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

2 © 2009 Lockheed Martin Corporation Lockheed Martin Corporation Space Systems $8.0B IS&GS $11.6B Electronic Systems $11.6B Aeronautics $11.5B 2008 Sales ($B) World Class ROIC Strong Cash Flow Record backlog of $ 81B 27%Orders29%Profit27%Sales 2 Lockheed Martin Aeronautics Company © 2009 Lockheed Martin Corporation

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

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

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

Lockheed Martin Aeronautics Company 6 © 2009 Lockheed Martin Corporation 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... 6 Lockheed Martin Aeronautics Company © 2009 Lockheed Martin Corporation

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

Lockheed Martin Aeronautics Company 8 © 2009 Lockheed Martin Corporation F-22 Air Dominance Fighter  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  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 Cornerstone of 21st Century Global Airpower Lockheed Martin Aeronautics Company F-22 is Ahead of Schedule, On Budget and High Quality © 2009 Lockheed Martin Corporation

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

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

Lockheed Martin Aeronautics Company 11 © 2009 Lockheed Martin Corporation 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

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

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

Lockheed Martin Aeronautics Company 14 © 2009 Lockheed Martin Corporation 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

Lockheed Martin Aeronautics Company 15 © 2009 Lockheed Martin Corporation 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

Lockheed Martin Aeronautics Company 16 © 2009 Lockheed Martin Corporation 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

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