LOCKHEED MARTIN CORPORATION JOINS the U.S.-Ukraine Business Council (USUBC)
USUBC, Washington, D.C. February 19, 2008

The Executive Committee of the U.S.-Ukraine Business Council
(USUBC) is very pleased to announce that the Lockheed Martin
Corporation has been approved for membership. 

USUBC has been working with Alison Fortier, Vice President, Missile
Defense, Washington Operations and Steve Williams, Director-
Europe & Eurasia, Corporate International Business Development for
Lockheed Martin regarding the membership. Both Alison and Steve
attended several USUBC meetings in 2007.

Lockheed Martin is the 7th new member for 2008.  The others are
MaxWell USA, Baker and McKenzie, Och-Ziff Capital Management
Group, Dipol Chemical International, MJA Asset Management, and
General Dynamics. The total USUBC membership now is 59. The
membership has increased from 22 to 59 since January of 2007.

Lockheed Martin Corporation, an advanced technology company,
was formed in March 1995 with the merger of two of the world's
premier technology companies, Lockheed Corporation and Martin
Marietta Corporation.

Headquartered in Bethesda, Maryland, Lockheed Martin employs
about 140,000 people worldwide and is principally engaged in the
research, design, development, manufacture and integration of
advanced technology systems, products and services.

CUSTOMER BASE: As a lead systems integrator and information
technology company, the majority of Lockheed Martin's business is
with the U.S. Department of Defense and the U.S. federal government
agencies.

In fact, Lockheed Martin is the largest provider of IT services, systems
integration, and training to the U.S. Government. The remaining portion
of Lockheed Martin's business is comprised of international government
and some commercial sales of our products, services and platforms.

FINANCIAL PERFORMANCE: The Corporation reported 2007 sales
of $41.9 billion, a backlog of $76.7 billion, and cash flow from operations
of $4.2 billion.

ORGANIZATION: Lockheed Martin's operating units are organized into
broad business areas.

(1) Aeronautics, with approximately $12.3 billion in 2007 sales, includes
tactical aircraft, airlift, and aeronautical research and development lines
of business.

(2) Space Systems, with approximately $8.2 billion in 2007 sales, includes
space launch, commercial satellites, government satellites, and strategic
missiles lines of business.

(3) Systems & IT Group, with approximately $21.4 billion in 2007 sales,
will leverage our existing and emerging capabilities to address customers'
growing needs for highly integrated systems and solutions. This includes
missiles and fire control, naval systems, platform integration, C4I, federal
services, energy programs, government and commercial IT and aeronautical/
aerospace services lines of business.

The Corporation's New York Stock Exchange symbol is LMT and its
web-address is www.lockheedmartin.com.