Lockheed Martin and Karem Aircraft Team to Support Department of Defense Joint Heavy Lift Program

Feb 29, 2008, 00:00 ET from Lockheed Martin Aeronautics Company

    PALMDALE, Calif., Feb. 29 /PRNewswire/ -- Lockheed Martin (NYSE:   LMT)
 and Karem Aircraft Incorporated have signed a teaming agreement to jointly
 develop Karem Aircraft's Optimum Speed Tilt-Rotor (OSTR) design. The OSTR
 concept is one of three approaches selected by the Department of Defense
 (DoD) Joint Heavy Lift program office to receive a Concept Design and
 Analysis extension contract.
     Abe Karem, president of Karem Aircraft, said, "Teaming allows us to
 provide our DoD customer with a highly innovative Joint Heavy Lift solution
 that leverages Karem's innovative OSTR aircraft design and Lockheed
 Martin's expertise in system integration, advanced composite design and
 tactical transport aircraft."
     Lockheed Martin's effort will be led by Lockheed Martin Aeronautics'
 Advanced Development Programs organization (The Skunk Works(R)).
     With offices in Lake Forest, Calif., and Fort Worth, Tex., Karem
 Aircraft is a developer of advanced tilt-rotor transport aircraft. Led by
 Abe Karem, this aircraft rapid development team continues the tradition of
 innovation of his previous teams, which developed the Amber and Gnat 750
 (of which the General Atomics Predator is a derivative), unmanned aerial
 vehicle (UAV) systems, as well as the Hummingbird A160 Optimum-Speed Rotor
 UAV, now a Boeing product.
     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.
     Link for photo:
     Photo Caption: Karem Aircraft's Optimum Speed Tilt-Rotor (OSTR) design

SOURCE Lockheed Martin Aeronautics Company