Obbligazione Lockheed-Martin 3.35% ( US539830AY52 ) in USD

Emittente Lockheed-Martin
Prezzo di mercato 100 USD  ▲ 
Paese  Stati Uniti
Codice isin  US539830AY52 ( in USD )
Tasso d'interesse 3.35% per anno ( pagato 2 volte l'anno)
Scadenza 15/09/2021 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Lockheed Martin US539830AY52 in USD 3.35%, scaduta


Importo minimo 2 000 USD
Importo totale 900 000 000 USD
Cusip 539830AY5
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Descrizione dettagliata Lockheed Martin è una delle maggiori aziende al mondo nel settore aerospaziale e della difesa, operante nella progettazione, sviluppo, produzione e manutenzione di sistemi tecnologicamente avanzati.

The Obbligazione issued by Lockheed-Martin ( United States ) , in USD, with the ISIN code US539830AY52, pays a coupon of 3.35% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/09/2021







424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
424B5 1 d424b5.htm 424B5
Table of Contents
Filed pursuant to Rule 424(b)(5)
Registration No. 333-176446
CALCULATION OF REGISTRATION FEE


Title of Each Class
Maximum Aggregate Offering
of Securities to be Registered

Price

Amount of Registration Fee(1)
2.125% Notes due 2016

$ 500,000,000

$ 58,050
3.350% Notes due 2021

$ 900,000,000

$104,490
4.850% Notes due 2041

$ 600,000,000

$ 69,660
Total

$2,000,000,000

$232,200



(1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933.
1 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
Prospectus Supplement
(To Prospectus dated August 23, 2011)
We are offering $500,000,000 aggregate principal amount of our 2.125% Notes due 2016 (the "2016 notes"),
$900,000,000 aggregate principal amount of our 3.350% Notes due 2021 (the "2021 notes"), and
$600,000,000 aggregate principal amount of our 4.850% Notes due 2041 (the "2041 notes," and together with the
2016 notes and the 2021 notes, the "notes").
The 2016 notes wil mature on September 15, 2016, the 2021 notes wil mature on September 15, 2021, and the
2041 notes wil mature on September 15, 2041, in each case, unless redeemed earlier. We wil pay interest on the notes
on March 15 and September 15 of each year. The first interest payment wil be made on March 15, 2012. The notes wil
be issued only in denominations of $2,000 and $1,000 multiples above that amount.
We have the option to redeem al or a portion of the notes at any time at the redemption prices set forth in this
prospectus supplement. See "Description of the notes--Optional redemption" in this prospectus supplement.
The notes wil be our unsecured obligations and wil rank equal y with al our other unsecured and unsubordinated debt.
Investing in the notes involves risk. See "Risk factors" beginning on page S-4 of this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or
the accompanying prospectus. Any representation to the contrary is a criminal offense.


Per
Per
Per

2016 Note
Total
2021 Note
Total
2041 Note
Total

Initial public offering price
99.924% $499,620,000 99.730% $897,570,000 99.279% $595,674,000
Underwriting discount
0.350%
$
1,750,000 0.450% $
4,050,000 0.875% $
5,250,000
Proceeds to us, before expenses
99.574% $497,870,000 99.280% $893,520,000 98.404% $590,424,000


The initial public offering prices set forth above do not include accrued interest, if any. Interest on the notes wil accrue
from September 9, 2011, and must be paid by the purchasers if the notes are delivered after September 9, 2011.
The underwriters expect to deliver the notes through the facilities of The Depository Trust Company, for the benefit of its
participants, including Clearstream Banking and the Euroclear System, against payment in New York, New York on or
about September 9, 2011.
Joint Book-Running Managers

Citigroup J.P. Morgan BofA Merrill Lynch Morgan Stanley Wells Fargo Securities
Joint Lead Managers
Credit Agricole CIBGoldman, Sachs & Co.Mitsubishi UFJ SecuritiesMizuho Securities USA Inc.UBS Investment BankUS Bancorp
Co-Managers
ANZ SecuritiesLloyds SecuritiesRBC Capital MarketsSMBC Nikko
Prospectus Supplement dated September 6, 2011.
2 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
Prospectus supplement



Page
Summary
S-1
The offering
S-3

Risk factors
S-4

Recent legislative developments
S-5

Use of proceeds
S-6

Capitalization
S-7

Description of the notes
S-8

Certain United States federal tax consequences
S-13
Underwriting
S-17
Validity of the notes
S-21
Prospectus



