Lockheed Martin Aeronautics Company Mac Stevenson EVP and

Lockheed Martin Aeronautics Company Mac Stevenson EVP and GM, Aero Ops April 7 th, 2009 © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company

Lockheed Martin Corporation 2008 Sales ($B) IS&GS Space Systems Electronic Systems Aeronautics $11. 6 B $8. 0 B $11. 6 B $11. 5 B Sales 27% © 2009 Lockheed Martin Corporation Orders 27% Profit World Class ROIC 29% Strong Cash Flow Record backlog of $ 81 B Lockheed Martin Aeronautics Company 22

Who We Are. . . + Skunk Works Marietta Fort Worth Innovation Disciplined Performance · 28, 000 Highly Skilled LM Aero Employees · World Class Production Lines · Synergies From Full-Breath of LM Expertise IS&GS © 2009 Lockheed Martin Corporation Space Systems Electronic Systems + San Antonio Greenville Full-Spectrum Logistics Service · Innovative Products · Cutting-Edge Technologies · International Partnership Aeronautics Lockheed Martin Aeronautics Company 3

The Business We Are in. . . Solution Provider of Warfighting Capability © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 4

Aeronautics Portfolio Development Rate Production F-16 C-130 F-35 Post-Production F-22 UAV P-3 Future Bomber U-2 Next-Gen Airlift © 2009 Lockheed Martin Corporation Time Lockheed Martin Aeronautics Company C-5 5

F-16 - Most Active Fighter in the World · Most Active Production Line of Any Fighter - Over 4000 Aircraft Delivered to Date, and Counting · Largest Worldwide Customer Base - 24 Countries - 51 Follow-On Buy by 14 Customers - 124 Different Versions · 12 Million+ Flight Hours · Unsurpassed Interoperability · Proven, Major Player in Military Operations - 90, 000+ Combat Flight Hours The World’s Most Successful Multirole Fighter Program. . . © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 66

The Next Generation in Fighter Aircraft • Multirole • LO Treatments • Advanced Avionics • Guided Weapons • Supersonic • 1 st Radar • 1 st Jets VLO Stealth Fighter Performance Integrated Sensor Fusion Advanced Sustainment Net Enabled Ops • Sustained • Basing Options Supersonic Ops • Range and • Extreme Agility Persistence • High Altitude Ops. • Sensor Flexibility Total Air Dominance © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 7

F-22 Air Dominance Fighter Cornerstone of 21 st Century Global Airpower · Supersonic and Stealthy Air-to-Air and Air-to-Ground Combat Capabilities · Key Enabler of Joint Force Operations · FW Manufactures The Largest Structural Piece Of The F-22 · F-22 Employs 2000 DFW Engineers And Manufacturing Specialists · Thank You For Your Continued Support Of The Program F-22 is Ahead of Schedule, On Budget and High Quality © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 8

F-35 Multi-Service Design Carrier Variant (CV) Larger Wing and Horizontal Tail Area Probe and Drogue Refueling (Basket) Conventional Take-Off and Landing (CTOL) In-Flight Refueling Door (Boom) Strengthened Landing Gear and Tailhook Internal 25 mm 4 -Barrel Gattling Gun Centerline Gun Pod With 25 mm Gun Wingfold and Ailerons Added 3 -Bearing Swivel Nozzle Short Take-Off and Vertical Landing (STOVL) Probe and Drogue Refueling (Basket) Lift Fan Roll Posts © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 9

Changes Outside the Factory Coatings & Coating Test Facilities ATF Aircraft Test Facility • Measures Stealth Characteristics • Aircraft Suspended on Rotating Turntable (inset) AFF (Aircraft Finish Facility) • Coats Final Aircraft • Phase II Completes 2012 • Includes Robotic Paint (inset), Prep and Laser Projection Bays CFF Component Finish Facility • Coats Small Components/Details • Phase II Completes 2012 • Includes Robotic Paint (inset) and Prep Bays © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 10

Changes Outside the Factory Flight Line Facilities Fuel Test Facility • Fuels Aircraft & Tests for Leaks • Weight/Balance • Compatible with F-35 or F-16 • Final Station Completes 2013 STOVL Pit • Restrained Force/Moment Tests • STOVL Green Engine Run • Ejects Gases Away from Aircraft through Grating/Vents (inset) Run Stations • Suitable for All Hangar Operations • Compatible with F-35 or F-16 • All Stations Refurbished in 2012 STOVL Pad • STOVL Landing • Single Position Completes 2010 © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 11

F-35 World-Class Production Facilities Final Configuration & Future Planned Technology Insertion Aggressively Inserting Production Technology Improvements into All Aspects of the Build Cycle © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 12

Advanced Development Programs Vulture VARIOUS ISIS Battlespace Awareness © 2009 Lockheed Martin Corporation ACCA Joint Future Theater Lift Blackswift RATTLRS Hybrid Aircraft Air Mobility Lockheed Martin Aeronautics Company Combat Air 13

Building a Better Workforce Recognized as “Employer of Choice” and Industry “Diversity Leader” · Numerous National Awards and Recognitions, For Example: - “Best Place to Launch a Career” (Business Week) - “Best Places to Work” (Woman Engineer) - “Most Admired Employers” (Black Engineer) · Developing the Workforce of the Future - Community Relations Focus: K-12 Math & Science - Nationwide College Recruiting Brings Best and Brightest to Fort Worth · Reality: Must Replenish Current Manufacturing & Engineering Workforce in Next Decade © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 14

Some Closing Thoughts · Challenges of the World Economy and New Administration’s Emerging Priorities are on Everyone’s Mind - We Know Performance is Key to Our Success · Lockheed Martin is Here for the Long-Haul - Forecast is for Employment Stability with Moderate Growth in a Few Years - Investing Today for 20+ Years of F-35 Production - $1. 2 Billion Annual Payroll - Annual Purchases from N. Texas Suppliers Exceed $1. 3 Billion · We Have an Aggressive “Go Green” Initiative - Dramatically Reducing Waste, Emissions, Hazardous Material Use · Enriching the Community Through Philanthropy & Education · Local Contributions and Volunteer Service Exceed $2 Million Annually © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 15

Feedback to You · Fort Worth’s High Quality of Life Helps Us Attract and Retain a Talented & Diverse Workforce · Managing Encroachment Around Lockheed Martin and NAS Fort Worth - Thank You for Proactive Policies Against Inappropriate Development · Lake Worth Dredging - Thank You for Being Sensitive to Not Dredging Close to Our Facility · We Would Like Input to Future Decisions Regarding Lake Worth Development © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 16

Questions? © 2009 Lockheed Martin Corporation Lockheed Martin Aeronautics Company 17