Lockheed Martin Announcement

Bethesda, MD, 19-JAN-04 --

Lockheed Martin Corporation [NYSE: LMT] announced today that the Securities and Exchange Commission declared post-effective amendment no. 1 to Lockheed Martin's shelf registration statement on Form S-3 effective on January 16, 2004. The registration statement and amendment relate to re-sales by holders of Lockheed Martin Floating Rate Convertible Senior Debentures due 2033. Lockheed Martin originally issued the debentures in a private placement in August 2003. This announcement is made pursuant to the registration rights agreement entered into in connection with the offering and does not constitute an offer to sell or the solicitation of an offer to buy securities.

Media Contacts:

Meghan Mariman, (301) 897-6195