JOHNSON CITY, NY, September 9th, 1998 -- Lockheed Martin Control Systems and Woodward Governor Company have formed a limited-liability corporation to provide aero-engine control systems design, integration, manufacturing and product support. The joint venture, called AESYS, is a further step in the strategic relationship between Lockheed Martin and Woodward first announced at Farnborough '96. AESYS (pronounced aces) brings together two of the largest independent producers of aircraft engine control system products: Lockheed Martin Control Systems for its electronics capability and Woodward for its mechanical expertise. The venture will have full access to Lockheed Martin facilities in Johnson City, New York, and Fort Wayne, Indiana, and Woodward facilities in Rockford, Illinois, Buffalo, New York, and Zeeland, Michigan. These facilities offer a full suite of electronic bench and system test facilities to enhance system development and integration.

"AESYS breaks new ground in the engine control and accessory industry," said James Scanlon, president of Lockheed Martin Control Systems. "Our strategic partnership will offer global customers the most comprehensive systems available and will allow us to provide world-class aftermarket sales and service." Said Phil Turner, vice president and general manager of Woodward Aircraft Engine Systems: "AESYS systems will be the most advanced in the industry and provide our customers the best value. We intend to pursue the clear opportunities to further expand our systems offerings through working with other industry leaders."

AESYS currently is developing an advanced actuation control system for a large turbofan engine and will deliver a prototype later this month. The venture also has been selected to team with the Oklahoma City Air Logistics Center at Tinker Air Force Base to support privatization of TF39 fuel accessories maintenance, repair and overhaul at Kelly Air Force Base.

Lockheed Martin Control Systems is a world leader in electronics systems for global defense, civil and commercial markets. Control Systems designs and manufactures flight-critical fight, mission and engine controls for the world aircraft and space market. Control products from Lockheed Martin are aboard the C-17, F/A18, JAS39, V-22, Airbus and Boeing airplanes, and Titan IV launch vehicles. The company also produces electronic controls for the locomotive industry and the emerging electric vehicle market.

Woodward provides innovative engine controls and fuel delivery systems designed for a wide variety of applications. Serving global markets with locations worldwide, the company is a leading producer of control systems and components for aircraft and industrial engines and turbines. In addition to the aviation industry, the company's products and services are used in the marine, locomotive, large off-road vehicle, power generation, gas generation, and process manufacturing industries.