LOCKHEED MARTIN ANNOUNCES INDUSTRY TEAM FOR JOINT AIR-TO-GROUND MISSILE PROGRAM

LOCKHEED MARTIN ANNOUNCES INDUSTRY TEAM FOR JOINT AIR-TO-GROUND MISSILE PROGRAM

ORLANDO, FL, October 8th, 2008 -- Lockheed Martin [NYSE: LMT] has announced the industry team it will lead to execute its recently awarded $122 million technology development contract for the Joint Air-to-Ground Missile (JAGM) system, the next-generation missile that will be carried on U.S. Armed Forces rotary-wing, fixed-wing and unmanned aerial system (UAS) platforms.

The 27-month contract is for a competitive risk reduction phase of the Armed Forces' next major missile program. Total production for six initial U.S. Army, Navy, and Marine Corps platforms is expected to be approximately 35,000 rounds.

"We are proud to announce our team for this extremely important program," said Rick Edwards, vice president for Tactical Missiles and Combat Maneuver Systems at Lockheed Martin Missiles and Fire Control. "Together, we will provide the lowest-risk and most affordable solution to get this much-needed capability to the field as soon as possible."

Lockheed Martin JAGM Industry Team:


JAGM Teammate Subsystem Location
Aerojet Rocket Motor Camden, AK
Roxel Propellant Summerfield, UK
General Dynamics Ordnance and Tactical Systems Multi-purpose Warhead
Niceville, FL
Lockheed Martin Tri-Mode Seeker Orlando, FL
Honeywell Inertial Measurement Unit Minneapolis, MN
L3 Focal Plane Array Cincinnati, OH
EMS Technologies Millimeter Wave Antenna Atlanta, GA
Marvin Engineering JAGM Launchers Inglewood, CA
Alliant TechSystems Aircraft Integration Woodland Hills, CA
Moog Control Actuation System Aurora, NY
PerkinElmer Warhead Firing Module Miamisburg, OH

"There is no question in my mind this is an outstanding team," Edwards said. "With respect to our competition, this is a challenge we welcome and are prepared to meet. We are eager to get down to the task at hand—working with our U.S. Navy, Army and Marine Corps partners to get this vital new capability into the hands of our nation’s Warfighters," he concluded.

JAGM will replace the HELLFIRE II and Longbow HELLFIRE missiles on the U.S. Army's Apache attack helicopter, the Warrior extended-range multi-purpose UAS, the Arapaho armed reconnaissance helicopter, the Marine Corps' Super Cobra attack helicopter and on the U.S. Navy's Seahawk armed reconnaissance helicopter. JAGM will also replace the Maverick missile on the F/A-18 Hornet jet fighter.

Potential extension to other platforms, such as the F-35 Joint Strike Fighter, and future international sales could push the total number of rounds much higher.

Headquartered in Bethesda, MD, Lockheed Martin is a global security company that 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. The corporation reported 2007 sales of $41.9 billion.

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