Lockheed Martin Press Release:

Lockheed Martin Team’s Joint Light Tactical Vehicle Tops 100,000 Testing Miles During EMD Phase

DALLAS, April 21, 2014 – The Lockheed Martin Team’s [NYSE: LMT] Joint Light Tactical Vehicle (JLTV) has achieved 100,000 miles in the government’s Engineering & Manufacturing Development (EMD) reliability, availability and maintainability (RAM) testing. In August 2013, Lockheed Martin delivered 22 JLTVs to the U.S. Army and Marine Corps for EMD testing, which will continue through the fall.

RAM testing involves a combination of primary on-road, secondary road and rigorous off-road/trail driving. Since the JLTV program began in 2007, the Lockheed Martin Team’s JLTVs have compiled more than a quarter of million miles for all vehicle testing.

“Our JLTV continues to demonstrate excellent reliability,” said Scott Greene, vice president of Ground Vehicles for Lockheed Martin Missiles and Fire Control. “With this 100,000-mile milestone now in our rear-view mirror, we look forward to continue proving to our Army and Marine Corps customers that our JLTV delivers the most capability at the right price.”

The Lockheed Martin Team’s JLTV is systems-engineered to provide the crew protection of Mine Resistant Ambush Protected (MRAP) vehicles, while returning crucial mobility, reliability and transportability to Soldiers and Marines. A patented Meritor Pro-TecTM all-independent air-ride suspension brings unprecedented agility and off-road mobility to this class of vehicles, while the dependable Cummins turbo diesel and Allison transmission combine abundant power with exceptional fuel efficiency. Rounding out the vehicle’s portfolio of capabilities are an exportable power-generation with substantial margin for future growth, and state-of-the art connectivity with other platforms.

As the only defense contractor in the JLTV competition to have won a Malcolm Baldrige National Quality Award for Manufacturing Excellence, Lockheed Martin, with support from long-time military vehicle manufacturer and partner BAE Systems, will perform final assembly of JLTV at its award-winning Camden, Ark., Operations.

For more than three decades, Lockheed Martin has applied its systems-integration expertise to a wide range of successful ground vehicles for U.S. and allied forces worldwide. The company’s products include the combat-proven Multiple Launch Rocket System (MLRS) M270-series and High Mobility Artillery Rocket System (HIMARS) mobile launchers, Havoc 8x8, Common Vehicle, Light Armored Vehicle-Command and Control, Warrior Capability Sustainment Programme, JLTV and pioneering unmanned technologies such as the Squad Mission Support System (SMSS) and the Autonomous Mobility Applique System (AMAS).

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.