LOCKHEED MARTIN INCREASES DIVIDEND BY 20%

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Increases Share Repurchase Authority by 20 Million Shares

Bethesda, MD, September 27, 2007 — Lockheed Martin Corporation (NYSE: LMT) today announced its quarterly dividend will increase by 20% to 42 cents per share. This is the sixth increase in the company’s quarterly dividend since 2003. The dividend is payable Dec. 28, 2007 to holders of record on Dec. 3, 2007.

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