Lockheed Martin Acquires Assets Of CDL Systems Ltd.

Fri Dec 21, 2012 4:05pm EST

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BETHESDA, Md.,  Dec. 21, 2012  /PRNewswire/ -- Lockheed Martin [NYSE: LMT]
announced the acquisition of substantially all of the assets of CDL Systems
Ltd., a software engineering firm that specializes in the development and
licensing of vehicle control station software for unmanned systems. Terms of the
agreement were not disclosed and are not material to Lockheed Martin.  

CDL Systems has developed an open, standards-based, and commercial off-the-shelf
software product that has been integrated into numerous unmanned vehicle
platforms.  The company's products are designed on low-cost, interoperable, and
open architecture systems to support government and civil applications around
the world, with more than one million hours of operational use.  CDL Systems was
founded in 1992 in  Calgary, Alberta, Canada, with offices in  Calgary  and 
Huntsville, Ala.    

"This transaction provides us a common software solution with significant
in-theater experience that furthers our ability to meet our customers' growing
need for mission critical unmanned vehicle capabilities," said Lockheed Martin
Chairman and CEO  Bob Stevens. "CDL Systems will be an important addition to our
Mission Systems and Training (MST) business, where it will be integrated with
the recent acquisitions of Chandler/May, Inc. and Procerus Technologies, L.C."

"CDL Systems is an industry leader in the development and systems integration of
interoperable vehicle control software," said CDL Systems CEO  Albert
Sulmistras. "Our success is a direct result of our talented and dedicated
employees and we're excited that this combination will enable us to continue to
expand our reach and grow our business."

As previously announced, Lockheed Martin will reorganize its Electronic Systems
business area into two new business areas and create the MST and Missiles and
Fire Control (MFC) business areas effective  Dec. 31, 2012.  The MST business
area will have 19,000 employees and will be headquartered in  Washington, D.C.  


Headquartered in  Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs about 120,000 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 2011 were  $46.5 billion.

For additional information, visit our website:  http://www.lockheedmartin.com

Lockheed Martin Forward-Looking Statements:
Statements in this release about future actions and the consequences of these
actions are "forward-looking statements" and are based on Lockheed Martin's
current expectations and assumptions. Forward-looking statements in this release
include, but are not limited to, the potential for growth as result of the
transaction. Forward-looking statements are subject to risks, uncertainties and
other factors that could cause actual results to differ materially from future
results expressed or implied by the forward-looking statements. Potential risks
and uncertainties include, but are not limited to: our ability to successfully
integrate the business and generate synergies, the resolution or continuation of
sequestration and the current budget crisis that may lead to changes in funding
levels or changes in customer needs and priorities, the ability to attract and
retain a skilled workforce in an uncertain funding environment, as well as other
risks and uncertainties described from time to time in Lockheed Martin's Form
10-K (including under the caption "Risk Factors") and other filings with the
Securities and Exchange Commission. All information in this release is as of 
Dec. 21, 2012.  Lockheed Martin disclaims any duty to update forward-looking
statements to reflect subsequent events, actual results or changes in
expectations. For further information regarding risks and uncertainties
associated with Lockheed Martin's business, please refer to the Corporation's
SEC filings, which may be obtained at the Corporation's website: 
http://www.lockheedmartin.com.

SOURCE  Lockheed Martin


Keith Little, +1-202-302-3735, keith.little@lmco.com, or Jennifer Allen,
+1-301-897-6308, jennifer.l.allen@lmco.com
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