Transfer on Death Registration

Lockheed Martin Corporation
6801 Rockledge Drive, Bethesda, MD 20817

Lillian M. Trippett
Vice President, Corporate Secretary
and Associate General Counsel

Dear Stockholder:

Lockheed Martin Corporation (the “Corporation”) offers all stockholders of record the opportunity to register their Corporation Stock in “transfer on death” or “beneficiary” form. Registration in transfer on death form is a form of ownership which enables a stockholder, while retaining all normal rights of ownership during his or her lifetime to designate an individual or entity that will automatically become the stockholder on the death of the current stockholder or the last remaining of multiple stockholders.

Registration in transfer on death form can be accomplished simply by completing the enclosed form entitled "Authorization To Register Stock of Lockheed Martin Corporation in Transfer On Death Form," and returning the Authorization Form, along with your properly endorsed stock certificate(s) with signatures guaranteed to the Corporation's Transfer Agent, EquiServe Company, N.A. ("EquiServe") at the address set forth below.

A transfer on death beneficiary may be any individual or entity, including, trusts, guardianships, corporations, churches, schools, or custodians under the Uniform Transfers to Minors Act. The only entity that may not be designated as a beneficiary is a custodian under the Uniform Gifts to Minors Act. If you wish to designate more than one beneficiary, the security position must be split and one beneficiary designated for each split position.

Once stock is registered in transfer on death form, ownership of the stock will pass to the designated beneficiary outside of probate upon the death of the current stockholder or the last remaining of multiple stockholders. When the death of the stockholder is certified and all other applicable requirements of the Corporation and EquiServe are satisfied, stock registered in transfer on death form will be reregistered in the name of the surviving beneficiary. If the beneficiary predeceases the stockholder or the last remaining of multiple stockholders, the stock will belong to the estate of either the sole stockholder or the last remaining of multiple stockholders. For those stockholders who are enrolled in the Dividend Reinvestment and Stock Purchase Plan, (“DRP”) you may also designate the DRP stock to be registered in transfer on death form by marking the appropriate box on the Authorization Form. A registration in transfer on death form may be changed or revoked by the stockholder without the permission or knowledge of the beneficiary. If at any time you would like to revoke the transfer on death registration or change your beneficiary you must present the stock certificate(s) to EquiServe with proper endorsements and signature(s) guaranteed. THE TRANSFER ON DEATH REGISTRATION MAY NOT BE CHANGED OR REVOKED BY WILL, CODICIL, TELEPHONE OR OTHER WRITTEN OR ORAL COMMUNICATION.

Registration in transfer on death form will be completed by EquiServe. EquiServe will register and reissue your certificates in transfer on death form by placing the abbreviation “TOD” for “transfer on death,” after the name of the registered owner and prior to the name of your intended beneficiary. EquiServe will additionally add the notation “Subject to STA TOD Rules” after each designation which indicates that the Transfer on Death Rules of the Securities Transfer Association govern the issuance of stock in transfer on death form. The following are illustrations of registrations in transfer on death form which EquiServe has authorized:

(1) Sole owner-sole beneficiary:
John S. Brown TOD John S. Brown, Jr. SUBJECT TO STA TOD RULES

(2) Multiple owners-sole beneficiary:
John S. Brown, Mary B. Brown, JT TEN TOD John S. Brown, Jr. SUBJECT TO STA TOD RULES

(3) Sole owner-minor beneficiary:
John S. Brown TOD Mary B. Brown CUST Robert Brown Unif Trans Min Act F1 SUBJECT TO STA TOD RULES

(4) Sole owner-entity beneficiary:
John S. Brown TOD Williams College Alumni Fund SUBJECT TO STA TOD RULES

If you are interested in registering your stock in transfer on death form, please submit the enclosed Authorization Form and your stock certificate(s) containing the appropriate endorsements and signature(s) guaranteed to EquiServe, a division of Equiserve, P.O. Box 43010, Providence, RI 02940-3010. The Authorization Form and stock certificates should be mailed to EquiServe via registered mail, insured for two percent (2%) of the market value at the close of business the day before the mailing date. Instructions on proper endorsement of stock certificates are set forth on the reverse side of your stock certificate(s). Upon receipt, new stock certificates will be issued registering the beneficiaries that you designate and forwarded to you in approximately two weeks. If you have any further questions or would like additional information, please call EquiServe’s Customer Service at (877) 498-8861.

Sincerely,
Lillian M. Trippett

Stockholder Name(s): ________________________________________________
                       (Print or Type Name of Each Stockholder)

I (We), hereby authorize EquiServe to reissue certificates representing the stock of Lockheed Martin Corporation ("LMC") in transfer on death form as instructed below. By authorizing registration in transfer on death ("TOD") form, I (we) hereby acknowledge and agree that pursuant to Md. Code. Ann. Est. & Trusts, Section 16-108 (1995), LMC is forever discharged from any and all claims to a security by an estate, creditor, heir, or devisee of a deceased owner if LMC registers a transfer of the share(s) in accordance with the instructions set forth below. Each stockholder must indicate their acceptance of the foregoing by signing below:

          ____________      _______________________________________________
          (Date)            (Signature)



          ____________      _______________________________________________
          (Date)            (Signature)

I hereby instruct EquiServe to register and reissue the enclosed certificates of LMC stock in transfer on death form as follows:

                 TOD Beneficiary*                     Number of Shares


          ___________________________________          ____________________
          (Type or Print Name of Beneficiary)


          ___________________________________          ____________________
          (Type or Print Name of Beneficiary)


          ___________________________________          ____________________
          (Type or Print Name of Beneficiary)


          ___________________________________          ____________________
          (Type or Print Name of Beneficiary)

I am currently enrolled in the Dividend Reinvestment and Stock Purchase Plan ("DRP") and would like the DRP shares to be registered in TOD form as set forth above.

*Only one beneficiary per registration may be designated. If you wish to designate more than one beneficiary, the security position must be split and one beneficiary designated for each split position. For example, if you have 100 shares and wish to name two beneficiaries, you should split the position and name one beneficiary on 50 shares and the second beneficiary on the other 50 shares. Please do not split the position into fractional shares.