Lockheed Martin To Build Joint Light Tactical Vehicle (JLTV) At Award-Winning Facility In Camden, Arkansas

Lockheed Martin To Build Joint Light Tactical Vehicle (JLTV) At Award-Winning
                         Facility In Camden, Arkansas

Significant Cost Reductions Expected

PR Newswire

DALLAS, Oct. 15, 2013

DALLAS, Oct. 15, 2013 /PRNewswire/ --Lockheed Martin (NYSE: LMT) will move
production of its Joint Light Tactical Vehicle (JLTV) to an assembly line at
the company's award-winning Camden, Ark., manufacturing complex, where the
company expects to gain significant production efficiencies and cost

"Lockheed Martin is implementing a low-risk production plan that will take
advantage of the proven, outstanding Camden manufacturing operation and help
make our JLTV more affordable for the U.S. Army and Marine Corps," said Scott
Greene, vice president of Ground Vehicles for Lockheed Martin Missiles and
Fire Control.

JLTV prototypes were produced at BAE Systems' Sealy, Texas, manufacturing
facility for the program's Technology Development and Engineering and
Manufacturing Development phases. Plans to close the Sealy plant were
announced today. BAE Systems will remain a key partner on the Lockheed Martin
JLTV team, providing integrated cabs, protection solutions and other vehicle
manufacturing expertise.

"BAE Systems remains committed to Lockheed Martin and our JLTV program," said
Mark Signorelli, vice president and general manager of Combat Vehicles for BAE
Systems. "Recognizing the budget pressures our customers face, the team is
reshaping our efforts to provide the most cost competitive offering with
exceptional technical capability and product quality to our end users."

Lockheed Martin's Camden complex is among the premiere manufacturing sites in
the United States. Camden has a strong reputation for on-schedule delivery of
high quality products including High Mobility Artillery Rocket System (HIMARS)
launchers, Guided Multiple Launch Rocket System (GMLRS) rockets, Patriot
Advanced Capability-3 (PAC-3) Missiles and Terminal High Altitude Area Defense
(THAAD) ground vehicles. Over the last decade Camden has won more than 60
awards for quality, safety, security and community service, including:

  oThe Malcolm Baldrige National Quality Award, 2012
  oThe Shingo Silver Medallion Award for Operation Excellence, 2008, 2009
  oIndustry Week magazine's "Best Plants in North America," 2005, 2006
  oThe National Safety Council's Perfect Record Award, 2007
  oThe National Safety Council's Occupational Excellence Achievement Award,
    2006, 2007, 2009, 2010
  oThe National Safety Council's Industry Leader Award, 2007
  oThe Arkansas Governor's Quality Award, 2012

Designed as a more capable and survivable replacement for many of the current
Army and Marine Corps HMMWV "Humvee" vehicles, the Lockheed Martin JLTV is
systems-engineered to return crucial protection, mobility and transportability
to Soldiers and Marines. Its advantages include greatly improved crew
protection and mobility, lower logistical support costs, superior fuel
efficiency, exportable power-generation with substantial margin for future
growth, and state-of-the-art connectivity with other platforms and systems.

For more than three decades, Lockheed Martin has applied its
systems-integration expertise to a wide range of successful ground vehicles
for U.S. and allied forces worldwide. The company's products include the
combat-proven MLRS M270-series and HIMARS mobile launchers, Havoc 8x8, Common
Vehicle, Light Armored Vehicle-Command and Control, Warrior Capability
Sustainment Programme, Joint Light Tactical Vehicle and pioneering unmanned
platforms such as the Squad Mission Support System (SMSS).

Lockheed Martin Missiles and Fire Control is a 2012 recipient of the U.S.
Department of Commerce's Malcolm Baldrige National Quality Award for
performance excellence. The Malcolm Baldrige Award represents the highest
honor that can be awarded to American companies for their achievements in
leadership, strategic planning, customer relations, measurement, analysis,
workforce excellence, operations and results.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs about 116,000 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 2012 were $47.2 billion.

For additional information, visit our website:

SOURCE Lockheed Martin

Website: http://www.lockheedmartin.com
Contact: Craig Vanbebber, 972-603-1615; craig.vanbebber@lmco.com
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