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Frost & Sullivan Awards Lockheed Martin with Product of the Year

SAN JOSE, Calif. - January 16, 2002 - Frost & Sullivan presented Lockheed Martin Commercial Space Systems, a division of Lockheed Martin Corporation (NYSE: LMT), with the Satellite Market Product of the Year at last night’s 2002 Excellence in Information and Communication Awards Banquet.

The Satellite Market Product of the Year recipient has demonstrated outstanding reliability and mission success and excelled in technical efficiency and versatility. The product ranks higher in these areas than similar competitive products and demonstrates continued superiority.

Lockheed Martin Commercial Space Systems was recognized for its A2100 satellite platform. The most reliable and efficient of its class, the A2100 has held an outstanding on-orbit reliability record since it was first offered in 1996.

"The A2100’s simple and efficient designs allow for a lower mass, better fuel efficiency, longer life-span, and higher power. Its platform gives operators the power to design a satellite that will fit their business needs rather than having to re-work their business plans around the possibilities and limitations of the bus," says Juliette Salvalti, Frost & Sullivan Satellite Communications Program Leader. "Overall, the A2100 is a winning balance between state of the art technology and efficiency with controlled risk."

Held in Scottsdale, Arizona, the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in the information and communication industry. An annual event, the banquet recognizes the quality and merit of these distinguished companies.

"We are proud that the A2100 has received this important recognition," said Ted Gavrilis, president of Lockheed Martin Commercial Space Systems. "I congratulate our entire team for consistently delivering mission success to our customers around the globe."

About Lockheed Martin Commercial Space Systems

Lockheed Martin Commercial Space Systems, based in Newtown, Pa., markets, designs and builds geostationary and non-geostationary telecommunications and remote sensing satellites for customers worldwide. LMCSS is an operating unit of Lockheed Martin Space Systems Company, one of the core business areas of the Lockheed Martin Corporation (NYSE: LMT). Lockheed Martin has a 41-year heritage of building reliable spacecraft for commercial and military customers, having launched more than 875 spacecraft and clocking nearly 1,500 years of on-orbit performance experience.

About Frost & Sullivan

Founded in 1961, Frost & Sullivan, a global leader in strategic market training and growth consulting, presents Market Engineering Awards to companies that demonstrate excellence in their industry, commending the innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com.

Contact:

Jamie Frizzell

Tel. 210.247.2496

jfrizzell@frost.com

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