Lockheed Martin and
Spectrum Astro today announced a partnership agreement to pursue the
development of GPS III, the next generation global positioning satellite
system. This team is intensely focused on meeting the government’s
challenging requirement of this critical asset, and is committed to providing
a solution that includes hyper-accurate positioning, velocity and timing data
with confidence and security.

“Lockheed Martin brings a wealth of experience and advanced technology to
the table, as well as expertise in integrating large, complex systems. The
outcome of this partnership will be a team the government can rely on to
provide an incredibly more capable GPS system,” said John Sundquist, Vice
President of Lockheed Martin Navigation Systems.

“We created this team because we realized that the combined team could do
a better job than either company alone,” said Dave Thompson, President of
Spectrum Astro. “We employ an aggressive and modern approach to building
space hardware. Our approach, coupled with Lockheed Martin’s proven
expertise, creates a compelling, powerful team to address the critical needs
of our nation.”

GPS III will address the challenging military transformational and civil
needs across the globe, including advanced anti-jam capabilities, improved
system security and accuracy, and reliability. The new satellite system will
enhance space-based navigation and performance and set a new world standard
for positioning and timing services. The team selected to meet this challenge
will provide system and sustaining engineering, satellite development and
production, Control Segment upgrades, and continuous research and development
for this evolutionary system.

Spectrum Astro, headquartered in Gilbert, Arizona, is a privately held,
rapidly-growing high technology company, specializing in the design,
development, integration, testing, and production of high performance space-
based satellite systems and subsystems. For more information, visit
www.spectrumastro.com

Headquartered in Bethesda, Maryland, Lockheed Martin employs
about 125,000 people worldwide and is principally engaged in the research,
design, development, manufacture and integration of advanced technology
systems, products and services. The Corporation reported 2002 sales of $26.6
billion. For more information, visit www.lockheedmartin.com