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Thursday, March 15, 2007

/C O R R E C T I O N -- Lockheed Martin Aeronautics Company/

In the news release, Lockheed Martin (NYSE: LMT) Delivers First C-130J for Air Mobility Command, issued Tuesday, March 13, by Lockheed Martin Aeronautics Company over PR Newswire, we are advised by the company that the second paragraph, second sentence, should read, "I am so excited about this aircraft and what it will do for air mobility," rather than, "I am so exited" as originally issued inadvertently. Complete, corrected release follows:

        Lockheed Martin Delivers First C-130J for Air Mobility Command

MARIETTA, Ga., March 13 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today delivered the first C-130J Super Hercules to an Air Mobility Command active duty combat delivery unit. After accepting the new C-130J, General Duncan McNabb, Commander of Air Mobility Command (AMC), personally flew the aircraft to Little Rock AFB, Ark., where it will operate as part of the 463rd Airlift Group.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070313/DATU041 )

"The C-130J is one of the crown jewels of air mobility and the workhorse of the fleet," said General McNabb, during today's ceremony. "I am so excited about this aircraft and what it will do for air mobility."

"The Hercules has today recorded yet another significant milestone in airlift history," said David Haines, Lockheed Martin's vice president of C-130 programs. "The C-130J Super Hercules will now begin a new era for AMC, providing the command greater flexibility, improved reliability and a huge increase in tactical airlift strength. The C-130J is currently operating around the world in high tempo combat and humanitarian operations, bringing a whole new capability to intra-theater airlift that represents significant force multiplication for the combatant commander."

The 463rd currently operates a fleet of 13 C-130Es and 14 C-130Hs. The new C-130J is capable of generating much greater operational efficiencies than the older C-130s by flying farther, faster, with more payload and higher reliability. Additionally, the C-130J only requires three crew members for most missions so fewer flight crew members are exposed to potential threats in theater. C-130Js are currently deployed in two combat theaters; are being flown by both U.S. and allied operators; and are operating at a very high tempo efficiently and reliably. C-130Js are being used daily for troop and equipment re-supply via ground delivery and airdrop, for air-to-air refueling, ground refueling and humanitarian relief. The worldwide fleet of C-130Js has now exceeded 340,000 flight hours.

In the United States, Air Education and Training Command, Air Force Reserve Command and Air National Guard units fly C-130Js. The Marine Corps operates KC-130J tankers and the Coast Guard flies the HC-130J. International C-130J operators include the Royal Air Force, Royal Australian Air Force, Italian Air Force and Royal Danish Air Force.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion.


                For additional information, visit our website:
                        http://www.lockheedmartin.com


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