Hawker Beechcraft, Lockheed Martin Team to Compete for U.S. Air Force Light Attack and Armed Reconnaissance Aircraft

WICHITA, Kan. and OWEGO, N.Y., Sept. 15 /PRNewswire/ -- Hawker Beechcraft Corporation (HBC) and Lockheed Martin (NYSE: LMT) have teamed to compete for the opportunity to provide a low-cost, low-risk solution to address U.S. Air Force (USAF) needs for a Light Attack and Armed Reconnaissance (LAAR) aircraft. The USAF is expected to launch an acquisition program in fiscal year 2010.

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HBC, based in Wichita, Kan., will be prime contractor and Lockheed Martin Systems Integration in Owego, NY, will be the mission systems integrator for the Beechcraft AT-6 LAAR aircraft. The AT6 will be a product of the combined heritage and expertise of the two companies, leveraging the existing worldwide fleet of Hawker Beechcraft T6 aircraft that recently passed the one million flying hour milestone, with the proven missions systems integration expertise of Lockheed Martin.

"This teaming agreement marks a big step forward in working to meet the Air Force's emerging Irregular Warfare needs," said Hawker Beechcraft Chairman and CEO Bill Boisture. "By teaming with Lockheed Martin, we will deliver an AT-6 LAAR aircraft that meets the training and light attack capabilities the Air Force needs in one flexible platform. The AT-6 is a low-risk, low-cost solution that complements existing combat aircraft capabilities and will contribute to the Air Force's building partner capacity initiatives around the world."

"The Hawker Beechcraft and Lockheed Martin team bring together the best of both worlds: a proven platform and a proven mission system integration capability," said Marillyn Hewson, president of Lockheed Martin Systems Integration - Owego. "Together, we have a strong offering that will deliver a needed light attack capability requested by the warfighter."

The AT6 incorporates the very best of proven training and close air support capability to meet expected LAAR requirements. The aircraft covers a wide mission spectrum that includes training, manned Intelligence Surveillance and Reconnaissance (ISR) and light precision attack, while also offering non-traditional capabilities for Homeland Defense and Civil Support missions. The AT-6 has tremendous commonality between the USAF T-6A and the U.S. Navy (USN) T6B, and Lockheed Martin-developed missions systems avionics commonality with the combat-tested A10C.

Last week, production began on a second AT-6 prototype, designed to both improve performance and expand mission capabilities over the first AT-6 prototype, which is currently in flight testing through spring 2010.

HBC has been meeting the needs of U.S. and foreign military customers around the world with trainer, weaponized trainer and special mission aircraft, which are currently in service in more than 50 nations. Today, all USAF and USN student pilots train in a Hawker Beechcraft aircraft. Lockheed Martin Systems Integration - Owego is a world leader in mission systems integration on multiple platforms, including the A-10C Precision Engagement modification program, which provides an innovative government industry teamwork approach and combat-proven precision strike capability.

Hawker Beechcraft Corporation is a world-leading manufacturer of business, special mission and trainer aircraft - designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company's headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark.; Chester, England, U.K.; and Chihuahua, Mexico. The company leads the industry with a global network of more than 100 factory-owned and authorized service centers. The company reported 2008 net sales of $3.5 billion.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that 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 2008 sales of $42.7 billion.

This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including statements that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed in our filings with the Securities and Exchange Commission.

SOURCE Hawker Beechcraft Corporation



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