Page
About This Prospectus

1

Our Company

2

Risk Factors

2

Forward-Looking Information

3

Incorporation of Certain Information by Reference

4

Where to Find Additional Information

5

Ratio of Earnings From Continuing Operations to Fixed Charges

5

Use of Proceeds

5

Description of Debt Securities

6

Plan of Distribution

12
Legal Matters

13
Experts

13
We have not authorized anyone to give any information or to make any representations concerning the notes
except those which are in this prospectus supplement, the accompanying prospectus, any related free writing
prospectus that we authorize, or any documents incorporated by reference into this prospectus supplement or
the accompanying prospectus. We take no responsibility for, and can provide no assurance as to the reliability
of, any other information or representations that others may give or make to you. This prospectus supplement
is not an offer to sell or a solicitation of an offer to buy any securities other than the notes that are referred to
in this prospectus supplement. This prospectus supplement is not an offer to sell or a solicitation of an offer to
buy notes in any circumstances in which the offer or solicitation is unlawful. You should not interpret the
delivery of this prospectus supplement and the accompanying prospectus, or any offer or sale of notes, as an
indication that there has been no change in our affairs since the date of this prospectus supplement.
As used in this prospectus supplement, unless otherwise indicated, "Lockheed Martin," "the company," "we," "our," and
"us" are used interchangeably to refer to Lockheed Martin Corporation or to Lockheed Martin Corporation and its
consolidated subsidiaries, as appropriate to the context.

i
3 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
The following summary is qualified in its entirety by the more detailed information included elsewhere in this
prospectus supplement and the accompanying prospectus. Because this is a summary, it may not contain all the
information that may be important to you. You should read the entire prospectus supplement and the accompanying
prospectus, including "Risk factors" beginning on page S-4, and the financial statements and the notes to those
statements and other information incorporated by reference, before making a decision whether to invest in the
notes.
The company
Lockheed Martin is a global security company that is principal y engaged in the research, design, development,
manufacture, integration, and sustainment of advanced technology systems and products. We provide a broad range
of management, engineering, technical, scientific, logistic, and information services. We serve both domestic and
international customers with products and services that have defense, civil, and commercial applications, with our
principal customers being agencies of the U.S. Government. We were formed in 1995 by combining the businesses
of Lockheed Corporation and Martin Marietta Corporation. We are a Maryland corporation.
In 2010, approximately 85% of our $45.8 bil ion in net sales were to the U.S. Government, either as a prime
contractor or as a subcontractor. Our U.S. Government sales were to both Department of Defense (DoD) and
non-DoD agencies. The remainder of our net sales primarily were to international customers (including foreign military
sales funded, in whole or in part, by the U.S. Government), which represented approximately 14% of our 2010 net
sales.
We operate in four principal business segments: Aeronautics, Electronic Systems, Information Systems & Global
Solutions (IS&GS), and Space Systems. The fol owing is a brief description of the activities of each of our principal
business segments:
Aeronautics--Engaged in the research, design, development, manufacture, integration, sustainment, support, and
upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related
technologies.
Electronic Systems--Manages complex programs and designs, develops, produces, and integrates hardware and
software solutions to ensure the mission readiness of armed forces and government agencies worldwide. Global
security solutions include advanced sensors, decision systems, and weapons for air-, land-, and sea-based
platforms. The segment integrates land vehicles, ships, and fixed- and rotary-wing aircraft.
Information Systems & Global Solutions--Provides management services, information technology solutions, and
advanced technology expertise across a broad spectrum of applications to U.S. Government and other
customers. IS&GS provides ful life-cycle support and highly specialized talent in the areas of software and systems
integration, including capabilities in space, air, and ground systems for a wide variety of defense and civil government
agencies in the U.S. and abroad.


S-1
4 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
Space Systems--Engaged in the design, research and development, engineering, and production of satel ites,
strategic and defensive missile systems, and space transportation systems.
Our principal executive offices are located at 6801 Rockledge Drive, Bethesda, Maryland 20817, and our telephone
number at that address is (301) 897-6000. Our website home page on the Internet is
http://www.lockheedmartin.com. Information from our website is not incorporated into this prospectus supplement or
the accompanying prospectus and does not constitute a part of this prospectus supplement or the accompanying
prospectus.


S-2
5 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
The following is a summary of some of the terms of the notes offered hereby. For a more complete description of
the terms of the notes, see "Description of the notes" in this prospectus supplement.

Issuer
Lockheed Martin Corporation.

Notes Offered
$500,000,000 principal amount of 2016 notes.


$900,000,000 principal amount of 2021 notes.


$600,000,000 principal amount of 2041 notes.

Maturity
The 2016 notes wil mature on September 15, 2016, the 2021 notes wil mature on
September 15, 2021 and the 2041 notes wil mature on September 15, 2041.

