Lockheed Martin CROSSBOW II Team Wins $25 Million Follow-On Prime Contract

The U.S. Air Force has awarded Lockheed Martin a $25 million follow-on prime contract for the CROSSBOW II program. Commencing on January 1, 2005, this four-year, nine-month program will provide classified maintenance and engineering support at various Air Force sites.

"The CROSSBOW II win is an excellent example of outstanding team performance," said Ken Asbury, president of Lockheed Martin Technical Operations. "The scope of the proposal was significant, the preparation timeline was compressed, and we were up against tough competition. Outstanding teamwork resulted in submission of a winning proposal with a new customer that is strategically very important to our company and also opens the door for new opportunities and growth."

Lockheed Martin Technical Operations, headquartered in Colorado Springs, Colo., employs over 4,500 skilled engineering, technical, information systems, logistics, and support personnel in nearly 100 locations worldwide, serving defense, intelligence, civil and commercial customers.

Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2004 sales of $35.5 billion.

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SOURCE: Lockheed Martin

CONTACT: Andrea Brown, Lockheed Martin, +1-719-622-2804