Lockheed Martin
today announced that it will conduct final assembly of its Kinetic Energy
Interceptor (KEI) in Courtland, AL, if selected by the Missile Defense Agency
(MDA) to proceed as prime contractor on the program.

The KEI program is currently in the Concept Design stage, with Lockheed
Martin and team member Boeing working under a $10 million study contract
awarded by MDA in March 2003. The program’s schedule calls for MDA to select
a single contractor to perform the Development and Test phase of the program
in late 2003.

“After a serious evaluation of the Lockheed Martin production facilities
throughout the United States, we determined that our Courtland facility would
be ideal for the production of the Kinetic Energy Interceptor,” said Ed
Squires, senior vice president – Air & Missile Defense for Lockheed Martin
Missiles and Fire Control. “We are committed to building on our presence in
Alabama due to the high quality of talent available and the positive business
environment, which ultimately benefits our customers.”

The Courtland facility employs approximately 45 people who support the
Boost Vehicle Plus (BV-Plus) program. Lockheed Martin currently employs more
than 1,200 people throughout the state of Alabama.

The Kinetic Energy Interceptor program will provide needed additional
capability to the nation’s Ballistic Missile Defense System. By engaging
ballistic missiles in the boost and ascent stages of flight, the KEI will
provide the nation with the capability of defeating future sophisticated
threats before their payloads are released.

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 production, advanced kill vehicles,
advanced sensor systems, infrared seekers, battle management command, control
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 is a global enterprise
principally engaged in the research, design, development, manufacture and
integration of advanced technology systems products and services.

For additional information on Lockheed Martin Corporation, visit our
website: www.lockheedmartin.com .