Lockheed Martin News Release:

Lockheed Martin to Upgrade Air Traffic Management System, Establish Research Facility in the Republic Of Korea

ROCKVILLE, Md., March 27, 2014 – Lockheed Martin [NYSE: LMT] will install an upgraded version of its SkyLine air traffic management system at the Korea Area Control Center in Incheon, Korea. The company will complete the work in partnership with prime contractor LG CNS. The new SkyLine system will replace a previous version of SkyLine, which has operated in Korea since 2001. The work was awarded following a competitive procurement.

Technology transfer is a key component of Lockheed Martin’s planned work with LG CNS and Korea. Lockheed Martin and LG CNS will establish a SkyLine research and development center at an LG CNS facility in Seoul, Korea. The center will facilitate technology transfer and provide in-country software customization to the Korean customer. Lockheed Martin will also provide training support to LG CNS and Korean Air Traffic Center engineering staff at the company’s Rockville, Md., air traffic management system development facility.

“Upgrading SkyLine in Korea offers a new model for technology transfer to our international partners and continues the system’s expansion in the Asia-Pacific region,” said Paul Engola, vice president of transportation solutions for Lockheed Martin’s Information Systems & Global Solutions business. “This win affirms SkyLine’s capabilities as a safe, proven and flexible global air traffic management system.”

Lockheed Martin’s air traffic and airport management technologies facilitate thousands of journeys daily. More than 60 percent of the world’s air traffic is managed by Lockheed Martin’s air traffic management software. Approximately 700 million passengers and 3 million aircraft movements depend on Lockheed Martin’s airport management software annually.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 115,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2013 were $45.4 billion.