LOCKHEED MARTIN RECEIVES $178.5 MILLION NASA CONTRACT EXTENSION

Greenbelt, Md., July 28, 2004 -- Lockheed Martin (NYSE: LMT) today announced
that it has been awarded a $178.5 million, two-year contract extension from
NASA for Space Shuttle and International Space Station mission operations
support work.


Lockheed Martin Space Operations (LMSO) will perform the work on the Mission
Support Operations Contract (MSOC). This contract extension exercised by
NASA, brings the total contract value to $246,298,890.

Under the MSOC, LMSO will provide space operations and data services support
for Space Shuttle missions and International Space Station expeditions.
These services include mission operations and planning ground systems
support for the Mission Control Center at Johnson Space Center (JSC) in
Houston, as well as ground systems services for JSC's Emergency Operations
Center, the Electronic System Test Laboratory and Space Communications
Integration. LMSO will also provide ground system services for the Houston
Support Room/Backup Command and Control Center in Russia, and an Integrated
Planning System.

"It's an honor to have our performance recognized by this contract
extension," said Lockheed Martin Space Operations President Ken Reightler.
"We look forward to the opportunity to continue to team with our NASA
customer during the space shuttle return to flight and the completion of the
International Space Station."

Lockheed Martin Space Operations (LMSO) is a high-technology company
specializing in space-related support services for primarily government
customers that bring low-price, one-stop shopping in the following core
competencies: Project Management; Systems Engineering and Integration;
Earth, Space, and Life Sciences; Software Development and Information
Technology; and On-site Operational Support Services. LMSO's 3,000
employees include engineers, scientists, systems analysts, technicians, and
support personnel at eight NASA centers, and other locations across the
country.


Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people
worldwide and is principally engaged in the research, design, development,
manufacture and integration of advanced technology systems, products and
services. The corporation reported 2003 sales of $31.8 billion.

Contact:


Meghan Mariman, Director, Communications, (301) 313-3915,



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Jacques :-)

www.spacepatches.info