LOCKHEED MARTIN DELIVERS UPGRADED ORION IN 10 MONTHS

LOCKHEED MARTIN DELIVERS UPGRADED ORION IN 10 MONTHS

GREENVILLE, S.C., July 25, 2013

Lockheed Martin [NYSE: LMT] achieved an unprecedented milestone by delivering a U.S. Customs and Border Protection (CBP) P-3 Orion aircraft in 10 months – and 78 days early -- on July 18.

This is the eighth of 14 aircraft in the program to receive Mid-Life Upgrade (MLU) modifications and phased depot maintenance. It will soon join the CBP P-3 MLU fleet conducting homeland security and drug interdiction missions.

“Our Greenville team continues to demonstrate a high level of excellence in the complex work associated with maintenance, repair and overhaul,” said Ray Burick, Lockheed Martin vice president for Modification, Maintenance, Repair and Overhaul, Greenville Site and Field Team Operations. “This is the seventh CBP P-3 the Lockheed Martin team has delivered ahead of or on schedule from its facility in Greenville, S.C., since July 2010– a truly remarkable accomplishment for this team and our CBP customer.”

As a result of such high performance, quality and dedication to customer service, the MMRO depot program in Greenville is consistently referred to as the “model program” by the U.S. Customs and Border Protection.

During fiscal year 2012, the CBP P-3 fleet continued its anti-smuggling success by seizing or disrupting more than 117,765 pounds of cocaine valued at more than $8.8 billion, totaling 21.1 pounds seized for every flight hour, valued at $1.5 million for every hour flown.

The MLU replaces all fatigue life-limiting structures with enhanced-design components; and incorporates a new metal alloy that is five times more corrosion resistant than the original material, greatly reducing the cost of ownership for P-3 operators. The MLU solution removes current aircraft flight restrictions and extends the structural service life of the P-3 up to 15,000 hours, adding more than 20 years of operational use.

The P-3 Orion is the standard for maritime patrol and reconnaissance, and is used for homeland security, hurricane reconnaissance, anti-piracy operations, humanitarian relief, search and rescue, intelligence gathering, and antisubmarine warfare; and to assist in air traffic control and natural disaster relief support.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The Corporation’s net sales for 2012 were $47.2 billion.