LOCKHEED MARTIN INCREASES QUARTERLY DIVIDEND BY 9 PERCENT

BETHESDA, MD, 23-JAN-03 -- Lockheed Martin's [NYSE:LMT] board of directors today declared a regular quarterly dividend on the Corporation's common stock and increased the quarterly dividend amount by 9 percent, to 12 cents per share. The dividend is payable March 31, 2003 to holders of record on March 3, 2003.

Media Contacts:

Media Contact:
Tom Jurkowsky, 301-897-6352
e-mail, thomas.jurkowsky@lmco.com

Investor Contacts:
James R. Ryan, 301-897-6534
e-mail, james.r.ryan@lmco.com

Randa Middleton, 301-897-6455
e-mail, randa.c.middleton@lmco.com