Lockheed Martin Corporation will webcast live a presentation by Chairman, President and Chief Executive Officer, Bob Stevens, at the Sanford C. Bernstein & Co., LLC, 22nd Annual Strategic Decisions Conference on Thursday, June 1, 2006.

Mr. Stevens will present on behalf of Lockheed Martin from 2:00 to 2:50 p.m. EDT. He will highlight the corporation's 2006 performance, as well as its ongoing activities to expand into adjacent markets. An audio replay will be available for two weeks.

Access the webcast and replay 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 2005 Form 10-K and 2006 Form 10-Q, contain more information on the types of risks and other factors that could adversely affect these statements.

SOURCE: Lockheed Martin Corporation