U.S. Navy Selects Lockheed Martin to Continue Development of Secure Information Sharing System

San Diego, Calif., 07/14/2009 --

The U.S. Navy has awarded Lockheed Martin [NYSE: LMT] an indefinite-delivery indefinite quantity (IDIQ) contract to continue the development of Radiant Mercury, a secure Multi-National Information Sharing system used by the Department of Defense. Considered to be one of the premier cross-domain solutions, Radiant Mercury is a critical component of many security domains used by DoD, national intelligence agencies, as well as U.S. coalition partners.

This IDIQ contract entails field support for 483 Radiant Mercury systems worldwide, as well as continued enhancement to the system's capabilities. Lockheed Martin's team will support approximately 80 task orders per year which have a contract ceiling of approximately $74M over the five-year time period. Three initial task orders were received with a potential value of $3.5M.

"Radiant Mercury bridges a gap in intelligence sharing," said Jim Quinn, vice president of C4ISR Systems for Lockheed Martin's IS&GS-Defense. "Since developing the system in 1992, we have met the operational needs of our customers throughout the world. We will continue to evolve the system to ensure that critical data is accessible to those who need it most."

Radiant Mercury incorporates a suite of high-assurance, trusted, network-encryption technologies that "guards" classified and sensitive data from unauthorized access while protecting networks from intended/unintended corruption by ‘malicious' or hidden code.

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.

Media Contacts:

Suzanne Smith, 303-932-5230; e-mail, suzanne.m.smith@lmco.com