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

Lockheed Martin Corporation ("Lockheed Martin" or the "Company") announced that
John W. Mollard and Brian P. Colan have decided to retire from the Company. Mr.
Mollard will step down as Vice President and Treasurer on June 6, 2022, and will
remain as a strategic advisor to assist in the transition through December 2022.
Mr. Colan will step down as Vice President and Controller on June 6, 2022, and
will remain as a strategic advisor to assist in the transition through October
2022.

On June 3, 2022, the Board of Directors (the "Board") of the Company elected H.
Edward Paul, III, currently the Company's Vice President, Accounting, to succeed
Mr. Colan as Vice President and Controller, effective June 6, 2022. In this
position, Mr. Paul will serve as the Company's principal accounting officer. On
June 3, 2022, the Board also elected Evan T. Scott, currently the Company's Vice
President and Assistant Treasurer, to succeed Mr. Mollard as Vice President and
Treasurer, effective June 6, 2022.

Mr. Paul (age 47) has served as the Company's Vice President, Accounting since
March 2015. Prior to that, he served as Director, Accounting Policy,
Consolidation and Financial Reporting from May 2011 through March 2015. Prior to
joining Lockheed Martin, Mr. Paul served as a Senior Director in the Corporate
Controller's organization at Discovery Communications, Inc. from September 2008
to May 2011. Mr. Paul began his career in 1997 with Ernst & Young LLP's audit
practice and is a certified public accountant.

Mr. Scott (age 45) has served as the Company's Vice President and Assistant
Treasurer since August 2021. Prior to that, Mr. Scott was Vice President,
Finance and Business Operations of the Company's Space business segment from
March 2019 to August 2021 and Vice President and Controller of the Company's
Missiles and Fire Control business segment from March 2015 to March 2019. Mr.
Scott has held positions of increasing responsibility since joining Lockheed
Martin in June 1999.

In connection with Mr. Paul's promotion, the Management Development and
Compensation Committee (the "Compensation Committee") of the Board approved
increases in Mr. Paul's base salary to $495,000 and in his target for an annual
incentive under the Lockheed Martin Corporation Management Incentive
Compensation Plan to 70% of base salary. Mr. Paul's compensation was established
based on the Company's executive compensation philosophy which takes into
account the "market rate" of the Company's comparator group of companies as
described in the Company's proxy statement for the 2022 annual meeting filed
with the Securities and Exchange Commission on March 11, 2022. The compensation
changes are effective June 6, 2022.

A copy of the news release announcing these actions is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d)  Exhibits

Exhibit No.              Description
99.1                       Lockheed Martin Corporation News Release dated June     6    , 2022

104                      Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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