LM and Karem Support DoD Joint Heavy Lift Program

(Palmdale, Calif., April 2, 2008) -- 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)'s 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."

Source : Lockheed Martin

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