INGERSOLL NAMED SUPPLIER FOR F-35 JOINT STRIKE FIGHTER

ROCKFORD, ILLINOIS (USA), August 8, 2002-At the end of July 2002 Ingersoll Milling Machine Company received a multi-million dollar order from Lockheed Martin Aeronautics Co., Fort Worth, Texas, for five (5) Wing/Fuselage Drilling machines. Delivery is scheduled for fourth quarter 2003.

The machining systems will be used in manufacturing parts for the F-35 Joint Strike Fighter (JSF), drilling fastening holes in wing skins and fuselage structures at speeds up to 9000 rpm. The machines will be outfitted with the latest computer controls for 6-axes automated operation. The two largest machines are 70' long x 20' wide, and 28' high.

The F-35 is the next generation strike aircraft for the Navy, Air Force, Marines and U.S. allies. Together, these services plan to purchase approximately 3,000 aircraft. To gain work on the highly competitive F-35 program, suppliers must prove that they offer "best value," a combination of quality, affordability and technical capability.

Ingersoll is a privately held manufacturer of machine tools and specialty machines for industrial applications around the world. The company has over 1000 employees in its North American Operations, and more than 2500 worldwide. It has manufacturing operations in Rockford, where it has been headquartered for 112 years, in addition to Midland, Michigan and Germany.

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corporation [NYSE: LMT], headquartered in Fort Worth, Texas, is a leader in the design, development, systems integration, production and support of advanced military aircraft and related technologies. Its customers include the military services of the United States and allied countries throughout the world. Lockheed Martin Corp., headquartered in Bethesda, Md., is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. Employing about 125,000 people worldwide, Lockheed Martin had 2001 sales of $24 billion. For more information regarding Lockheed Martin and the Joint Strike Fighter program, please contact John Kent at 817-763-3980 or send e-mail to john.r.kent@lmco.com.