Interest
The 2016 notes wil bear interest from September 9, 2011, at an annual rate of
2.125%. The 2021 notes wil bear interest from September 9, 2011, at an annual rate
of 3.350%. The 2041 notes wil bear interest from September 9, 2011, at an annual
rate of 4.850%. Interest is payable on March 15 and September 15 of each year,
beginning on March 15, 2012.

Optional Redemption
We may redeem the notes of each series in whole at any time or in part from time to
time at the applicable make-whole premium redemption prices described under
"Description of the notes--Optional redemption" in this prospectus supplement.

Ranking
The notes wil be our general unsecured obligations and wil rank equal y with al of
our other current and future unsecured and unsubordinated debt, but effectively wil
be junior to any current and future secured debt to the extent of the assets securing
that debt. The notes also effectively wil be subordinated to all indebtedness and
other liabilities of our subsidiaries.

Authorized Denominations
Minimum denominations of $2,000 and $1,000 multiples above that amount.

Use of Proceeds
We estimate that the net proceeds from this offering, after deducting estimated fees
and expenses and underwriting discounts and commissions, wil be approximately
$1,979,614,000. We intend to use a portion of the net proceeds from this offering to
redeem all of the $500 mil ion aggregate principal amount of our 4.121% Notes due
2013 (the "2013 notes") at their redemption price (which we expect wil be
approximately $526 mil ion) and to use the remaining net proceeds from this offering
for general corporate purposes. See "Use of proceeds."

No Listing of the Notes
We do not intend to apply to list the notes on any securities exchange or to have the
notes quoted on any automated quotation system.

Governing Law
Maryland law wil govern the Indenture and the notes.


S-3
6 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
An investment in the notes involves risk. You should carefully consider the following risks, together with the
information included in or incorporated by reference in this prospectus supplement and the accompanying prospectus
before deciding whether an investment in the notes is suitable for you. In addition to the risk factors set forth below, we
also specifically incorporate by reference into this prospectus supplement the section captioned "Item 1A. Risk
Factors" contained in our Annual Report on Form 10-K for the year ended December 31, 2010, and in our Quarterly
Reports on Form 10-Q for the quarters ended March 27, 2011 and June 26, 2011. If any of these risks actually occurs,
our business, results of operations, financial condition, or cash flows could be materially and adversely affected. In
such an event, the trading prices of the notes could decline, and you might lose all or part of your investment.
The indenture does not limit the amount of indebtedness that we may incur.
The indenture under which the notes wil be issued does not limit the amount of indebtedness that we may incur. The
indenture does not contain any financial covenants or other provisions that would afford the holders of the notes
protection in the event of a decline in our credit quality resulting from highly leveraged or other transactions involving us.
The notes are obligations exclusively of Lockheed Martin Corporation and not of our subsidiaries and payment
to holders of the notes will be structurally subordinated to the claims of our subsidiaries' creditors.
The notes wil be our general unsecured obligations and wil rank equal y with al of our other current and future
unsecured and unsubordinated debt and senior in right of payment to all of our future subordinated debt. The notes are
not guaranteed by any of our subsidiaries. Although most of our business currently is conducted through Lockheed
Martin Corporation, to the extent that we were to conduct operations through subsidiaries, the assets of our subsidiaries
would not be available directly for payments on the notes. The notes effectively wil be subordinated to all indebtedness
and other liabilities of our subsidiaries.
There are no public markets for the notes, which could limit their market price or your ability to sell them.
The notes are new issues of securities for which there currently are no trading markets. As a result, we cannot provide
any assurance that markets wil develop for the notes or that you wil be able to sel your notes. If the notes are traded
after their initial issuance, they may trade at a discount from their initial offering price. Future trading prices of the notes
wil depend on many factors, including prevailing interest rates, the market for similar securities, general economic
conditions, and our financial condition, performance, and prospects. Accordingly, you may be required to bear the
financial risk of an investment in the notes for an indefinite period of time. We do not intend to apply for listing or
quotation of the notes on any securities exchange or automated quotation system.

