Stull Stull & Brody Files Class Action Against Lockheed Martin Corporation On Behalf Of Shareholders Who Purchased LMT stock between January 28, 1999 and June 9, 1999

Business Wire, June 24, 1999

LOS ANGELES--(BUSINESS WIRE)--June 23, 1999--

The following was released today by Stull, Stull & Brody:

A class action lawsuit was filed in the U.S. District Court for the Central District of California on behalf of purchasers of Lockheed Martin Corporation ("Lockheed")(NYSE:LMT) common stock between January 28, 1999 and June 9, 1999, inclusive (the "Class Period").

The defendants include Lockheed and certain of its officers and directors. The Complaint charges defendants with violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The complaint alleges that beginning in January of 1999, defendants deliberately inflated the company's stock price by making false and misleading statements about Lockheed's operations and earnings. Then on June 9, 1999, Lockheed shocked the investing public by announcing a loss of $0.10-$0.15 per share in the second quarter of 1999.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Stull, Stull & Brody who has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders.

If you are a member of the class described above, you may, no later than sixty days from June 16, 1999 move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact plaintiff's counsel, Patrice Bishop of Stull, Stull & Brody toll free at 888/388-4605 or via e-mail at secfraud@secfraud.com or visit our website at www.secfraud.com.