MOORESTOWN, NJ, June 10th, 2002 -- Whitesell Construction Company broke ground today for a new Technology Campus for Lockheed Martin that will support the company's move to collocate its engineering design teams engaged in naval electronics systems design and integration. New Jersey Congressmen Jim Saxton (NJ-3rd) and Rodney P. Frelinghuysen (NJ-11th) participated in the event in Mount Laurel and later toured the company's nearby main complex in Moorestown. The new campus in Mt. Laurel will comprise three leased office buildings that allow Lockheed Martin to consolidate its design engineering teams into one hub.

"All of us are looking forward to this new Tech Campus," said Fred Moosally, president of the Surface Systems unit of Lockheed Martin's Naval Electronics & Surveillance Systems (NE&SS) in Moorestown. "This new campus allows us to unite our engineering teams from 11 different buildings in seven different locations into one that promises more efficiency, increased productivity and better service for our customers."

The Tech Campus will be equipped with the latest information technology infrastructure and feature a full-range of meeting spaces. Lockheed Martin will bring together approximately 1,200 engineers and other professional staff into the 240,000 square foot campus in June 2003.

Lockheed Martin NE&SS provides surface ship and submarine weapon systems, antisubmarine warfare and ocean surveillance systems, missile launching systems, radar and sensor systems, ship systems integration services and other advanced systems and services to customers worldwide. NE&SS is a unit of Lockheed Martin Corporation (NYSE: LMT) headquartered in Bethesda, MD. The corporation's principal business areas are aeronautics, space, systems integration and technology services.

Andrea Lawrence, 856-722-4922; mobile 609-304-3890; andrea.j.lawrence@lmco.com