Lockheed Martin To Acquire Astrotech Space Operations Business From Astrotech Corporation

Lockheed Martin To Acquire Astrotech Space Operations Business From Astrotech
                                 Corporation

Satellite Launch Services Provider Strengthens Space Systems Portfolio

PR Newswire

BETHESDA, Md., May 29, 2014

BETHESDA, Md., May 29, 2014 /PRNewswire/ --Lockheed Martin (NYSE: LMT) has
entered into a definitive agreement to acquire the assets of the Astrotech
Space Operations business of Astrotech Corporation. Astrotech Space Operations
is a leader in satellite launch preparation services, from final testing and
fueling to encapsulation and day-of launch operations. The terms of the
agreement are not material to Lockheed Martin.

Lockheed Martin Logo.

Subject to the satisfaction of customary closing conditions, including
approval by the Astrotech Corporation shareholders, the transaction is
expected to close in the third quarter of 2014. Upon closing, Astrotech Space
Operations will be operated as a wholly-owned subsidiary of Lockheed Martin
and managed by the corporation's Space Systems business area.

"Astrotech Space Operations' expertise in the final stages of launch
preparation complements our existing capabilities in satellite design,
production and integration," said Marillyn Hewson, Lockheed Martin Chairman,
President and CEO. "This new capability expands our Space Systems services
portfolio and enhances the value we offer to current and future Lockheed
Martin and Astrotech customers."

Astrotech Space Operations has been a global satellite processing leader since
1981. With over 300 successful spacecraft missions to date, Astrotech Space
Operations provides all support necessary for successful spacecraft processing
to prepare for launch on a variety of U.S. and international launch vehicles.

"Joining Lockheed Martin will benefit our customers and our employees," said
Don White, Senior Vice President and General Manager of Astrotech Space
Operations. "As a wholly-owned subsidiary, we'll be able to deliver the same
level of expert, affordable launch preparation services our customers have
come to expect with the added strength and stability of a company that's been
a leader in the space industry since day one."

Astrotech Space Operations serves a wide range of government and commercial
customers, including both U.S. and international agencies and firms.
Headquartered in Titusville, Florida, Astrotech Space Operations' facilities
are located near Cape Canaveral, Florida and at Vandenberg Air Force Base,
California, to support launches on both coasts.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and
aerospace company that employs approximately 113,000 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 2013 were $45.4 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:
the failure to obtain shareholder approval of the transaction, the failure to
obtain, delays in obtaining or adverse conditions contained in any required
regulatory or other approvals, the failure to consummate or a delay in
consummating the transaction for other reasons, changes in laws or
regulations, changes in general economic conditions, our ability to
successfully integrate the business and generate synergies, 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 May 29, 2014. 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 or through the website maintained by the SEC at
www.sec.gov.

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SOURCE Lockheed Martin

Website: http://www.lockheedmartin.com
Contact: Jen Allen, 301-897-6308, jennifer.l.allen@lmco.com; Matt Kramer,
303-977-9083, matthew.s.kramer@lmco.com
 
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