Operations (LMSO) is a high-technology company specializing in space-related support services for primarily government customers that bring low-price, one-stop shopping in the following core competencies: Project Management; Systems Engineering and Integration; Earth, Space, and Life Sciences; Software Development and Information Technology; and On-site Operational Support Services. LMSO's 3,000 employees include engineers, scientists, systems analysts, technicians, and support personnel at eight NASA centers, and other locations across the country.

Meghan Mariman, Director, Communications, (301) 313-3915, meghan.mariman@lmco.com

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