Lockheed Martin Receives Sniper Pod Contract from Republic of Korea Air Force

Orlando, Fla., June 11, 2014 – Lockheed Martin [NYSE:LMT] received a Sniper® Advanced Targeting Pod (ATP) contract in December 2013 from the Republic of Korea Air Force to equip its KF-16 and F-15K aircraft with enhanced precision attack capability. The contract includes pods, spares, support equipment, integration and training.

“The Republic of Korea first deployed Sniper ATP on its F-15K fleet in 2010,” said Marc Nazon, Sniper ATP international program manager at Lockheed Martin Missiles and Fire Control. “Acquiring additional Sniper ATPs provides the Republic of Korea Air Force greater flexibility to act quickly and complete their missions.”

Sniper ATP offers pilots high-resolution imagery for precision targeting and non-traditional intelligence, surveillance and reconnaissance missions. It detects, identifies, automatically tracks and laser designates small tactical targets at long ranges and supports employment of all laser- and GPS-guided weapons against multiple fixed and moving targets.

Sniper ATP provides low life cycle cost and proven low-risk performance. In use by the U.S. Air Force and 16 countries, Sniper ATP is interoperable across multiple platforms, including U.S. Air Force and multi-national F-15, F-16, F-18, A-10, B-1 and B-52 aircraft.

Sniper ATP is manufactured at Lockheed Martin facilities in Orlando and Ocala, Florida; Owego, New York; and Santa Barbara, California.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 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 net sales for 2013 were $45.4 billion.