Hellfire Systems LLC Awarded $12.4 Million for Hellfire II Missiles With Blast /Frag Warheads

ORLANDO, FL, September 10th, 1998 -- Hellfire Systems, Limited Liability Company, a Lockheed Martin/Boeing joint venture, has been awarded a U.S. Army contract potentially worth $12.4 million, to deliver 100 Hellfire II missiles with blast fragmentation warheads. The contract also calls for delivery of 100 inert training missiles.

The blast fragmentation warhead is optimized to defeat smaller naval targets as well as non-armor land targets. The current Hellfire missile utilized by the U.S. Army, U.S. Marine Corps and allied nations is equipped with an armor-piercing warhead. This contract signals broadened Hellfire II anti-ship applications for the U.S. Navy and Marine Corps. International customers have expressed interest as well.

The Hellfire II Blast/Frag warhead was developed by Lockheed Martin and Orlando Technology, Inc.

Contracted work will take place in Orlando, Ocala and Duluth, Georgia and is expected to be completed by May 31, 2000.

With headquarters in Orlando, Lockheed Martin Missiles and Fire Control is a world leader in electro-optics, smart munitions, anti-armor and air defense systems.  The company is an operating element of Lockheed Martin Electronics Sector, based in Bethesda, Maryland.

Boeing North American, Inc. is a wholly owned subsidiary of the Boeing Company. Boeing North American, Inc. participates in the following market segments: space systems; power and propulsion; satellites; missile defense systems; aircraft and aerostructures; aircraft modification; guidance and navigation; command, control and communications; ship systems; tactical missiles; and radar and electro-optical sensors. The subsidiary has its headquarters in Seal Beach, California.

Nettie Johnson, 407-356-5351e-mail nettie.r.johnson@lmco.com