Lockheed Martin Awarded $20.6 Million for U.S. Navy Surface Force's AN/SQQ-89A(V)15 Undersea Warfare System

July 18, 2007

MANASSAS, Va., July 18 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) received two U.S. Navy contracts worth $20.6 million to provide integration engineering and engineering support for the AN/SQQ-89A(V)15 undersea warfare system.

Under the terms of the contracts, Aegis-equipped cruisers and destroyers will be updated to the latest AN/SQQ-89A(V)15 configuration. The system employs an open architecture business model using state-of-the-art commercial computing technology to achieve major performance gains over previous designs, at reduced cost. The U.S. Navy's goal is to achieve a single, common configuration to reduce system life cycle costs while allowing for rapid war fighting improvements.

The AN/SQQ-89A(V)15 is the U.S. Navy surface force's undersea warfare combat system and is installed on all of the Navy's Aegis-equipped cruisers and destroyers. Using a variety of underwater sensors, the system detects, classifies and localizes submarines and other undersea threats. It includes a hull-mounted sonar, towed array, a sonobuoy processing system and a fire- control system used to launch weapons against undersea targets, all integrated with the Lockheed Martin-produced Aegis Combat System.

"The AN/SQQ-89A(V)15 is the U.S. Navy surface force's premier Anti- Submarine Warfare System," said Denise Saiki , Lockheed Martin's Undersea Systems business vice president & general manager . "Working closely with the Navy, we have led the system design team, and have been delivering, modernizing and supporting the SQQ-89 system for more than 25 years. Its capability is second to none."

For this contract, Lockheed Martin has again teamed with Advanced Acoustic Concepts, Inc., a key developer and integrator of many of the functional performance improvements to the AN/SQQ-89 since 1999. The company also integrated and produced the system's test bed to validate the advanced capabilities offered to the surface anti-submarine warfare community. Lockheed Martin's Undersea Systems facility in Syracuse , NY and Advanced Acoustic Concepts, Inc. in Uniontown, PA, will manage the contracts, which are part of a multi-version AN/SQQ-89A(V)15 production and engineering program at those facilities.

Advanced Acoustic Concepts, Inc. is a distributed engineering firm headquartered in Hauppauge, NY, with 12 locations nationwide, including Uniontown, which serves as the company's hardware integration and testing center. The company specializes in advanced integrated sonar and detection systems, training/knowledge management systems, and rapid supportability initiatives for both naval and homeland security applications.

Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

For additional information, visit our website: http://www.lockheedmartin.com

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