Nation's Seventh Littoral Combat Ship Takes Shape as Lockheed Martin Team Lays The Keel

Nation's Seventh Littoral Combat Ship Takes Shape as Lockheed Martin Team Lays
                                   The Keel

PR Newswire

MARINETTE, Wis., Nov. 8, 2012

MARINETTE, Wis., Nov. 8, 2012 /PRNewswire/ --A Lockheed Martin (NYSE:
LMT)-led industry team officially laid the keel for the U.S. Navy's seventh
Littoral Combat Ship (LCS), the future USS Detroit. The event was part of a
time-honored keel laying ceremony that took place at the Marinette Marine
Corporation shipyard in Wisconsin.

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The Lockheed Martin LCS team is building the futuristic Freedom-variant LCS
for the U.S. naval fleet. With the first two ships delivered, two additional
ships in production and two more in early material procurement, the industry
team is addressing the Navy's need for an affordable, highly-networked and
modular ship unlike any other in the world. This new class of combatants is
designed to support a wide variety of missions including anti-submarine,
surface and mine countermeasure warfare, shipping lane protection, and
humanitarian aid.

"It's an honor to participate in this event for the future USS Detroit," said
Sen. Carl Levin, D-Mich. "The keel laying ceremony marks a great milestone for
the program and the naval fleet. These ships are vital to our national defense
strategy and their production contributes significantly to the Wisconsin and
Michigan economies."

During the ceremony ship sponsor Barbara Levin authenticated the keel by
having her initials welded into a sheet of the ship's steel. She was assisted
by the Navy's Program Executive Officer – Littoral Combat Ships Rear Admiral
James Murdoch.

"This ceremony marks the beginning of my commitment to supporting the future
USS Detroit and the brave crews that will serve aboard her to defend our
country," said Barbara Levin. "It is avery moving moment for me, asI am
very proud to serve as the sponsor of this powerful ship which honors my
native city."

The Lockheed Martin-led LCS team includes ship builder Marinette Marine
Corporation, a Fincantieri company, naval architect Gibbs & Cox, as well as
hundreds of domestic and international suppliers, including approximately 30
small businesses in Wisconsin and Michigan.

"Marinette Marine Corporation's shipbuilding expertise, coupled with Lockheed
Martin's integrated and automated systems that bring the capability to fight,
operate and support the ship, make the Freedom-variant LCS a powerful vessel,"
said Joe North, vice president of Littoral Ship Systems for Lockheed Martin's
Mission Systems & Sensors business. "The LCS team continues to invest in
shipyard improvements and has applied best practices to ensure we continue to
be more efficient and more innovative with each new ship we build."

By 2013, industry investment will total approximately $94 million, which
includes nearly $70 million to date from Marinette Marine Corporation's
Italian parent Fincantieri-Cantieri Navali Italiani for shipyard improvements.

Lay the keel is a shipbuilding term that marks the beginning of the module
erection process, which is a significant undertaking that signifies the ship
coming to life. Modern warships are now largely built in a series of
pre-fabricated, complete hull sections rather than a single keel, so the
actual start of the shipbuilding process is now considered to be when the
first module for the ship is erected in place and is often marked with a
ceremonial event.

About Lockheed Martin

Headquartered in Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs about 120,000 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 net sales for 2011 were $46.5 billion.

About Fincantieri

Fincantieri is one of the world's largest shipbuilding groups, which in over
200 years of maritime history has built more than 7,000 vessels. It is world
leader in cruise ship construction and a reference player in other sectors,
from naval vessels to cruise ferries, from megayachts to special high
value-added vessels, and ship repairs and conversions. Headquartered in
Trieste, the Group has over 10,000 employees and eight shipyards in Italy
alone. Fincantieri operates in the United States through its subsidiary
Fincantieri Marine Group (FMG). This company, which serves both civilian and
government customers, including the U.S. Navy and Coast Guard, has three
shipyards (Marinette Marine, Bay Shipbuilding, Ace Marine), all located in the
Great Lakes region. Since 2002 Fincantieri has built or has orders to build
more than 100 ships, worth a total of € 22 billion, and has developed numerous
prototypes in each of its business segments.

For additional information about Lockheed Martin, visit: and

SOURCE Lockheed Martin

Contact: Dana Casey, +1-202-863-3491,
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