Lockheed Martin's board of directors today declared a regular quarterly dividend on the Corporation's common stock and increased the quarterly dividend amount by 9 percent, to 12 cents per share.

The dividend is payable March 31, 2003 to holders of record on March 3, 2003.

Headquartered in Bethesda, Maryland, Lockheed Martin employs about 125,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2001 sales of $24 billion.

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SOURCE: Lockheed Martin