WASHINGTON, April 2 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Gibbs Technologies have agreed to develop a family of high speed amphibious vehicles designed specifically for military operations.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070402/NEM513 )

The militarized High Speed Amphibians (HSAs) will use technology from a fleet of prototype amphibious vehicles developed by Gibbs Technologies for consumer use, including the Gibbs Aquada, a three-person sports car, Gibbs Humdinga, a four-wheel military vehicle, and Gibbs Quadski, an amphibious all terrain vehicle.

Gibbs' technology enables amphibians to travel at speeds over 45 mph on water and over 100 mph on land -- and to transition from water-to-land or land-to-water in five seconds. These features provide a much needed capability for military littoral, riverine and special operations.

"HSAs are high performance craft on the water, and high performance vehicles on the ground and the transition between the two is seamless," says Alan Gibbs, chairman of Gibbs Technologies. "These are true amphibians, combining the best of both worlds".

Gibbs and Lockheed Martin are developing three military concept vehicles, representing a scalable capability to meet various missions:

    - The Amphibious Combat Craft -- Expeditionary (ACC-E) is a 20-foot
      amphibian capable 45 mph on the water and 80 mph on land;
    - The Amphibious Combat Craft -- Riverine (ACC-R) is a 35-foot amphibian
      capable of 40 mph on the water and 65 mph on land; and,
    - The Terraquad, capable of over 55 mph on the water and 50 mph on land.

Gibbs and Lockheed Martin will advance the development by integrating expeditionary command and control capability, armor and weapons systems. The military version will have network ability to share and distribute information from onboard and remote sensors. The craft will be able to accommodate a variety of weapons systems, based on specific mission needs.

"Until now, our Navy and Special Forces have taken on great risk with sea- to-shore insertions, largely due to a transition period that can last an hour or more in vulnerable areas," said Rich Lockwood, Lockheed Martin Maritime Systems & Sensor's vice president for Mission Systems. "HSA minimizes that risk, allowing forces to move safer and faster -- and with capabilities that make it a powerful asset in a net-enabled force."

Alan Gibbs founded Gibbs Technologies in New Zealand in 1996. Initial amphibian concept work was undertaken in 1997 and 1998 in Detroit. In 1999, excited by the technology, Neil Jenkins merged his business to form Gibbs Technologies UK, of which Gibbs Military Amphibian is a licensee.

Headquartered in Bethesda, MD, Lockheed Martin employs more than 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

SOURCE  Lockheed Martin; Gibbs Technologies
    -0-                             04/02/2007
    /NOTE TO EDITORS:  HSA photos, video and graphics are available online at
www.gibbslockheedamphibians.com. For additional information on Lockheed Martin
Corporation, visit: http://www.lockheedmartin.com. For additional information
on GIBBS MILITARY AMPHIBIANS visit: www.gibbsmilitary.com, Or email
sbailey@gibbstech.co.uk
    /CONTACT:  Ken Ross of Lockheed Martin, +1-856-722-6941, or cell, +1-856-
912-5802, or  kenneth.b.ross@lmco.com, or Larry Weis of AutoCom Associates,
+1-248-647-8621, or lweis@usautocom.com /
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20070402/NEM513
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.lockheedmartin.com /
    (LMT)

CO:  Lockheed Martin
ST:  New Jersey, Maryland
IN:  ARO MAR CPR STW
SU:  CON NPT

AR-AA
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6527 04/02/2007 14:19 EDT http://www.prnewswire.com