Lockheed Martin Selected by Finnish Air Force to Provide Airborne Surveillance System

Team to Provide Special Mission Capability

DENVER, May 24, 2010 - Lockheed Martin (NYSE: LMT) announced today that it has been awarded a
four-year contract to supply the Finnish Air Force with an airborne
surveillance system and associated ground systems. The value of this contract
is approximately US$100 million.

"Lockheed Martin is honored to work with the Finnish Air Force," said
John Mengucci, President of Lockheed Martin Information Systems & Global
Services-Defense. "We intend to provide the Air Force Command with a highly
capable system that fulfils their dynamic airborne intelligence, surveillance
and reconnaissance operational requirements."

Under this contract, Lockheed Martin's team will modify an EADS CASA
C-295 turboprop aircraft to accommodate an advanced surveillance system. A
key attribute of the system will be an open and modular architecture to allow
future system upgrades to be easily added and readily reconfigured to support
evolving mission needs. This approach ensures an up-to-date system throughout
the life cycle using an innovative technology road mapping process. Lockheed
Martin's team will also provide ground stations, and communications terminals
to support the airborne system.

Lockheed Martin has assembled a strong team for this program that
includes Patria Oy, Rockwell Collins, DRS Technologies, Applied Signal
Technology, AdamWorks, and L3 Communications. In addition to this core team,
Lockheed Martin will work closely with Finnish Industry to maximize industry
participation ensuring national autonomy to maintain the payload as well as
advancing host country technical capabilities.

Headquartered in Bethesda, Md., Lockheed Martin is a global security
company that employs about 136,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services. The
corporation reported 2009 sales of US$45.2 billion.

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

Suzanne Smith, Lockheed Martin, +1-303-932-5230; suzanne.m.smith at lmco.com