EXHIBIT 99.2


FOR IMMEDIATE RELEASE
- ---------------------

Contact:      Gary R. Long, President and Chief Executive Officer, or
              John J. Millerick, Senior Vice President
              and Chief Financial Officer
              CalComp Technology, Inc.
              (714) 821-2000

              Roger S. Pondel/Michael Pollock
              Pondel Parsons & Wilkinson
              (310) 207-9300

               CALCOMP RENEGOTIATES REVOLVING CREDIT AGREEMENT;
               ANNOUNCES ADDITIONAL FOURTH QUARTER RESTRUCTURING

     Anaheim, California -- December 20, 1996 -- CalComp Technology, Inc. 
(CalComp) (Nasdaq:CLCP), announced today that it has reached an agreement with 
Lockheed Martin Corporation, CalComp's majority shareholder, to amend its 
existing revolving credit agreement.

     Under the terms of the amendment, Lockheed Martin has agreed to increase
CalComp's existing credit line from $33 million to $73 million.  The amended 
agreement places certain additional restrictions on CalComp and provides that 
the agreement will be secured.  CalComp also announced it will record an 
additional restructuring charge of $14 million in the fourth quarter.

     John J. Millerick, senior vice president and chief financial officer, said,
"It is our intention to use this additional funding to meet working capital, 
investment and restructuring requirements."

     The additional charge of $14 million will bring the total, one-time 
restructuring charge recognized in the fourth quarter to $21 million, or $.46 
per share.  The company revised its estimate of anticipated restructuring costs 
to provide for a write-down of its headquarters facility to its estimated fair 
value and to account for severance costs associated with the elimination of an 
additional 50 positions worldwide.  The company announced in November 1996 its
intention to eliminate certain facilities and reduce its workforce by 235 
positions worldwide.  Commenting further, Millerick said, "The company's 
intention is to eliminate redundant costs wherever possible.  We are committed 
to do whatever is required to meet our stated goal of achieving sustainable, 
profitable growth."

     CalComp Technology, Inc. is a leading supplier of computer graphics 
peripheral products, including large format LED, direct and dry imaging, vector 
and ink jet plotters and printers, sign cutters, digitizers and large format 
scanners.  The company's products are marketed throughout the world to CAD/CAM 
and graphic arts customers.  CalComp Technology, Inc. provides full service 
product support and technical assistance, sells supplies and provides 
after-warranty service.

     This press release contains certain forward-looking statements within the 
meaning of the Private Securities Litigation Reform Act of 1995.  Actual results
may differ materially from those indicated by such statements as a result of 
various factors, including those discussed in the company's Form 10-K on file 
with the SEC.

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