S-4
7 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
The U.S. government continues to focus on developing and implementing spending, tax, and other initiatives to reduce
the deficit, create jobs, and stimulate the economy. The recently enacted Budget Control Act of 2011 ("Budget Act")
permits an increase in the federal government's borrowing limit while reducing projected net government spending over
the next 10 years. The Budget Act sets $900 bil ion in immediate cuts to discretionary spending for 2012-2021. It also
establishes a bi-partisan Congressional committee (the "Super Committee"), which is charged with recommending
legislation by November 23, 2011, that would enact spending and revenue changes to reduce net government spending
by at least $1.2 tril ion over the next 10 years, in addition to the $900 bil ion in immediate discretionary spending cuts
referenced above.
Congress and the administration are attempting to balance decisions regarding defense, homeland security, and other
federal spending priorities within the framework and limitations of the Budget Act. In the event that the Super Committee
fails to recommend legislation, Congress fails to approve that legislation by late December 2011, or the President fails to
sign the legislation into law, an automatic sequestration of discretionary appropriations would be triggered, which would
make up any shortfal necessary to achieve the $1.2 tril ion target. Under the Budget Act, 50% of any shortfal from the
$1.2 tril ion target would be automatical y applied as a reduction to discretionary appropriations for defense programs.
This process and the spending reductions to defense programs have the potential to significantly impact our portfolio of
business, which is heavily dependent upon discretionary appropriations for defense programs. Although we believe that
our programs are wel aligned with national defense and other priorities, shifts in domestic and international spending and
tax policy, changes in security, defense and intel igence priorities, the affordability of our products and services, general
economic conditions and developments, and other factors may affect the level of funding for existing or proposed
programs. We cannot predict the outcome of Budget Act deliberations at this time.

S-5
8 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
We estimate that the net proceeds from this offering, after deducting estimated fees and expenses and underwriting
discounts and commissions, wil be approximately $1,979,614,000.
We intend to use a portion of the net proceeds from this offering to redeem al of the $500 mil ion aggregate principal
amount of our 2013 notes at their redemption price and to use the remaining net proceeds from this offering for general
corporate purposes. General corporate purposes may include the repayment of other indebtedness, acquisitions, capital
expenditures, working capital, funding of our employee benefits, including pension plans, and any other corporate
purpose. Until we apply the net proceeds for specific purposes, we may invest the net proceeds in cash equivalents or
short-term investments.
The 2013 notes bear interest at a rate of 4.121% per annum and mature on March 14, 2013. The redemption price for
the 2013 notes is equal to the greater of (a) 100% of the principal amount of the 2013 notes or (b) the sum of the
present values of the remaining scheduled payments on the 2013 notes, discounted to the redemption date semiannual y
at the applicable treasury rate plus 25 basis points, including, in either case, accrued and unpaid interest to the
redemption date. Based on an assumed applicable treasury rate as of a recent date, we expect that the redemption
price for the 2013 notes would be approximately $526 mil ion. This estimated redemption price is provided solely as an
example and the actual redemption price, to be calculated based on the then applicable treasury rate and final
redemption date, may differ from this estimate.

S-6
9 of 40
9/8/2011 8:15 AM


424B5
http://www.sec.gov/Archives/edgar/data/936468/000119312511242422/...
Table of Contents
The fol owing table sets forth our cash and cash equivalents, short-term investments, and capitalization on a consolidated
basis as of June 26, 2011 and as adjusted to reflect the issuance of the notes, net of the underwriting discounts and
commissions and our estimated offering expenses, and the application of the net proceeds as described under "Use of
proceeds" above assuming that a portion of the net proceeds from this offering would be used to redeem all of the $500
mil ion aggregate principal amount of the 2013 notes at their redemption price and the remaining net proceeds from this
offering would be used for general corporate purposes. This table should be read in conjunction with our consolidated
financial statements and the related notes as included in our Annual Report on Form 10-K for the year ended
December 31, 2010, and in our Quarterly Report on Form 10-Q for the quarter ended June 26, 2011.



June 26, 2011



Actual
As adjusted


(In millions)



Cash and cash equivalents

$ 3,268
$
4,722
Short-term investments

254


254





Total cash and cash equivalents and short-term investments

$ 3,522
$
4,976








Debt included in current liabilities

--


--





Debt included in long-term liabilities, net:


2016 notes offered hereby

--


499(1)
2021 notes offered hereby

--


898(1)
2041 notes offered hereby

--


596(1)
2013 notes

500


--

Other debt

4,531


4,531





Total long-term debt, net

5,031


6,524





Total debt

$ 5,031
$
6,524




Stockholders' equity:


Common stock

$
33 3
$


333
Additional paid-in capital

--


--

Retained earnings

11,626
11,610(2)
Accumulated other comprehensive loss

(8,671)
(8,671)




Total stockholders' equity

$ 3,288
$
3,272




Total debt and stockholders' equity

$ 8,319
$
9,796


(1) Based on the initial public offering price.
(2) Reflects the estimated costs, net of tax, of redemption of the 2013 notes as described under "Use of proceeds" above. The actual redemption price also will
include accrued and unpaid interest on the 2013 notes to the redemption date.

S-7
10 of 40
9/8/2011 8:15 AM