* Increases 2002 Free Cash Flow Guidance to at Least $1.5 Billion And Improves the Two-Year Guidance to at Least $2.2 Billion * Expects Sales of Approximately $26.0 Billion in 2002 and Reaffirms...

Lockheed Martin has officially delivered the first production F/A-22 Raptor air dominance fighter to the U.S. Air Force. The formal acceptance documents for the aircraft were signed at the...

Lockheed Martin's board of directors today declared a regular quarterly dividend on the Corporation's common stock of 11 cents per share. The dividend is payable December 31, 2002, to holders of...

Lockheed Martin will webcast live its third quarter 2002 earnings conference call on Friday, October 25, 2002 from 11 a.m. to 12 p.m. ET. The webcast can be viewed on the Lockheed Martin website,...

Michael Gutierrez, a Lockheed Martin Aeronautics Co. employee, has been named the "Most Promising Engineer" in the undergraduate degree category of the 2002 Hispanic Engineer National Achievement...

Lockheed Martin today announced that Mr. Joseph Cipriano has joined its Information Technology team as Vice President for Advanced Solutions. In his new position, Cipriano will be a key member of...

The Aegis Weapon System, with its powerful S-band SPY-1 Radar, took part for the first time in a Ground- based Midcourse Defense (GMD) test by gathering data about the target. All test objectives...

Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , today announced the launch of the Air Mobility Support (AMS) team, a new inter-company program designed to...

Lockheed Martin has recently begun developing a new web-enabled personnel and payroll system for the U.S. Navy, consolidating data from the service's more than 100 legacy systems into a new...

Lockheed Martin, the U.S. Air Force and the Italian Air Force have conducted joint tests as part of the U.S. Air Force's planned C-130J defensive systems upgrade program. The C-130J airlifter is...

As a scheduled part of the F/A-22 program's ongoing developmental efforts, Lockheed Martin Aeronautics Co.'s facility here has successfully completed the modification and upgrade effort necessary...

Lockheed Martin Corporation announced that its Board of Directors has authorized a share repurchase program for up to 23 million shares, or approximately 5% of its outstanding common stock, from...

The American Institute of Aeronautics and Astronautics has honored eight Lockheed Martin Aeronautics Co. engineers for their contributions to the design of the stealthy, next-generation F-35 Joint...

Aviation Week & Space Technology magazine has awarded its 2002 Quality Center Award to the U.S. Air Force/industry F/A-22 Raptor air dominance fighter program team for successfully executing all...

Lockheed Martin Training's Export Computer Generated Forces product was selected for use at the Norwegian Army Low Level Air Defence System, or NALLADS, Training Centre, as part of its midlife...

Fred P. Moosally has been appointed president of Lockheed Martin's Naval Electronics & Surveillance Systems (NESS) business segment, effective October 1. He succeeds Joseph D. Antinucci, who...

Lockheed Martin delivered its first "Web-enabled" AN/UYQ-70 (Q-70) server to the U.S. Navy under a $7.lM follow-on order awarded in August 2002. The web-enabled server supports the Navy's IT-21...

Lockheed Martin has been selected by the U.S. Postal Service as the prime contractor for a multimillion-dollar program that will integrate and modernize the Postal Service's small package...

The Spanish Navy today commissioned its first F100-class frigate equipped with the Lockheed Martin-developed Aegis Weapon System during a ceremony at the IZAR shipyard in Ferrol, Spain. The ship,...

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , demonstrated a new concept for expediting maintenance by reporting faults while the aircraft is still far from home...

Lockheed Martin has completed passenger screening checkpoint site surveys at 429 commercial U.S. airports. The site surveys were completed one week ahead of schedule, and construction on upgraded...

Charla K. Wise, vice president of engineering at Lockheed Martin Aeronautics Co., has been honored with the Women In Aerospace organization's 2002 Lifetime Achievement Award. The award was...

Lockheed Martin Aeronautics Co. officials told reporters attending the 2002 Air Force Association National Convention here today that the company is focusing on a "systems of systems" architecture...

Kelly Aviation Center, L.P., a joint venture between Lockheed Martin Aircraft & Logistics Centers and GE Aircraft Engines (GEAE), has been selected by GEAE to perform F110 fighter engine...

