Lockheed Martin and NanoSonic, Inc. sign partnership to study nanotechnology applications

Bethesda, MD, July, 28, 2004– Lockheed Martin Corporation (NYSE: LMT) and NanoSonic, Inc., today signed a multi-year agreement to work on general market developments related to products, services, customer implementations and current projects related to the field of nanotechnology.

This agreement allows both companies to collaborate on emerging nanotechnology initiatives with many applications expected in the aerospace and defense industries. Technical advances to be pursued include those in the nanomaterial and nano-coating areas. Both parties expect to provide improved technical, price and delivery considerations to their customers.

Dr. Sharon Smith, Lockheed Martin director of technology said, "There are a number of excellent nanotechnology companies debuting around the country, and we feel that NanoSonic's research and development efforts align with some of the needs we currently have at Lockheed Martin.  We look forward to a prosperous alliance."

"We believe our partnership with Lockheed Martin will prove to be very beneficial for our Blacksburg, Va., company. And it will boost Virginia's efforts in the relatively new field of nanotechnology," said Dr. Richard O. Claus, president of NanoSonic and a chaired professor of electrical and computer engineering and materials science at Virginia Tech.

Both Claus and Smith are new appointees to Virginia's Joint Commission on Technology and Sciences' Advisory Committee on Nanotechnology.

NanoSonic, headquartered in Blacksburg, Va., was created in 1998 in cooperation with Virginia Tech, and the State of Virginia. It recently announced its manufacturing of a new material called METAL RUBBER™ that conducts electricity like a metal, but stretches like rubber to up to several hundred percent of its original length. The material is being investigated for varied uses from the biomedical to the aerospace industries.

Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2003 sales of $31.8 billion.