Lockheed Martin Receives $60 Million Worldwide LANTIRN Depot Award

ORLANDO, FL, 07/08/2009 -- The U.S. Air Force has awarded Lockheed Martin [NYSE: LMT] a five-year, $60 million contract to continue depot maintenance support for LANTIRN navigation and targeting pods at the Lockheed Martin Warner Robins Worldwide Depot. The depot supports repairs on LANTIRN pods for both U.S. Air Force and foreign military sales customers.

LANTIRN navigation and targeting pods provide aviators with enhanced range, resolution and reliability. Under provisions of the contract, Lockheed Martin will continue to operate the government-owned Worldwide Depot at Warner Robins Air Force Base, GA, through 2014.

"Lockheed Martin is proud of its 11-year partnership with the Warner Robins Air Logistics Center to keep LANTIRN pods available and battle-ready," said David Ragsdale, LANTIRN product support manager at Lockheed Martin Missiles and Fire Control. "Our depot employees and U.S. Air Force team provide quick-turn repairs on LANTIRN assets with a commitment to quality. We "proud to be given the opportunity to continue this support."

The Worldwide Depot is located alongside the Warner Robins Air Logistics Center, strengthening a close partnership that has been a key factor in achieving LANTIRN fully-mission capable rates exceeding 90 percent.

"The renewal of this contract represents much more than the renewal of the successful public-private partnership between the U.S. Air Force and Lockheed Martin," said Marty Hutchinson, Air Force Precision Attack System program director at Warner Robins AFB. "It represents the continuation of our joint commitment to meeting the worldwide mission needs of LANTIRN Warfighters by providing them timely and highly effective LANTIRN support."

LANTIRN Extended Range (ER), an upgraded version of the highly successful LANTIRN, allows aircrews to operate in daylight or darkness, at mission altitudes from sea level to 40,000 feet, all with outstanding targeting performance. LANTIRN ER is offered as a newly fabricated pod, or as an upgrade to existing pods. The LANTIRN ER targeting pod is deployed and combat-proven on the U.S. Navy S-3B, and is integrated and tested on the P-3.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 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 2008 sales of $42.7 billion.

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