LOCKHEED MARTIN WINS COMPACT KINETIC ENERGY MISSILE PROGRAM

LOCKHEED MARTIN WINS COMPACT KINETIC ENERGY MISSILE PROGRAM:

DALLAS, TX, June 3, 2004 --
Lockheed Martin [NYSE: LMT] has won the competition to produce the U.S. Army's Compact Kinetic Energy Missile (CKEM) program. CKEM is the next generation hypervelocity anti-tank weapon to support the service's Future Force.
Lockheed Martin is currently working under a $21.3 million, 36-month Advanced Technology Demonstration (ATD) program on CKEM, which was awarded in October 2003 by the U.S. Army Aviation Missile Research Development and Engineering Center in Huntsville, AL. The company will now proceed as the sole contractor on the ATD, with the remainder of the contract valued at $60 million.
Work on the ATD is being performed at the company's facilities in Dallas, TX, and Camden, AR. Once the ATD program is completed in 2006, the CKEM plan calls for a two-year System Design and Development (SDD) phase.
CKEM will provide the Future Force overwhelming lethality overmatch, high probability of first round kill and near fire-and-forget capability. The missile is 60 inches long and weighs less than 100 pounds, and has an extended range for direct fire, line-of-sight engagements.