Lockheed Martin Aeronautics Co. is moving toward the successful completion of a decade-long capital investment project at its facility in Marietta, Ga., totaling approximately $250 million. This...

Lockheed Martin Corporation today entered into an agreement to strengthen its commitment to small businesses in the state of Massachusetts. Lockheed Martin and Massachusetts Small Business...

Lockheed Martin Information Systems delivered the first Close Combat Tactical Trainer M2A3 Bradley Fighting Vehicle simulator kit to the U.S. Army at Fort Hood, Texas. The new kits provide...

Lockheed Martin Corporation will help the Federal Bureau of Investigation design and develop a new information technology refreshment project for the Bureau's Criminal Justice Information Services...

Lockheed Martin Aeronautics Co. officials told reporters attending the 2002 Air Force Association National Convention here today that the company's airlift products would empower the U.S. Air...

The Lockheed Martin board of directors has elected Anne Stevens to its board effective September 16, 2002. Ms. Stevens is Vice President, North America Vehicle Operations, Ford Motor Company....

Lockheed Martin will webcast live a presentation by Vance Coffman, Chairman and CEO, Lockheed Martin Corporation, at the Morgan Stanley Aerospace and Defense and Multi-Industry conference in New...

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , was awarded a $7 million contract on Sept. 10 for Phase I of the U.S. Navy's Multi-mission Maritime Aircraft (MMA)...

Lockheed Martin received a $131.7 million funding increment to continue its leadership of the Battle Management/Command and Control/Communication (BM/C2/C) program for the Missile Defense Agency's...

Integrated Coast Guard Systems (ICGS), a joint venture of Lockheed Martin Naval Electronic Systems and Northrop Grumman Ship System, issued a broad industry announcement today seeking suppliers...

Lockheed Martin, Mitsubishi Electric Corporation, SAMPA Kogyo K.K. and Mitsubishi Corporation have formed a joint venture company that will serve the emerging combat system engineering and...

The T-50 Golden Eagle successfully completed its historic first flight at the Korea Aerospace Industries (KAI) facility at Sachon, South Korea, on Aug. 20. Lockheed Martin is a major participant...

Thailand's Korat Air Base received the first five of 16 refurbished Lockheed Martin F-16s on Aug. 17 as part of the country's ongoing efforts to modernize its air force. The delivery marks the...

Lockheed Martin's Atlas V launch vehicle, designed and built by Lockheed Martin Space Systems headquartered near Denver, Colo., is scheduled for its inaugural flight Wednesday, Aug. 21, 2002, from...

Lockheed Martin has named Thomas J. Jurkowsky as its new vice president of media relations and the corporation's chief spokesperson. Jurkowsky joined Lockheed Martin in November 2000 and has...

The Department of Defense recently selected the U.S. Air Force's Theater Aerospace Command and Control Simulation Facility as winner in the training category of the fourth annual Modeling and...

The U.S. Army Communications - Electronics Command (CECOM) has selected a Lockheed Martin- led team for the competitive downselect phase of the $7 billion Warfighter Information Network - Tactical...

Lockheed Martin Corporation today announced the appointment of David A. Kier as vice president and managing director-missile defense. In this new position, Kier will be responsible for all aspects...

Australian government and aerospace industry representatives spent Thursday at Lockheed Martin's Fort Worth plant discussing potential opportunities for Australian companies to participate in the...

Lockheed Martin announced today that Vance Coffman, Chairman and Chief Executive Officer, and Christopher Kubasik, Senior Vice President and Chief Financial Officer, have certified the company's...

Lockheed Martin received a $163.7 million order from The Boeing Company to produce the advanced TIGER Eyes(TM) Sensor Suite that will provide targeting, navigation, terrain- following and Infrared...

Dignitaries from NASA, Lockheed Martin and the State of Mississippi today opened the new Lockheed Martin Mississippi Space & Technology Center, an advanced propulsion, thermal, and metrology...

Lockheed Martin's board of directors today declared a regular quarterly dividend on the Corporation's common stock of 11 cents per share. The dividend is payable September 30, 2002, to holders of...

Korea Aerospace Industries (KAI) and Lockheed Martin Aeronautics, a business area of Lockheed Martin Corporation , began durability testing on the T-50 Golden Eagle advanced jet trainer on July...

A team of five Lockheed Martin Tactical Systems employees in Eagan, along with five corporate colleagues, have been selected to receive Lockheed Martin's highest award, the NOVA, for their work on...

Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , will propose a newly manufactured P-3C for the joint Germany and Italy Maritime Patrol Aircraft Replacement...

Lockheed Martin Aeronautics Co. Vice President of Special Mission and Reconnaissance Aircraft Programs Ted Samples said today (July 25, 2002) that more than 450 P-3s are in active service with the...

Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , has signed a Memorandum of Agreement with Vought Aircraft Industries, Inc. to manufacture wings for the P-3...

For the first time at sea, the Lockheed Martin-developed Aegis Weapon System successfully guided an Evolved Sea Sparrow Missile (ESSM) from the Aegis guided missile destroyer USS Shoup operating...

Lockheed Martin Aeronautics Co. has opened the first phase of a new state-of-the-art, $44 million coatings facility here that incorporates the latest robotics technology to improve coating, or...

Dr. William C. Kessler, vice president of Advanced Enterprise Initiatives at Lockheed Martin Aeronautics Co., recently accepted a part-time visiting faculty position with the Edenfield...

Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , announced today (July 24, 2002) that the C-130J worldwide fleet has now passed 50,000 flying hours. Ross...

Lockheed Martin's F-16 family is being reborn in the 21st century with robust new technologies, new production configurations and unmatched management experience to enhance its position as the...

Officials from Korea Aerospace Industries (KAI) and Lockheed Martin Aeronautics Company highlighted today (July 24, 2002) at the Farnborough Air Show in England the progress of the T-50 advanced...

Lockheed Martin Management & Data Systems (M&DS) announced today it has been selected by the Pennsylvania State Police as the systems integrator for the statewide rollout of its Incident...

Engineers have finalized the external design of the F-35 Joint Strike Fighter, with the resulting configuration nearly indistinguishable from the X-35 JSF demonstrator that underwent...

F-35 Joint Strike Fighter team members today emphasized the importance of global participation in the program, as they introduced an historic lineup of international F-35 partners during a press...

Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , today highlighted its focus on a "system of systems" architecture development approach to determine how to...

The F-22 Raptor, now in production and continuing flight testing in California, continues to meet or exceed all technical performance parameters, Lockheed Martin Aeronautics Company president Dain...

Lockheed Martin Aeronautics Company has added 2,000 employees to its workforce since last October and will continue steady growth until at least 2005, on the basis of current contracts. Future...

* Raises Outlook for Earnings Per Share From Continuing Operations To $2.50 - $2.55 in 2002 and $2.75 - $2.85 in 2003 * Increases Sales Guidance; Expects Range of $25.4 - $26.0 Billion In 2002 and...

Lockheed Martin will webcast live its second quarter 2002 earnings conference call on Thursday, July 18, 2002 from 3 p.m. EDT to 4 p.m. EDT. The webcast can be heard on the Lockheed Martin...

Lockheed Martin today released its press-briefing schedule for the Farnborough Air Show. All briefings will take place at the company's Partnership Pavilion, directly across from the company's...

Lockheed Martin will webcast live a presentation by Ron Abbott, Vice President - Fire Support, Lockheed Martin Missiles & Fire Control, at the Banc of America Securities Conference in Louisville,...

Nippon Avionics Co. Ltd. (Avio) delivered its first Lockheed Martin Q-70 variant workstation to the Japan Defense Agency at a ceremony July 2, 2002 in Yokohama, Japan. This delivery of an Anti...

Lockheed Martin Space Operations (LMSO) has been awarded an eight-year, cost-plus-award-fee contract, valued at $314,207,343 to support NASA's Ames Research Center in conducting research,...

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , was recently awarded a $27 million contract to upgrade U.S. Customs Service (USCS) P-3B Airborne Early Warning (AEW)...

Turkey today (July 11) became the seventh international partner to sign up for the F-35 Joint Strike Fighter program, joining the United Kingdom, Italy, the Netherlands, Canada, Denmark and...

Lockheed Martin Tactical Systems (LMTS) has been recognized with the U.S. Small Business Administration's (SBA) Award of Distinction. The award recognizes large federal contractors with...

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , announced today (July 2) that the Government of Italy has accepted the first two of 10 "stretched" C-130Js on order for...

The Federal Aviation Administration (FAA) has awarded a contract to Lockheed Martin for the next generation En Route Automation Modernization (ERAM) program. ERAM will modernize the nation's core...

