News Release
March 17, 2000

LOCKHEED MARTIN AND DUKE ENGINEERING & SERVICES ANNOUNCE FORMATION OF CORPORATE PARTNERSHIP

OAK RIDGE, TENN. – Lockheed Martin and Duke Engineering & Services (DE&S) are proud to announce the formation of a corporate partnership to compete for the rebid of nuclear facility operations at the Y-12 facility.

Lockheed Martin, which has supported theY-12 facility for the past 16 years, is teaming with DE&S in order to continue providing the Department of Energy (DOE) world-class operational support.

Both companies have a strong regional presence and share a long-term commitment to DOE's national safeguards and security programs. This partnership will continue to provide access to Lockheed Martin's corporate resources and capabilities, while introducing a full range of innovative solutions from both companies to meet the challenges Y-12 and the Defense Programs Complex will face in the 21st century.

Ed Bergin, who assumed the role of general manager of the Y-12 facility Feb. 1, was especially excited about adding DE&S to the Lockheed Martin team. "I could not imagine a better match of capabilities," he said. "Our DOE customers and our workforce should be very excited. DE&S' project management capabilities and extensive operational competencies perfectly complement Lockheed Martin's expertise and experience at Y-12."

Bob Van Hook, Lockheed Martin Energy Systems (LMES) president, said, "DE&S is an international energy company with best-in-class nuclear operations. Their presence and commitment enhance our continued partnership with DOE, the community and the state of Tennessee to ensure Y-12's continued success."

"We are very pleased to join the Lockheed Martin team," said Ron Green, chief executive officer, Duke Engineering & Services. "Together we form a dynamic team with complementary strengths that will further enhance Y-12's national security mission and augment the core competencies LMES has provided for the past 16 years."

Lockheed Martin, which is headquarted in Bethesda, Md., is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporation's core businesses are systems integration, spacc, aeronautics and technology services. Lockheed Martin's 1999 sales exceeded $25 billion. Lockheed Martin Energy Systems is a wholly owned subsidiary of the corporation and has been part of the Oak Ridge community for 16 years.

Headquartered in Charlotte, N.C., Duke Engineering & Services is an independently operated business affiliate of Duke Energy, a diversified multi-national energy company that generated revenues of nearly $22 billion in 1999. DE&S specializes in energy and environmental projects and holds a unique perspective to project planning and execution. DE&S has more than five years of experience in Oak Ridge and with DOE.

Contact: Dianne M. Knippel (Lockheed Martin)
Phone: 854/241-1121
24 Hour Phone: 704-382-8333
Email: media_relations@duke-energy.com
Contact: Tommy Smith (DE&S)
Phone: 704/382-3403
24 Hour Phone: 704/382-8333
Email: tbsmith@duke-energy.com