KUWAIT CITY, 09-APR-07 --

Lockheed Martin [NYSE: LMT] completed the first major milestone of its offset project to provide the Australian College of Kuwait a state-of-the-art Maritime Simulation and Training Facility at the Middle East Regional Offset Conference (MEROC).

At the MEROC, William Vickroy, manager of International Business Development for Lockheed Martin, presented the proprietary designs and technical information for the system to Dr. Jenny Hewson of the Australian College of Kuwait. Also attending the conference from National Offset Company, which manages the offset program of Kuwait, were Dr. Adel Omer Asem, chairman of the Board, and Mazen Madooh, general manager.

“Lockheed Martin is delighted to complete this major milestone in our project to provide Kuwait with a state-of-the-art simulation and training center,” said Vickroy. “The delivery of these proprietary technical designs and information allows us to proceed with the development and manufacturing of the integrated simulation system that will be installed at the college.”

Madooh expressed his satisfaction with the timely implementation of this project by saying, “The Simulation and Training Center at the Australian College will make Kuwait a regional center for training in the maritime industry and create additional employment opportunities for Kuwaitis.”

Lockheed Martin’s offset commitment is the result of the Kuwait Ministry of Defense’s purchase of Hellfire® and Longbow™ missiles; Longbow™ Fire Control Radars; Arrowhead® M-TADS/PNVS; TEDAC and M299 missile launchers™ for installation on the AH-64 Apache helicopters.

The project involves the construction of a dedicated three-story complex that will house specialized maritime simulation equipment installed by Lockheed Martin Maritime Systems & Sensors. The Lockheed Martin Vessel Traffic Management System training simulator will be the main element integrated into the overall system. The Simulation and Training Center will provide the Australian College of Kuwait (ACK) a facility and system that supports the maritime and engineering programs offered by the college. The Center is also designed to provide specialized ancillary training for the Kuwait Defense Forces and maritime security organizations.

The Australian College of Kuwait (ACK) provides internationally recognized vocational education and training to the maritime, engineering and management sectors. The college is physically located in the State of Kuwait, and is attracting students throughout the Gulf region. ACK already has more than 1,300 students, with capacity for expansion. ACK curriculum targets three broad fields: maritime, engineering and management. The college currently offers a two-year technical degree and an accredited four-year bachelor’s degree.

The project is an excellent example of how international companies can meet the objectives of the offset program by injecting capital, equipment and technology transfer into the development of the education and training sector to produce highly skilled technicians for the Kuwait civil and defense industries.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration and sustainment of advanced technology systems, products and services.