Lockheed Martin Press Releases

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01/09/12--00:00: Lockheed Martin Awarded $24 Million to Upgrade U.S. Air Force C-130 Training Devices (chan 2536905)

ORLANDO, Fla., January 9th, 2012 -- The U.S. Air Force awarded Lockheed Martin [NYSE: LMT] a $24 million contract to upgrade weapons systems trainers used in the C-130 Aircrew Training System (ATS) II.

The C-130 ATS II program provides a comprehensive academic and simulation training program for C-130 aircrews worldwide. The visual system and imagery databases in the weapons systems simulators will be updated to provide the most advanced and realistic training. The improvements are scheduled to take place through 2014.

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01/11/12--00:00: U.S. Air Force Awards Contract to Lockheed Martin for GPS III Launch and Checkout Capability (chan 2536905)

NEWTOWN, Pa., January 11th, 2012 -- The U.S. Air Force has awarded Lockheed Martin [NYSE: LMT] a $21.5 million contract to provide a Launch and Checkout Capability (LCC) to command and control all GPS III satellites from launch through early on-orbit testing.

The LCC, which will be integrated into the Raytheon-developed Next Generation Operational Control System (OCX), will ensure launch availability for the first GPS III satellite in 2014. The LCC includes trained satellite operators and engineering solutions in partnership with OCX to support launch, early orbit operations and checkout of all GPS III satellites before the spacecraft are turned over to Air Force Space Command for operations.

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01/11/12--00:00: Lockheed Martin Delivers First Two Marine Corps F-35s To Eglin (chan 2536905)

FORT WORTH, January 11th, 2012 -- The first two Lockheed Martin [NYSE: LMT] production model F-35B short takeoff/vertical landing (STOVL) aircraft were delivered to the U.S. Marine Corps today. The two jets are now assigned to the 2nd Marine Aircraft Wing's Marine Fighter/Attack Training Squadron 501 residing with the host 33d Fighter Wing at Eglin AFB, Fla.

The aircraft, known as BF-6 and BF-8, flew separately arriving at 3:13 p.m. and 4:39 p.m. CST respectively after their approximate 90-minute ferry flights from Fort Worth, Texas. U.S. Marine Corps Maj. Joseph Bachmann piloted BF-6 while U.S. Marine Corps Lt. Col. Matt Taylor flew BF-8. Both 5th Generation fighters will be used for pilot and maintainer training at the new F-35 Integrated Training Center.

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01/12/12--00:00: U.S. Air Force Awards Lockheed Martin Contract for Third and Fourth GPS III Satellites (chan 2536905)

NEWTOWN, Pa, January 12th, 2012 -- The U.S. Air Force has awarded Lockheed Martin [NYSE: LMT] a $238 million contract for production of the third and fourth satellites in the next-generation Global Positioning System (GPS) constellation, known as GPS III. The acquisition of the next two GPS III satellites at one time will allow the Lockheed Martin-led team to maximize efficiencies in satellite manufacturing.

The GPS III program will affordably replace aging GPS satellites while improving capability to meet the evolving needs of military, commercial and civilian users worldwide. GPS III satellites will deliver better accuracy and improved anti-jamming power while enhancing the spacecraft’s design life and adding a new civil signal designed to be interoperable with international global navigation satellite systems.

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01/12/12--00:00: Lockheed Martin F-35 Program Exceeds 2011 Flight Test Goals (chan 2536905)

FORT WORTH, January 12th, 2012 -- The Lockheed Martin [NYSE: LMT] F-35 System Development and Demonstration 2011 flight test program resulted in the completion of more test flights and test points than in any year.

The 2011 flight test plan called for the accumulation of 872 flights and 6,622 test points by Dec. 31. For the year, the SDD program flew 972 flights and tallied 7,823 test points. The F-35A Conventional Takeoff and Landing (CTOL) variant flew 474 flights and accomplished 3,600 test points. The F-35B Short Takeoff/Vertical Landing (STOVL) variant accomplished 333 flights and 2,636 test points. The F-35C Carrier Variant (CV) flew 165 flights and tallied 1,587 test points. Along with this, the STOVL executed 268 vertical landings. The cumulative 2011 milestones were achieved through a combination of planned test flights and test points along with test flights and test points added throughout the year.

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01/17/12--00:00: Lockheed Martin’s Lufkin Facility Named One of America’s Top 10 Best Plants By IndustryWeek Magazine (chan 2536905)

LUFKIN, TEXAS, January 17th, 2012 -- Lockheed Martin’s [NYSE: LMT] Lufkin Operations was selected as one of IndustryWeek magazine’s “Top Ten Best Plants” for 2011.

IndustryWeek’s Best Plants program, which honors 10 winners each year, recognizes world-class plants on the leading edge of manufacturing and operational excellence, with ongoing efforts to increase competitiveness, enhance customer satisfaction and create stimulating and rewarding work environments.

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01/17/12--00:00: Lockheed Martin Acquires Procerus Technologies (chan 2536905)

Strategic Acquisition Strengthens Corporation’s Unmanned Aircraft Systems Capabilities

BETHESDA, Md., January 17th, 2012 -- Lockheed Martin [NYSE: LMT] today announced the acquisition of Procerus Technologies, a company specializing in autopilot and other avionics for micro unmanned aerial systems. The terms of the agreement were not disclosed, but are not material to Lockheed Martin’s results.





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01/17/12--00:00: Lockheed Martin Acquires Procerus Technologies (chan 2536905)

Strategic Acquisition Strengthens Corporation’s Unmanned Aircraft Systems Capabilities

BETHESDA, Md., January 17th, 2012 -- Lockheed Martin [NYSE: LMT] today announced the acquisition of Procerus Technologies, a company specializing in autopilot and other avionics for micro unmanned aerial systems. The terms of the agreement were not disclosed, but are not material to Lockheed Martin’s results.





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01/17/12--00:00: Missile Defense "National Team" Awarded C2BMC Contract (chan 2536905)

Lockheed Martin-led team provides continuity of development and sustainment

ARLINGTON, Va., January 17th, 2012 -- Lockheed Martin (NYSE:LMT), as prime contractor leading a consortium of five major defense contractors, has been awarded a follow-on contract with an estimated value of $980M to continue work on the Command, Control, Battle Management and Communications program for the Missile Defense Agency. The contractors, known as the Missile Defense National Team, will continue development, operations, and sustainment work.

“The team is providing in-depth technical knowledge to achieve the newest, most evolved capabilities for the Ballistic Missile Defense System,” said John Osborn, director of Missile Defense Systems for Lockheed Martin IS&GS-Defense. “The historical knowledge of the mission, along with our proven implementation of creative solutions, as developed on C2BMC since 2002, will result in continuity of operations for the fielded C2BMC capabilities located worldwide and evolving challenges to come.”

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01/17/12--00:00: Lockheed Martin Missile Defense Programs Achieve Significant Milestones In 2011 (chan 2536905)

BETHESDA, Md., January 17th, 2012 -- Lockheed Martin-developed [NYSE: LMT] missile defense system elements achieved 16 significant milestones during 2011, further solidifying the corporation’s position as a leader in ballistic missile defense (BMD).

With proven solutions and an unparalleled BMD hit-to-kill intercept record, Lockheed Martin systems address the ascent, midcourse and terminal phases to support the U.S. Missile Defense Agency’s (MDA) layered Ballistic Missile Defense System (BMDS) today and into the future.

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