As part of an initiative to develop next-generation advanced materials
      and manufacturing processes, Lockheed Martin and Arconic, a global
      technology, engineering and advanced manufacturing leader, today
      announced a two-year Joint Development Agreement (JDA). Together, the
      companies will develop customized lightweight material systems and
      advanced manufacturing processes, such as metal 3D printing, to advance
      current and next-generation aerospace and defense solutions—including
      new structures and systems not currently in existence.
    
      This agreement expands the longstanding relationship between Arconic and
      Lockheed Martin. The companies currently collaborate on advanced
      materials and manufacturing projects such as the development of process
      modeling, simulation tools and lightweight, corrosion resistant alloys.
      Arconic also supplies Lockheed Martin with a broad portfolio of
      innovative, multi-material products for the F-35 Joint Strike Fighter
      aircraft program—from engine to airframe structures—as well as 3D
      printed metal parts for service on NASA’s Orion spacecraft.
    
      “At Lockheed Martin, we are relentlessly finding ways to develop
      materials that create state-of-the-art advanced capabilities, reduce
      waste and generate efficiencies in manufacturing practices,” said Rod
      Makoske, Lockheed Martin SVP of Corporate Engineering, Technology and
      Operations. “Collaborating with Arconic will help us uncover new ideas
      for materials development where traditional practices aren’t suitable,
      investigate more sustainable material compositions and find ways to
      produce materials more effectively.”
    
      “We have a long history of innovative collaboration with Lockheed Martin
      across multiple platforms—from single-piece forged bulkheads for the
      F-35 to 3D printed parts for the Orion spacecraft—and we are pleased to
      expand on that relationship with this new agreement,” said Ray Kilmer,
      Executive Vice President and Chief Technology Officer, Arconic.
      “Lockheed is always innovating, and it is a privilege to apply our
      materials and manufacturing expertise to help them deliver their next
      generation of cutting-edge products.”
    
      Arconic provides a range of high performance multi-materials and
      products for virtually every aero engine and airframe platform. The
      company’s solutions range from the world’s largest fuselage panels and
      wing skins, to 1/16-inch-diameter fasteners that hold an aircraft
      together. Arconic is a leader in additive manufacturing technologies for
      aerospace.
    
      Lockheed Martin’s newly released 2017 Corporate Sustainability Report
      details how innovative manufacturing techniques – like industrial 3D
      printing – can allow for greater resource efficiency, less materials
      used and potentially lower greenhouse gas emissions over the full life
      cycle of a part.
    
      In 2017, Lockheed Martin made progress toward its goal of creating
      greater manufacturing efficiencies, including completing life-cycle
      assessments on three products, identifying total cost of ownership
      reductions of $574 million from decreased resource consumption and
      impacts on human health and the environment.
    
About Lockheed Martin
      Headquartered in Bethesda, Maryland, Lockheed Martin is a global
      security and aerospace company that employs approximately 100,000 people
      worldwide and is principally engaged in the research, design,
      development, manufacture, integration and sustainment of advanced
      technology systems, products and services. This year the company
      received three Edison Awards for ground-breaking innovations in
      autonomy, satellite technology and directed energy.
    
About Arconic
      Arconic (NYSE: ARNC) creates breakthrough products that shape
      industries. Working in close partnership with our customers, we solve
      complex engineering challenges to transform the way we fly, drive, build
      and power. Through the ingenuity of our people and cutting-edge advanced
      manufacturing techniques, we deliver these products at a quality and
      efficiency that ensure customer success and shareholder value. For more
      information: www.arconic.com.
      Follow @arconic: Twitter,
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      and YouTube.
    
Dissemination of Company Information
      Arconic intends to make future announcements regarding Company
      developments and financial performance through its website on www.arconic.com.
    
       Arconic
Investor Contact
Patricia Figueroa, 212-836-2758
  Patricia.Figueroa@arconic.com  
or
Media        Contact
Lori Lecker, 412-553-3186
  Lori.Lecker@arconic.com  
or
Lockheed        Martin
Media Contact
Krista Alestock, 301-897-6345
 Krista.alestock@lmco.com