Lockheed Martin Electronic Systems Canada wins contract for advanced Army target system

Business Wire, August 29, 1996

MONTREAL--(BUSINESS WIRE)--August 29, 1996--Lockheed Martin Electronic Systems Canada, a business unit of Lockheed Martin Corporation (NYSE: LMT), has been awarded an $18.3 million contract from the Canadian government to produce and install four computer-controlled targetry systems that will deliver realistic live-fire field training for Canadian soldiers.

The competitive contract award puts Lockheed Martin in a leading position in the training and simulation business in Canada.

The integrated targetry suites consist of static and moving target mechanisms, a target control device and hostile fire simulators. The systems will be used at army bases at Gagetown, New Brunswick; Valcartier, Quebec; Petawawa, Ontario; and Wainwright, Alberta.

The contract will be performed over the next two and a half years, with two range installations in the fall of 1997 and two installations in the fall of 1998.

Lockheed Martin Electronic Systems Canada is a leader in the integration and management of large-scale programs and complex systems. The company's primary capabilities encompass the design development, integration and management of advanced computer-based electronic systems; the design, manufacture and supply of military-standard computers and other products; and the provision of life-cycle support for major systems. The Montreal-based company has operations in Winnipeg, Ottawa, Halifax, Saint John and Victoria.

Lockheed Martin Corporation, headquartered in Bethesda, Md., is a highly diversified advanced technology company with annualized sales of approximately $30 billion. It has more than 190,000 employees worldwide.

CONTACT: Richard Boileau

(514) 340-8365

http://www.lockheed.com