SYRACUSE, NY, March 16th, 2010 -- The U.S. Navy awarded Lockheed Martin [NYSE: LMT] a sole source indefinite-delivery-indefinite-quantity contract for Symphony Radio Controlled Improvised Explosive Device (RC-IED) Defeat jammer systems.  With an initial task order valued at $40.8 million, the contract runs through September 2014 and has a ceiling value of $940 million.

The Symphony systems are U.S. Government-approved for sale through the Foreign Military Sales program to allied, coalition and partner nations for operations in Iraq, Afghanistan and other nations.

MARINETTE, WI, March 15th, 2010 -- Marinette Marine Corporation, a member of the Lockheed Martin [NYSE: LMT]-led Littoral Combat Ship (LCS) industry team, recently broke ground for an expansion to nearly double the size of its main indoor ship construction building – an investment to support the construction of the U.S. Navy’s LCS.

The expansion will provide enough indoor space to simultaneously house two complete LCS hulls and parts for two additional ships. The building enhancements also allow greater use of Marinette Marine’s proven modular construction process, which will enable the Lockheed Martin team to construct LCS more cost effectively.

SUFFOLK, VA., March 15th, 2010 -- The U.S. Joint Forces Command is testing a brand new video intelligence system delivered by Lockheed Martin [NYSE:LMT] that will help commanders take better control of the flood of video being generated on the modern battlefield. The Valiant Angel system uses broadcast television technology to help commanders collect, archive, search, analyze and share full-motion video.

This first Valiant Angel system was delivered just over 90 days after contract award. Joint Forces Command awarded a team comprised of Lockheed Martin, Harris Corporation and NetApp a $29 million contract to develop the system in September. The Valiant Angel Network Operations Center and first node was delivered on December 4th to the Command's Joint Intelligence Laboratory, where it is undergoing integration testing in advance of a planned deployment to Afghanistan this spring.

Bethesda, MD, March 15th, 2010 -- Lockheed Martin (NYSE: LMT) today announced that Christopher Gregoire has been named Vice President and Controller effective Mar. 29, 2010.

Gregoire will succeed acting Controller Mark Bostic. Bostic will continue his position as Vice President, Accounting, for the Corporation after serving more than seven months in the capacity of acting Controller.

NAVAL AIR STATION PATUXENT RIVER, Md, March 11th, 2010 -- The first Lockheed Martin [NYSE:LMT] F-35B Lightning II stealth fighter passes overhead at 40 knots (46 mph) prior to a slow landing at Naval Air Station Patuxent River, Md., on Wednesday, March 10. The flight was one of the last missions before the aircraft's first vertical landing, and confirmed the jet's power and controllability at very low speeds. The aircraft's short takeoff/vertical landing (STOVL) propulsion system generates more than 41,000 pounds of vertical thrust, and enables airspeeds from zero to Mach 1.6. The F-35B will be flown by the United States Marine Corps, the United Kingdom's Royal Air Force and Royal Navy, and the Italian Air Force and Navy. It will be capable of operating from small ships and austere bases near front-line combat zones. F-35 Lead STOVL Pilot Graham Tomlinson was at the controls for Wednesday's flight. (U.S. Navy photo by Randy Hepp)

F-35 and Lightning II are trademarks of Lockheed Martin Corporation.

ORLANDO, FL, March 11th, 2010 -- The U.S. Army awarded Lockheed Martin [NYSE: LMT] a contract to support the Target Acquisition Designation Sight/Pilot Night Vision Sensor (TADS/PNVS) and Modernized TADS/PNVS (M-TADS/PNVS) systems on the AH-64 Apache helicopter at the Arizona Support Center (ASC). The contract has a potential value of $36.8 million for the next three years.

Located in Gilbert, AZ, the Arizona Support Center inducts, refurbishes and modifies legacy TADS/PNVS components to incorporate into the modernized system (M-TADS/PNVS). The contract includes fielding activities associated with the modernization effort. Fielding activities will include sending a team of Orlando-based product support technicians to U.S. Army Apache locations worldwide to install and test newly modified M-TADS/PNVS systems on the aircraft.

SUNNYVALE, Calif., March 11th, 2010 -- Lockheed Martin Space Systems Company, a core business area of the Lockheed Martin Corporation [NYSE: LMT], announced today that it has been selected by GeoEye, Inc. (NASDAQ: GEOY) to build the company's next-generation, high-resolution Earth imaging satellite system known as GeoEye-2. Financial terms are not being disclosed at this time.

Lockheed Martin has begun start-up activities and procurement of long-lead components to support the earliest possible launch date for GeoEye-2. This effort will lead to a contract award for the design, engineering and manufacturing of the satellite and the associated command and control system.

MOORESTOWN, NJ, March 11th, 2010 -- Lockheed Martin (NYSE: LMT), in support of the U.S. Navy, successfully completed Combat System Ship Qualification Trials (CSSQT) for Aegis Combat Systems installed aboard U.S. and Spanish navy ships. The last time these two nations participated in a combined CSSQT was in 2007.

The latest event was conducted at sea last week in the vicinity of Pt. Mugu, CA and involved U.S. Navy destroyers USS Dewey (DDG 105) and USS Wayne E Meyer (DDG 108) along with the Spanish Navy frigate Alvaro de Bazan (F-101).

WASHINGTON, D.C, March 11th, 2010 -- An industry Mentor-Protégé agreement between Lockheed Martin [NYSE: LMT] and Aegisound LLC of Blacksburg, Va., was recognized with a Department of Defense Nunn-Perry Award in ceremonies yesterday evening.

Under the agreement, Lockheed Martin has assisted Aegisound in developing its capabilities as a supplier of advanced hearing-protection devices for personnel working in harsh noise environments. Hearing-protection devices from Aegisound are planned for use on aircraft carrier decks during Navy operations with the F-35 Lightning II Joint Strike Fighter aircraft and will help preserve the hearing of service men and women.

BALTIMORE, March 10th, 2010 -- The U.S. Navy recently awarded Lockheed Martin [NYSE: LMT] a $17 million contract to provide engineering design services for the MK 41 Vertical Launching System (VLS) on the U.S. Navy’s Ticonderoga-class cruisers and Arleigh Burke-class guided missile destroyers.

The cost-plus-fixed fee contract combines purchases for the U.S. Navy and eight Allied navies under the Foreign Military Sales program. Included in the work is missile integration, software development, integration of VLS into new ships, technical refresh, systems engineering and life cycle support for MK 41 VLS.