Lockheed Martin's board of directors today declared a regular quarterly dividend on the Corporation's common stock of 12 cents per share.

The dividend is payable June 30, 2003 to holders of record on June 2, 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 2002 sales of $26.6 billion.

For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com/

SOURCE: Lockheed Martin