New Delhi, February 15, 2008—Lockheed Martin [NYSE: LMT] is set to expand its presence in India in 2008 with the opening of its India subsidiary and appointment of Ambassador Douglas A. Hartwick as Chief Executive of Lockheed Martin India Pvt. Ltd.

Lockheed Martin’s India Innovation Growth Programme launched in March 2007 continues to receive an overwhelming response from innovators across India. Some 327 fresh applications have been received in the second year of the programme from which 60 promising technologies have been shortlisted. Further, a three-day Workshop on “Commercialization Strategies for Entrepreneurs” will be held from 18th to 20th February 2008 by FICCI and IC2 Institute, Lockheed Martin partners for the programme.  Ambar Jyoti, Network Centric Operations Centre was inaugurated in August 2007 in collaboration with Wipro.

Providing a global overview of the company at a Special Defexpo curtain raiser briefing, Ambassador Hartwick spoke about the core markets and also provided a glimpse into these applications for the Indian defence, security and civil markets.

Emphasising the company’s product diversity, Ambassador Hartwick stated, “While Lockheed Martin is often known for its leading aeronautics products such as its combat aircraft or the C-130J airlifter, some 70 percent of the corporation’s turnover comes from products and services outside of its aeronautics business.” Lockheed Martin business areas include Aeronautics, Information Systems & Global Services, Electronic Systems and Space Systems. The company has a balanced portfolio with a diverse customer base.

Lockheed Martin makes global products for global markets. The F-16 multi-role fighter is the choice of 24 nations worldwide.  The C-130J Super Hercules transport aircraft, a recent choice of the Indian Air Force, remains unmatched in reliability, capability and value.

Other products and programmes of interest to the Indian market include the world’s most advanced and powerful air defence missile, the hit-to-kill Patriot Advanced Capability PAC-3; the revolutionary Pathfinder pilotage system; proven maritime systems including the P-3C Orion; the Aegis Combat System; and Net-enabled command and control.   

Other products and programmes of interest to the Indian market include the world’s most advanced and powerful air defence missile, the hit-to-kill Patriot Advanced Capability PAC-3; the revolutionary Pathfinder pilotage system; proven maritime systems including the P-3C Orion; the Aegis Combat System; and Net-enabled command and control.   

Lockheed Martin is committed to a long-term partnership in technology development, manufacturing and strategic collaboration in third markets with Indian companies from both the public and private sectors. Its broad-based portfolio can address important Indian requirements in defence, security and delivery of vital public services. Lockheed Martin has an unmatched performance record in establishing partnerships with industry.

Lockheed Martin is committed to a long-term partnership in technology development, manufacturing and strategic collaboration in third markets with Indian companies from both the public and private sectors. Its broad-based portfolio can address important Indian requirements in defence, security and delivery of vital public services. Lockheed Martin has an unmatched performance record in establishing partnerships with industry.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.