LOCKHEED MARTIN TO REDUCE WORKFORCE DUE TO END OF LAUNCH VEHICLE PROGRAMS Company Has Opened a Career Transition Center to Assist Approximately 425 Affected Employees CAPE CANAVERAL Air Force Station, Fla. - Lockheed Martin [NYSE: LMT] today announced that it will reduce its workforce by approximately 425 positions over the next several months as it transitions to new launch vehicles. The first reduction occurred on February 11 when 38 positions were affected by the closing of Launch Complex 36 at Cape Canaveral Air Force Station (CCAFS). A further reduction of approximately 60 positions will occur on the Atlas program throughout the balance of the year, as the program transitions entirely to a one-pad operation at Launch Complex 41. Following the final launch from the Cape for the Titan IV program in April, a reduction of approximately 325 positions will be necessary as the program enters into a closeout phase. The company has opened a Career Transition Center at CCAFS in cooperation with Brevard Job Link to assist employees who will be impacted by workforce reductions now and later in the year. All affected employees are receiving 60-day notices, and Lockheed Martin has a full range of career transition services in place to assist employees. "It is imperative that we make available every resource possible to help affected Titan and Atlas employees as these programs conclude," said Michael Gass, Lockheed Martin vice president and general manager of Space Transportation. "The Career Transition Center is only one component of a series of programs and resources we provide our employees as we experience this planned but difficult transition." "These employees are responsible for the outstanding mission success record that our launch programs enjoy today, and they will be a tremendous asset to those organizations that take advantage of their skills," added Gass. In order to most effectively staff the Career Transition Center, Lockheed Martin is working closely with Brevard Job Link, a network of "one stop" career centers offering a variety of services to job seekers and businesses with staffing needs. Brevard Job Link is providing counselors for the Career Transition Center and will schedule on-site jobs fairs.Ê Human Resources and local management staff are also using the Career Transition Center to help employees find opportunities within Lockheed Martin. During the 60 days, employees will have the opportunity to conduct job search activities using the Career Transition Center and other company-provided programs. In addition, employees will have access to the Center for up to six months after they leave the company. Lockheed Martin Space Systems Company, headquartered near Denver, Colo., is one of the major operating units of Lockheed Martin Corporation. Space Systems Company designs, develops, tests and manufactures a variety of advanced technology systems for space and defense. Chief products include space launch systems, defense systems, interplanetary and science spacecraft, spacecraft for commercial and government customers, fleet ballistic missiles and missile defense systems. Headquartered in Bethesda, Maryland, 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 2004 sales of $35.5 billion. ### Media Contact: Lockheed Martin: Julie Andrews, 321-853-1567, Cell: 321-750-1000 e-mail, julie.c.andrews@lmco.com For additional information, visit: