Korea Aerospace Industries and Lockheed Martin Highlight Progress on T-50 Development and Industrial Cooperation

    FARNBOROUGH, England, July 24 /PRNewswire-FirstCall/ -- Officials from
 Korea Aerospace Industries (KAI) and Lockheed Martin Aeronautics Company
 highlighted today (July 24, 2002) at the Farnborough Air Show in England the
 progress of the T-50 advanced trainer being developed by the two aerospace
 companies.
     Lockheed Martin is the principal subcontractor to KAI, the prime
 contractor for the international T-50 Golden Eagle team.
     "This is an exciting time in the T-50 program," said Kil, Hyoung-Bo,
 president of Korea Aerospace Industries.  "The entire industrial team, with
 the support of the Republic of Korea Air Force, has been working diligently on
 this development program, which has remained on track since it began five
 years ago.  We look forward to the first flight, expanding the flight test
 envelope and validating all the systems and capabilities."
     The T-50's first flight is expected in August.  The plane was rolled out
 in September -- more than 100 days ahead of schedule -- and has been
 undergoing extensive ground systems checkouts.  Three other aircraft will join
 the flight test program that will continue through 2005.  The second aircraft
 is undergoing checkout and is expected to begin flying late this year.
     In addition, two structural ground test vehicles were built.  Static
 structural testing began on the first aircraft in January, and durability
 testing on the second is scheduled to begin at the end of this month.  All
 structural and flight testing is being conducted at government facilities in
 Korea.
     The T-50 is the only supersonic advanced jet trainer in development.  It
 will have state-of-the-art aerodynamic/structural design and subsystems to
 approximate advanced fighters.  Subsystems include the latest version of the
 General Electric F404 engine, a full-authority digital flight control system,
 a highly integrated color cockpit, and the latest avionics and processors.
 System reliability and maintainability will help keep readiness and flight
 rates high while holding down operating and support costs.
     "We think there is a large global market for T-50 advanced jet trainers
 and derivatives," said Robie D. Notestine, Lockheed Martin's senior marketing
 director of T-50 International.  "We see a need for a supersonic advanced jet
 trainer that will prepare pilots to fly both today's and tomorrow's advanced
 fighters.  The Golden Eagle is the only aircraft in this class in development
 and is likely to be the only one available in production in the second half of
 this decade.  We also intend to develop a world class training system,
 complete with pilot training simulators and courseware."
     Lockheed Martin's partnership with Korea is just one example of the
 company's successful track record in cooperative development and production
 efforts.  Other cooperative programs include the Taiwan Indigenous Defensive
 Fighter, Japan F-2, F-16 Mid-life Update, Italian C27J and the F-35 Joint
 Strike Fighter.
     A lead-in fighter trainer version, with a multimode radar and armament
 system, is also in development.
     Korea Aerospace Industries Ltd. is the Republic of Korea's national
 aerospace company established in 1999 with the consolidation of Samsung
 Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company.
 KAI lines of business include fixed-wing aircraft, helicopter aircraft and
 satellites.  Its major products are the KF-16, KT-1 basic trainer, T-50/A-50,
 SB427 helicopters, aerostructures and KOMPSAT satellite program.
     Lockheed Martin Aeronautics Co., a business area of Lockheed Martin
 Corporation (NYSE:   LMT), headquartered in Fort Worth, Texas, is a leader in
 the design, development, systems integration, production, and support of
 advanced military aircraft and related technologies.  Its customers include
 the military services of the United States and allied countries throughout the
 world.  Products include the F-16, F-22, F-35 JSF, F-117, T-50, C-5, C-130,
 C-130J, P-3, S-3 and U-2.
     Lockheed Martin Aeronautics Co. is a unit of Lockheed Martin Corp.,
 headquartered in Bethesda, Md.  Lockheed Martin is a global enterprise
 principally engaged in the research, design, development, manufacture and
 integration of advanced technology systems, products and services.  Employing
 about 125,000 people worldwide, Lockheed Martin had 2001 sales of $24 billion.
 
     For information on Lockheed Martin Corp., visit:
 http://www.lockheedmartin.com
     For information on Lockheed Martin Aeronautics Co., visit:
 http://www.lmaeronautics.com
 
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SOURCE Lockheed Martin Aeronautics Company
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