Space

LOCKHEED MARTIN DELIVERS 500TH PAC-3 MISSILE TO THE U.S. ARMY

DALLAS, TX, August 16, 2007 --

Lockheed Martin [NYSE: LMT] recently recognized delivery of the 500th PAC-3 Missile to the U.S. Army during a celebration at the PAC-3 Missile production facility in Camden, AR. PAC-3 Missiles have been delivered and deployed around the world with U.S. forces and U.S. allies.

The PAC-3 Missile is currently the world’s only fielded pure kinetic energy air defense missile. Production of all equipment is done at Lockheed Martin manufacturing facilities in Dallas and Lufkin, TX, Chelmsford, MA, and the PAC-3 All-Up Round facility in Camden, AR.

“Our highest priority is ensuring that U.S. Warfighters and our allies around the world receive a missile defense system that they can depend on,” said Richard McDaniel, director of PAC-3 Programs at Lockheed Martin Missiles and Fire Control. “This important production milestone was made possible through the commitment of the PAC-3 Production team at Lockheed Martin and all of the 225 suppliers and subcontractors across approximately 25 States that remain focused on delivering this combat proven missile to our customers.”

“The delivery of the 500th PAC-3 Missile marks a significant milestone in the PAC-3 Program,” said LTC Tony Brown, PAC-3 product manager, Lower Tier Project Office. “It signifies commitment, teamwork and success for the PAC-3 Team and Program. The PAC-3 Missile offers the Warfighters confidence and dependability. Its legacy speaks for itself.”

In 2006, Lockheed Martin’s Camden Operations was selected as one of INDUSTRYWEEK magazine’s “Top Ten Best Plants” for 2006. The Camden plant was selected from more than 200 potential candidate facilities across North America.

Lockheed Martin achieved the first-ever hit-to-kill intercept in 1984 with the Homing Overlay Experiment, using force of impact alone to destroy a mock warhead outside of the Earth’s atmosphere. Further testing produced today’s PAC-3 Missile, which won a competition in 1993 to become the first hit-to-kill interceptor produced by the U.S. government. The PAC-3 Missile has been the technology pathfinder for today’s modern missile defense systems. Currently, the Lockheed Martin-developed Aegis Weapon System, PAC-3 Missile, the Terminal High Altitude Area Defense (THAAD) Weapon System, the Medium Extended Air Defense System (MEADS) and the Multiple Kill Vehicle (MKV) are building on this proven advanced technology to deliver lethality against today’s most dangerous threats.

Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile defense system. It also has considerable experience in missile design and production, infrared seekers, command and control/battle management, and communications, precision pointing and tracking optics, as well as radar and signal processing. The company makes significant contributions to all major U.S. missile defense systems and participates in several global missile defense partnerships.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Contact:
Craig Vanbebber, (972) 603-1615
e-mail craig.vanbebber@lmco.com