INSpire Insurance Solutions, Lockheed Martin Global Telecommunications Join In Strategic Alliance

INSpire Insurance Solutions a leader in property and casualty outsourcing and software services, and Lockheed Martin Global Telecommunications (LMGT), a wholly owned subsidiary of Lockheed Martin Corporation (NYSE: LMT) and a premier global provider of advanced technology solutions and network services to enterprise customers, today signed a 10-year agreement creating a strategic alliance to serve INSpire's existing customer base and to generate new information technology opportunities in the property and casualty insurance marketplace.

The alliance combines leading-edge capabilities -- INSpire's policy and claims administration outsourcing and software solutions with Lockheed Martin's global information technology capabilities -- to provide the most comprehensive and secure end-to-end insurance outsourcing solution. As part of the alliance, Lockheed Martin will manage all of INSpire's infrastructure services, including data centers, telecommunications systems, help desk operations, desktop support services and asset management.

Together, the companies will leverage their capabilities to expand their share of the policy and claims administration industry. Property and Casualty carriers in INSpire's target market spend an estimated $10 billion annually on policy and claims administration, with most of these services performed in- house. Lockheed Martin's ability to attract tier-one carriers expands this market even further.

"This alliance with Lockheed Martin marks a major milestone in INSpire's transformation, a process we began last December with a renewed commitment to customer service and improved productivity," said John Pergande, chairman and CEO of INSpire.

Over the past year, INSpire has focused on strengthening its management team, its financial stability and its long-term staying power, added Pergande. Having cut expenses and implemented strong new management, INSpire is now further strengthening its long-term viability through this alliance with Lockheed Martin. This partnership with Lockheed Martin demonstrates our commitment to the advice that we offer to our customers. "Focus on what you do best and outsource the rest to a company that can leverage technology to reduce your costs."

"With Lockheed Martin as a partner, INSpire will now be able to offer a level of data security, business continuity, backup and disaster recovery services that we could not provide on our own," Pergande said. "Our customers can expect the same exemplary service, but with the added benefit of knowing that their infrastructures are managed by a global information technology leader known for its best-industry practices and long history of unparalleled security."

"The insurance marketplace represents a targeted strategic growth area for Lockheed Martin. With INSpire's insurance expertise, we can provide better solutions for new insurance customers," said Steven Lubniewski, president of Lockheed Martin's Enterprise Solutions-U.S. business unit.

"This partnership is timely news for the property and casualty insurance industry. We design, integrate and manage some of the world's most complex IT infrastructures and high-speed data networks. With this alliance, we are combining Lockheed Martin's strengths with INSpire's best-of-breed INSideOUT software to better meet industry needs," said Lubniewski.

"Lockheed Martin is committing significant resources in order to assure the success of this venture. This will come in the form of infrastructure improvements and joint business development. The financial impact to INSpire of the infrastructure component will total $5.4 million over the life of the agreement," Pergande said. "We have great hopes that this partnership will have a significant impact on both companies' ability to sign new business."

INSpire's Chief Technology Officer, Gordon Gaar, and Director of Strategic Initiatives, Larry Stern, led an effort that began in April, 2001. "We put together an RFP and reviewed proposals from 10 of the top IT services companies in the US. Lockheed Martin was the clear winner due to its experience in the insurance industry, the depth of its IT capabilities, and its passion to grow its insurance portfolio," stated Larry Stern.

About INSpire Insurance Solutions
INSpire Insurance Solutions, Inc. provides policy and claims administration solutions for all property and casualty insurance products. As one of the foremost providers of outsourcing and integrated systems, INSpire serves clients with needs to enter new markets quickly, reduce expenses, increase customer satisfaction and focus on core competencies. Additional information can be obtained from INSpire's Web site at www.nspr.com or by calling 817-348-3999.

About Lockheed Martin Global Telecommunications LMGT, a wholly owned subsidiary of Lockheed Martin Corporation, delivers secure, reliable, advanced-technology products and services to help enterprise customers leverage their information technology and telecommunications assets.

LMGT is headquartered in Bethesda, Maryland, and includes the satellite, network and product assets of the former COMSAT Corporation and the Integrated Business Solutions unit of Lockheed Martin. LMGT has annual revenues in excess of $1 billion and employs approximately 3,500 people worldwide with major points of presence in North and South America, Europe and Asia. Additional information can be obtained at www.lmgt.com .

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to INSpire or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to INSpire's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to: difficulties associated with growth, INSpire's dependence on major customers and limited operating history, technological change, competitive factors and pricing pressures, product development risks, changes in legal and regulatory requirements, general economic conditions and other factors. Such statements reflect the current views of INSpire's management with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of INSpire. All subsequent written and oral forward-looking statements attributable to INSpire, or persons acting on its behalf, are expressly qualified in their entirety by this paragraph. In the context of forward-looking information provided in this press release, reference is made to the discussion of risk factors detailed in the company's filings with the Securities and Exchange Commission during the past 12 months.

INSpire Insurance Solutions®, 300 Burnett St, Fort Worth, TX 76102-2799. Tel: 817-348-3999; Fax: 817-348-3990.