The Italian government today (June 27) signed a contract with Alenia Aeronautica for the purchase of the first five of 12 C-27J Spartan airlifters. Lockheed Martin Aeronautics and Alenia...

The U.S. Air Force recently began using a software update developed by Lockheed Martin Aeronautics Co. that will add a new "smart" weapons capability to its 400-aircraft fleet of Block 40/42 F-16C/Ds.

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , has developed a new horizontal stabilator design for the F-22 Raptor that will save the program $1 million per aircraft...

The U.S. Air Force has begun flight-testing a new version of the radar for the Lockheed Martin F-16C/D aircraft that will significantly improve the aircraft's performance in air-to-air and...

The Joint Strike Fighter program extended its international reach today (June 24) when Italian officials signed a Memorandum of Understanding to participate in the development of the stealthy,...

Lockheed Martin Management & Data Systems (M&DS) announced today that it has become the first and only company in the world to achieve the prestigious Software Engineering Institute's (SEI)...

Eight Lockheed Martin Management & Data Systems (M&DS) employees, each representing "One-in- a-Thousand" of the company's approximate 8,000 employees, will be honored as M&DS' top employees for...

The F-35 Joint Strike Fighter program added a new international partner today when Norway officially joined the JSF's System Development and Demonstration (SDD) phase. Becoming a part of the SDD...

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp. , reached a major milestone last week as the first C-5B aircraft was inducted into the C-5 Avionics Modernization Program...

Two U.S. government-Lockheed Martin teams received the Department of Defense's highest acquisition award during a ceremony held today at the Pentagon. E. C. "Pete" Aldridge, Undersecretary of...

The Lockheed Martin -led F-22 industry team has awarded its prestigious "Raptor of Distinction" subcontractor award to EDO Corp. , Marine & Aircraft Systems Division of North Amityville, New York,...

Lockheed Martin has been awarded a $102 million contract to operate, maintain and sustain the Defense Civilian Personnel Data System (DCPDS) for the Department of Defense (DoD) Civilian Personnel...

Lockheed Martin will webcast live a presentation by Chris Kubasik, the corporation's Chief Financial Officer, to the Thomas Weisel Growth Forum on June 19. The webcast will begin at 5:40 p.m. EDT....

Calling the F-35 Joint Strike Fighter program a "very striking example of a private and public partnership in the Netherlands" and "a model for the future," Netherlands Deputy Minister of Defense...

For the second time in less than six months, the Lockheed Martin-developed Aegis Weapon System successfully guided a Standard Missile (SM)-3 to a ballistic missile target hit today. The Aegis...

The Lockheed Martin -led F-22 Raptor air dominance fighter team successfully completed a key phase of logistics testing and evaluation (LT&E) here this week -- several days ahead of schedule. This...

Lockheed Martin has been selected by the Transportation Security Administration (TSA) to implement new security operations that will help ensure air passenger safety at the nation's airports. The...

Lockheed Martin Marine Systems and Offshore Systems Ltd. have announced a teaming agreement that will provide the world's most advanced navigation software to U.S. Navy ships, completely...

The Netherlands today signed a Memorandum of Understanding to join in the development of the Joint Strike Fighter. The signing makes the Netherlands the fourth international contributor to the...

Lockheed Martin Aeronautics Company, a business area of Lockheed Martin Corporation , yesterday delivered the first of two new CC-130J aircraft to the 146th Wing of the California Air National...

The Lockheed Martin -led F-22 air dominance fighter industry team has delivered Raptor 4008 -- the program's dedicated low-observable, or stealth, reliability and maintainability flight-test and...

Lockheed Martin has been selected as a prime contractor by the Defense Advanced Research Projects Agency (DARPA) and U.S. Army for the Unmanned Combat Armed Rotorcraft (UCAR) program. The award,...

The Lockheed Martin-led F-22 Raptor team surpassed another significant milestone in May with the successful completion of "first service-life" fatigue testing using a production quality,...

Lockheed Martin today announced that it has entered into an agreement with World Data Consortium, LLC, under which the Corporation will divest an 81-percent ownership position in its COMSAT...

Lockheed Martin Corporation , has been selected by the State of Texas Department of Information Resources (DIR) to provide managed information technology services to all state agencies, county and...