City Council Commends Lockheed Martin Corporation for Contributions to San José

Mayor Ron Gonzales and Councilmember Chuck Reed recognized Lockheed Martin Corporation (NYSE: LMT) in a commendation presented at Tuesday's City Council meeting for the benefits the company provides to the San José economy, community and the United States as a whole.

"Lockheed Martin has been an outstanding corporate leader in our community for the past two decades," said San José Mayor Ron Gonzales. "As an innovator, employer and community partner, the company has contributed to the quality of life for our residents."

With the recent win of the $2 billion Transformational Satellite Communications System Missions Operations System (TMOS) program, the corporation is adding more than 300 jobs and opening a new facility in San José this summer. "Lockheed Martin continues to drive innovation and develop key technologies for space, networking, laser communications and information sharing systems that will keep our nation at the forefront of technology as we move through the 21st century," said Ron Nakamoto, Vice President and General Manager for Intelligence Systems, Lockheed Martin Corporation.

Lockheed Martin is a valued partner in the San José community and has provided volunteer efforts for Second Harvest Food Bank and other charitable organizations, as well as educational outreach programs at local schools, universities and public broadcasting.

The commendation presented by the Mayor and City Council is a part of San José's Business Appreciation Initiative, a key component of the City's Economic Development Strategy and "Getting Families Back to Work" effort. This business-retention effort recognizes San José companies that meet at least one of the following criteria: fast-growth, significant sales tax generator, large employer, or publicly traded company headquartered in San José.

Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion.

For more information on the City of San José's Economic Development Strategy, visit http://www.sjeconomy.com .

About the City of San José's Office of Economic Development

The City of San José's Office of Economic Development (OED) is committed to a vital, competitive San José economy that increases prosperity for people and companies and enhances City revenues. The Office guides the City's economic strategy, provides assistance for business success, helps connect employers with trained workers, and provides art and cultural resources to our community. For more information, please visit, www.sjeconomy.com .

About the City of San José

From its founding in 1777 as California's first city, San José has been a leader, driven by its spirit of innovation. Today, San José stands as the largest city in Northern California and the Capital of Silicon Valley -- the world's leading center of innovation. The city, the 10th largest in the U.S., is committed to remaining a top-ranked place to do business, to work and to live. For more information, visit, www.sanJoseca.gov .

Steven Brewster San José Office of Economic Development (408) 535-8168 Brad Wolf Lockheed Martin Corporation (610) 354-4064