#1NEWS TIETEE Lockheed Martin 3rd Quarter 2010 Financial Results Conference Call October 19, 2010 11:00 a.m. EDT "A LOCKHEED MARTIN Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available by 2:00 p.m. EDT October 19, 2010 at www.lockheedmartin.com/investor Audio replay available from 2:00 p.m. EDT October 19, 2010 through midnight October 26, 2010. Access audio replay at: 800-642-1687 U.S. & Canada 706-645-9291 International Confirmation code: 12333113 October 19, 2010#2#3EIG Enterprise Integration Group Announced Sale to Veritas Capital ... $815 million Sale Closure Expected by Year End 2010 Financial Results Classified as Discontinued Operations IS & GS Guidance Revised ● ● 2010 Portfolio/Affordability Actions+ ● - VESP - Voluntary Executive Separation Program ~600 Employees Participating Total Charge to 3Q 2010 Earnings $178 million pre-tax Working with Customer on Timing of Recovery of Program Costs Chart 3 October 19, 2010#4#5#62010 Segment Operating Profit Outlook ($M) Segment Op Profit (July) Segment Op Profit (Oct) Aeronautics $1,475 - 1,500 Electronics $1,655 - 1,680 Chart 6 Space $935-960 IS & GS $960- 985 $5,025 5,125M See Charts 15-16 for Definitions of Non-GAAP Measures Aeronautics $1,475 - 1,500 Electronics $1,655 1,680 Space $935-960 ■ IS & GS $900 - 925 $4,965 5,065M IS & GS Guidance Updated for EIG to Disc Ops October 19, 2010#73Q YTD Cash Flow ($B) $5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0 $3.8B Chart 7 $0.5B $3.3B Free Cash $4.8B | $1.4B | Pension Contrib. $0.4B $3.0B Free Cash YTD 3Q 2009 Free Cash Flow See Charts 15-16 for Definitions of Non-GAAP Measures Pre-Pension Cash Flow Pension Contributions Cash from Ops Capital Expenditures -Free Cash Flow YTD 3Q 2010 Capital Expenditures YTD 3Q 2009 $3.8 4 Pension Contributions YTD 3Q 2010 $4.8 (1.4) $3.4 $3.8 (0.5) (0.4) $3.3 $3.0 Strong Cash Generation YTD 2010.... $3.4 Billion Cash from Ops After Funding $1.4B to Pension October 19, 2010#8#9#10#11#12#13#14#15#16#17