Bethesda, MD, 07/14/2008 -- Lockheed Martin Corporation [NYSE: LMT] has pledged $1,000,000 as the major sponsor of the Operation Homefront Village - DC. As part of its United in Gratitude initiative, Lockheed Martin has provided extensive support to Operation Homefront and other organizations that provide direct assistance to military servicemen and women.

Lockheed Martin never forgets the sacrifices made by our service members and their families and the debt that we owe them for our freedom, said Bob Stevens, Lockheed Martin Chairman, President and CEO. With our partner Operation Homefront, we take a major step forward in providing for those who have paid the price for protecting freedom. As our wounded warriors make the transition from the military back to civilian life, Lockheed Martin offers its thanks and gratitude, said Stevens.

To welcome the families into their new homes, Lockheed Martin volunteers will help move families into the apartment complex.

Following a dedication ceremony on Tuesday, the apartment complex will be officially opened and available for military families who have been chosen as recipients of the complimentary housing.

Operation Homefront Village - DC provides a rent-free housing option for service members who are unable to find affordable housing following their disability leave, discharge or retirement from active duty. Following a successful launch of the housing program in San Antonio, the Operation Homefront Village - DC is the second of its kind and will be located in Silver Spring, Md. In addition to the complex amenities such as a community center and family-friendly technology center, the two to three bedroom apartment units will be fully furnished for the guest families.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.