#1#2Forward Looking Statements 4 Our presentation contains "forward-looking statements" or projections based on Lockheed Martin's current expectations and assumptions. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results could differ materially due to factors such as: the availability of government funding and budgetary constraints; changes in customer priorities; quantity revisions to the F-35 program; return or loss on benefit plan assets, interest rates, and other changes that may affect benefit plan assumptions; the effect of capitalization changes (such as share repurchase activity, advanced pension funding, option exercises, or debt levels); the allow ability of costs under government cost accounting standards; the outcome of legal proceedings; the future impact of acquisitions, divestitures or joint ventures; the timing and availability of future government awards; economic, business and regulatory conditions and other factors. We disclaim any duty to update forward- looking statements to reflect new developments. Our SEC filings (found at www.lockheedmartin.com or at www.sec.gov), including our 2010 Form 10-K, contain more information on the types of risks and other factors that could adversely affect these statements. 2011 Financial Results are Unaudited Chart 2 January 26, 2012#32011 Overview ● ● ● Grew Sales 2% in 2011 Achieved 4Q Orders of $19.8 Billion and Record Backlog of $80.7 Billion Expanded Segment Operating Margin to 11.4% in 2011 vs. 11.0% in 2010 4 Increased EPS From Continuing Operations By 11% in 2011 Generated $4.3 Billion in Cash From Operations after $1.0 Billion Accelerated Pension Contributions Strong Execution ... Strong Year Chart 3 January 26, 2012#4#5#6#7#8#9#10#11#12#13#14#15#16#17#18#19