FORT WORTH, TX, May 13th, 2002 -- Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. [NYSE: LMT], recognized 105 employees for volunteer service of 250 hours or more in a calendar year. A total of 107 awards (two employees received two awards each) were presented during National Volunteers Week, and the 105 individuals were honored for contributing a total of 45,884 hours of service during 2001. This is up from the previous year in which the company made 89 awards for service of more than 43,000 hours.

Employees volunteered for a variety of non-profit agencies ranging from the Achievement Through Education Foundation to the YWCA. The Lockheed Martin recognition program provides a $250 gift on behalf of the employee volunteer to the agency receiving his or her service. An agency can receive multiple contributions depending on the number of employees each volunteering 250 hours to support that agency.

A total of 44 different non-profit agencies received company contributions ranging from $250 to $11,500. The total amount of gifts employees earned for their charities of choice in 2002 was $26,750.

"Two hundred and fifty hours of volunteer service is an outstanding achievement," said Ralph Heath, executive vice president of Operations. "The employees we are recognizing go above and beyond as matter of practice. Our communities benefit directly from them giving of themselves.

"Calendar year 2001 was a defining one in terms of how we react and respond to the needs of others. The events of 2001 proved that we are all interdependent, and we are proud of our employees for giving of themselves selflessly."

Lockheed Martin Aeronautics was recognized as "Business of the Year" by the Fort Worth Star-Telegram newspaper for its commitment to encouraging employee volunteerism. "That selection is a testament to our employees who freely donate their time to the service of others in activities throughout North Texas," said Norman Robbins, manager of Community Relations.

Most of the non-profit organization recipients received $250 contributions; however, several received larger gifts as a result of multiple employees donating their expertise. The Longhorn Council of the Boy Scouts of America received $11,500 as a result of the volunteer support of 46 employees.

"The Longhorn Council, serving Tarrant County and twenty-two others is very fortunate to have great volunteer leadership," said Dan Clifton, Scout Executive. "The leadership within Lockheed Martin is tremendous, and employees provide thousands and thousands of hours for the betterment of youth in Tarrant and surrounding counties. We are very thankful for their leadership and the monetary support resulting from their endeavors."

Lockheed Martin Aeronautics Co., headquartered in Fort Worth, Texas, is a leader in the design, development, systems integration, production and support of advanced military aircraft and related technologies. Its customers include the military services of the United States and allied countries throughout the world. Products include the F-16, F-22, JSF, F-117, C-5, C-27J, C-130, P-3 and U-2.

Norman Robbins(817) 777-8294norman.b.robbins@lmco.com