Lockheed Martin Corporation will webcast a live presentation by Chris Kubasik, Executive Vice President and Chief Financial Officer, at the Lehman Brothers Twenty-Third Annual Industrial Select Conference on Tuesday, Feb. 14, 2006.

Mr. Kubasik is scheduled to present from 11:30 to 12:15 p.m. EST. During his presentation, Mr. Kubasik will reaffirm 2006 financial projections previously provided in the company's earnings press release dated Jan. 26, 2006. An audio replay will be available for two weeks.

Access the webcast at: http://www.lockheedmartin.com/investor.

Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 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 2005 sales of $37.2 billion.

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

Forward-looking Statements:

The presentation will contain "forward-looking" statements or projections based on current expectations. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results may differ materially due to: the availability of government funding and budgetary constraints; changes in customer priorities; the impact of continued hostilities in Iraq and spending for disaster relief on funding for defense programs; program and contract performance; the timing and availability of future government awards; the future impact of acquisitions, divestitures or joint ventures; the outcome of legal proceedings and other contingencies (including lawsuits, government investigations or audits, government/regulatory approvals and environmental remediation efforts); economic, business and political conditions and other factors. We disclaim any duty to update forward-looking statements to reflect new developments. Our SEC filings (found at http://www.lockheedmartin.com/ or at http://www.sec.gov/), including our 2004 Form 10-K and 2005 Form 10-Qs, contain more information on the types of risks and other factors that could adversely affect these statements.

SOURCE: Lockheed Martin Corporation