Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



Election of John M. Donovan to the Board of Directors
On October 21, 2021, the Board of Directors of Lockheed Martin Corporation
("Lockheed Martin" or the "Corporation") elected John M. Donovan as a director
of the Corporation. Mr. Donovan will serve on the Corporation's Classified
Business and Security Committee.
The Board of Directors determined that Mr. Donovan is an "independent director"
in accordance with the New York Stock Exchange listing standards, the rules and
regulations of the Securities and Exchange Commission ("SEC") and the
Corporation's corporate governance guidelines.
Mr. Donovan, age 61, served as Chief Executive Officer of AT&T Communications,
LLC, a wholly owned subsidiary of AT&T Inc., from August 2017 until his
retirement in October 2019. Previously, Mr. Donovan was Chief Strategy Officer
and Group President of AT&T Technology and Operations from January 2012 through
August 2017 and Chief Technology Officer of AT&T Inc. from April 2008 through
January 2012. Mr. Donovan currently serves on the board of directors of Palo
Alto Networks, Inc., a global cybersecurity company.
For his service on the Board of Directors, Mr. Donovan will receive the
Corporation's standard compensation for non-employee directors. A description of
such standard compensation arrangement is filed as   Exhibit 10.1   to the
Corporation's Quarterly Report on Form 10-Q for the quarter ended September 29,
2019 and incorporated herein by reference. Equity grants to Mr. Donovan will be
made in accordance with the Lockheed Martin Corporation Amended and Restated
Directors Equity Plan, a copy of which is filed as   Exhibit 10.1   to the
Corporation's Current Report on Form 8-K filed with the SEC on April 26, 2018
and incorporated herein by reference. Mr. Donovan is also eligible to defer up
to 100% of his cash fees into the Lockheed Martin Corporation Directors Deferred
Compensation Plan, as amended, a copy of which is filed as   Exhibit 10.2   to
the Corporation's Annual Report on Form 10-K for the year ended December 31,
2008 and is incorporated herein by reference. Deferred amounts track the
performance of investment options available under the Corporation's employee
deferred compensation plans or the Corporation's common stock (with dividends
reinvested), at the director's election.
Mr. Donovan will also be covered by the Corporation's standard indemnification
agreement with directors which the Corporation enters into with all directors. A
copy of the form of indemnification agreement is filed as   Exhibit 10.34   to
the Corporation's Annual Report on Form 10-K for the year ended December 31,
2009 and is incorporated herein by reference.
A copy of the press release announcing the election of Mr. Donovan is filed as

Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits
Exhibit No.              Description
99.1                       Lockheed Martin Corporation News Release dated October 21, 2021.

104                      Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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