Lockheed Martin Selects Fort Walton Machining, Inc. As A Small Business Supplier Of The Year And DoD Mentor-Protégé

FORT WALTON BEACH, Fla., 02/25/2011 --

Lockheed Martin [NYSE: LMT] honored Fort Walton Machining, Inc. (FWMI) today in a ceremony highlighting the company's designation as a 2010 Lockheed Martin Small Business of the Year. FWMI is a current small business supplier to Lockheed Martin's F 35, F-22, F-16 and C-130J programs and participates with Lockheed Martin in the U.S. Department of Defense Mentor-Protégé program.

Officials attending the ceremony included U.S. Rep. Jeff Miller, Florida 1st District; State Rep. Matt Gaetz, Florida 4th District; Mike Anderson, mayor of Fort Walton Beach; Col. David Hlatky, USAF 33rd Fighter Wing Commander, Eglin AFB, Fla.; and other Florida government officials. FWMI was represented by Greg Britton, chief executive officer, and Tim M. McDonald, secretary and treasurer. Hosting the ceremony were Lockheed Martin's J.R. McDonald, vice president of Northwest Florida Operations, and Tom Simmons, vice president of supply chain management.

"I am pleased to present this 2010 Lockheed Martin Small Business of the Year Award to Fort Walton Machining," said Simmons. "We are impressed by Fort Walton Machining's high level of contributions as a supplier to the success of Lockheed Martin's F-35, F-22, F-16 and C-130J programs. It is clear that this company is committed to sustaining excellence and quality in every aspect of manufacturing operations-- including superior customer service."

FWMI's Greg Britton accepted the award. "Fort Walton Machining is proud to be a Lockheed Martin Small Business of the Year and a partner with them in DoD's Mentor-Protégé Program. We intend to learn as much as we can through this partnership, and our intent is to become an even more valuable strategic partner to Lockheed Martin and other defense-related customers by taking our company to the next level," he said.

Britton added, "We are so proud of our new metal finishing division facility that you see before us today. This state-of-the art facility allows our company to continue to grow by expanding our capabilities, our customer-base, and eventually our employee-base. We appreciate the mentoring we received so far through the Mentor-Protégé Program, and also the Lockheed Martin technical experts who helped guide us through the F-35 parts certification process."

The mentor-protégé agreement between FWMI and Lockheed Martin was signed in the fall of 2010. Over the one-year period of the mentor-protégé relationship, Lockheed Martin Aeronautics will assist and guide FWMI in the further development and refinement of the manufacturing and management processes needed to better serve its key aerospace and defense, and commercial markets.

"The Mentor Protégé Program is the ideal way to share best practices, enhance skill sets, technology and opportunities for small businesses. Fort Walton Machining is exactly the kind of supplier we seek as protégé partners. Their cost, quality and delivery performance on several of our aircraft platforms is nothing short of excellent. They have the unmistakable potential to meet critical requirements for high quality components across a number of our platforms," said Simmons. "We look forward to working with Fort Walton Machining to make this a true win-win proposition."

The DoD Mentor-Protégé Program, established in 1991, assists small businesses (protégés) in competing for prime contract and subcontract awards by partnering with large companies (mentors) under individual, project-based agreements.

Fort Walton Machining, Inc. is a recognized leader in the manufacturing and assembly of custom designed, precision machined parts for the aerospace, commercial, defense and medical industries. Established in 1997 by the company's founder, the late Tim J. McDonald, with just two employees, FWMI has grown to more than 210 employees with 2010 sales of $30 million.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 132,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion.

F-35 and Lightning II are trademarks of Lockheed Martin Corporation.