Contact:    John Millerick
            Senior Vice President
            and Chief Financial Officer
            CalComp Technology, Inc.
            (714) 821-2500

            Mike Pollock/Roger Pondel
            Pondel Parsons & Wilkinson
            (310) 207-9300

                                                           FOR IMMEDIATE RELEASE

               CALCOMP RESTRUCTURES DEBT OWED TO LOCKHEED MARTIN;
               ENGAGES BANKER TO ADVISE ON STRATEGIC ALTERNATIVES

     ANAHEIM, CA -- July 16, 1998 -- CalComp Technology, Inc. (Nasdaq:CLCP)
today announced it has completed an agreement to restructure $60 million of
long-term debt owed to Lockheed Martin Corp. (NYSE:LMT) and has engaged Salomon
Smith Barney to advise the company on strategic alternatives.

     Under the new agreement, Lockheed Martin will receive 1,000,000 non-voting
shares of 8% non-convertible Series A Preferred stock of CalComp Technology,
Inc., priced at $60 per share.  As part of the agreement, CalComp's revolving
line of credit with Lockheed Martin will be reduced to $13 million from $73
million. The company said it expects to use this line to meet operating expenses
in the third quarter ending September 27, 1998.

     John Batterton, president and chief executive officer of CalComp, said the
company had previously entered into a letter of intent with a bank for an
additional $25 million senior line of credit, but was not able to reach
agreement, and these negotiations were recently terminated.

     Batterton said Lockheed Martin has agreed to consider providing CalComp
with additional funding to meet the company's liquidity requirements.  Failure
to obtain additional funding will result in material liquidity problems for the
company.

     With the completion of the Lockheed Martin preferred stock agreement and
the resulting improvement of its balance sheet, CalComp continues to meet the
requirements for its common shares to trade on Nasdaq's National Market System.

 
     CalComp is a leading developer and manufacturer of computer graphics
peripherals and supplies for business and professional applications.  As an
industry leader in piezo inkjet technology, CalComp develops image marking
systems and components which support advanced digital printing applications. For
more information, visit the CalComp Web site at www.calcomp.com, or call 800
CALCOMP (800-225-2667).

     This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 related to
CalComp Technology's ability to successfully conclude negotiations with Lockheed
Martin and obtain additional funding required to meet near term liquidity
requirements.  Actual results may differ materially from those indicated by such
statements as a result of various factors, including those discussed in the
Company's periodic reports filed with the SEC and its most recently filed Form
8-K.

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