Lockheed Martin Corporation will webcast live its second quarter 2003 earnings on Thursday, July 24, 2003 from 11:00 am to 12 pm (ET). Bob Stevens, President and Chief Operating Officer, Chris Kubasik, Senior Vice President and Chief Financial Officer and Jim Ryan, Vice President, Investor Relations will discuss second quarter 2003 results and update other areas of interest.

The live audio webcast and relevant financial charts, available for download, can be viewed on the Lockheed Martin Investor Relations website, www.lockheedmartin.com/investor. An on-demand replay of the conference call will be available at this website.

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.

CONTACT: Investor: Jim Ryan, +1-301-897-6584; e-mail, james.r.ryan@lmco.com or Randa Middleton, +1-301-897-6455; e-mail, randa.c.middleton@lmco.com; or Media: Tom Jurkowsky, +1-301-897-6352; e-mail, thomas.jurkowsky@lmco.com or Jeff Adams, +1-301-897-6308; email, Jeffery.adams@lmco.com, all of Lockheed Martin Corporation.

SOURCE: Lockheed Martin