Lockheed Martin Acquires Assets Of CDL Systems Ltd.

             Lockheed Martin Acquires Assets Of CDL Systems Ltd.

PR Newswire

BETHESDA, Md., Dec. 21, 2012

BETHESDA, Md., Dec. 21, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT]
announced the acquisition of substantially all of the assets of CDL Systems
Ltd., a software engineering firm that specializes in the development and
licensing of vehicle control station software for unmanned systems. Terms of
the agreement were not disclosed and are not material to Lockheed Martin.

CDL Systems has developed an open, standards-based, and commercial
off-the-shelf software product that has been integrated into numerous unmanned
vehicle platforms. The company's products are designed on low-cost,
interoperable, and open architecture systems to support government and civil
applications around the world, with more than one million hours of operational
use. CDL Systems was founded in 1992 in Calgary, Alberta, Canada, with
offices in Calgary and Huntsville, Ala.

"This transaction provides us a common software solution with significant
in-theater experience that furthers our ability to meet our customers' growing
need for mission critical unmanned vehicle capabilities," said Lockheed Martin
Chairman and CEO Bob Stevens. "CDL Systems will be an important addition to
our Mission Systems and Training (MST) business, where it will be integrated
with the recent acquisitions of Chandler/May, Inc. and Procerus Technologies,
L.C."

"CDL Systems is an industry leader in the development and systems integration
of interoperable vehicle control software," said CDL Systems CEO Albert
Sulmistras. "Our success is a direct result of our talented and dedicated
employees and we're excited that this combination will enable us to continue
to expand our reach and grow our business."

As previously announced, Lockheed Martin will reorganize its Electronic
Systems business area into two new business areas and create the MST and
Missiles and Fire Control (MFC) business areas effective Dec. 31, 2012. The
MST business area will have 19,000 employees and will be headquartered in
Washington, D.C.

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.

For additional information, visit our website: http://www.lockheedmartin.com

Lockheed Martin Forward-Looking Statements:
Statements in this release about future actions and the consequences of these
actions are "forward-looking statements" and are based on Lockheed Martin's
current expectations and assumptions. Forward-looking statements in this
release include, but are not limited to, the potential for growth as result of
the transaction. Forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from future results expressed or implied by the forward-looking
statements. Potential risks and uncertainties include, but are not limited to:
our ability to successfully integrate the business and generate synergies, the
resolution or continuation of sequestration and the current budget crisis that
may lead to changes in funding levels or changes in customer needs and
priorities, the ability to attract and retain a skilled workforce in an
uncertain funding environment, as well as other risks and uncertainties
described from time to time in Lockheed Martin's Form 10-K (including under
the caption "Risk Factors") and other filings with the Securities and Exchange
Commission. All information in this release is as of Dec. 21, 2012. Lockheed
Martin disclaims any duty to update forward-looking statements to reflect
subsequent events, actual results or changes in expectations. For further
information regarding risks and uncertainties associated with Lockheed
Martin's business, please refer to the Corporation's SEC filings, which may be
obtained at the Corporation's website: http://www.lockheedmartin.com.

SOURCE Lockheed Martin

Website: http://www.lockheedmartin.com
Contact: Keith Little, +1-202-302-3735, keith.little@lmco.com, or Jennifer
Allen, +1-301-897-6308, jennifer.l.allen@lmco.com
 
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