Lockheed Martin Submits Proposal to U.S. Navy to Consolidate Shipboard Computer Networks

SAN DIEGO, September 12, 2011 --

Lockheed Martin [NYSE: LMT] submitted its proposal for the Consolidated Afloat Networks and Enterprise Services (CANES) program that will consolidate complex network systems into one modern shipboard computing system for the U.S. Navy.

The CANES program will increase network reliability, while being flexible enough to quickly adapt to future requirements. By consolidating dozens of legacy systems into one, the Navy expects to reduce ownership costs and make maintenance easier.

"Our CANES proposal reflects more than 60 years experience in providing computing and network infrastructure to the U.S. Navy," said Joe Villani, vice president of CANES for Lockheed Martin's Mission Systems & Sensors business. "Combined with our commercial off-the-shelf-insertion business model, Lockheed Martin is uniquely positioned to deliver a modern, cost-effective information-system network that integrates sailors' operational needs."

In March 2010, Lockheed Martin was one of two contractors down selected for the system design and development phase of the CANES program. The Navy has said it expects to choose a contractor for the limited deployment phase in early 2012.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion.

Media Contacts:

Lindsay Becker, 703-367-2484, lindsay.e.becker@lmco.com

Keith D. Little, 202-302-3735, keith.little@lmco.com