PerkinElmer Selected as Lockheed Martin Supplier for Joint Common Missile Program; Fuze and Power Supply Contracts Could Reach $100M in Production.

BOSTON -- PerkinElmer, Inc. (NYSE: PKI) today announced its selection by Lockheed Martin (NYSE: LMT) to provide two critical subsystems for the Joint Common Missile (JCM). The initial contract is for development and prototype work through mid-2005.

PerkinElmer's Optoelectronics unit will design and manufacture the firing modules for the electronic safe and arm device (ESAD) fuze system, as well as the power supply for the next-generation precision-strike air-to-ground missile system.

Over the life of the program, production contracts for these two subsystems could be in excess of $100 million to meet domestic requirements. Foreign military sales are also expected to be significant; the United Kingdom has already expressed interest in potential co-production of the new missile system.

The Joint Common Missile provides extended-range fire-and-forget capability and robust performance against countermeasures to minimize exposure of pilots to the dangers of enemy fire. The multi-purpose missile will be fired from a variety of fixed- and rotary-wing aircraft and possibly from ground vehicles as part of the Future Combat Systems program.

The U.S. Army, Navy and Marine Corps are expected to purchase up to 54,000 JCM rounds to replace the Hellfire, Longbow and Maverick missiles currently in their arsenal.

JCM's multi-service, multi-mission requirements place significant demands on the design of the fuze and missile power systems. The missile's warhead and associated multi-target, time-delay programmable fuze provide both a shaped-charge capability to defeat armored targets and a blast fragmentation capability for use against lightly armored or soft targets. The warhead design and the single fuze allow the pilot to select either of the two different detonation modes just prior to missile launch.

"The performance of the PerkinElmer ESAD, a derivative of its successful design used in the Javelin missile, contributed to our selection as the JCM prime contractor," said Rick Edwards, director of Tactical Missiles for Lockheed Martin Missiles and Fire Control. "The fuze was subjected to air gun firings of test missiles against brick-over-block structures, as well as howitzer shots that blasted it through concrete walls, and it performed flawlessly."

"We selected PerkinElmer to provide the power supply for this program because they demonstrated a unique capability to provide a very lightweight, efficient power supply at an affordable price," said Steven Barnoske, Lockheed Martin JCM program manager.

"PerkinElmer is uniquely qualified to deliver world-class solutions that meet or exceed the demanding needs of our military-aerospace partners," said John Murphy, president, PerkinElmer Optoelectronics. "From design to deployment, customers such as Lockheed Martin rely upon our optoelectronics solutions and expertise to support their rigorous performance requirements. We are proud of this proven track record of success in supporting the creation of a new generation of smart weaponry."

PerkinElmer, Inc. is a global technology leader focused in the following businesses: life and analytical sciences, optoelectronics and fluid sciences. Combining operational excellence and technology expertise with an intimate understanding of our customers' needs, PerkinElmer provides products and services in health sciences and other advanced technology markets that require innovation, precision and reliability.

The company serves customers in more than 125 countries and is a component of the S&P 500 Index. Additional information is available through www.perkinelmer.com or 1-877-PKI-NYSE.

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