Item 2.02 Results of Operations and Financial Condition.

The information included in Items 7.01 and 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.02.

Item 7.01 Regulation FD Disclosure.



On June 27, 2022, Lockheed Martin Corporation ("Lockheed Martin" or the
"Company") issued a news release announcing the transaction described in Item
8.01. A copy of the news release is furnished as   Exhibit 99.1   to this
Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended.


Item 8.01 Other Events.

On June 24, 2022, Lockheed Martin purchased group annuity contracts from Athene
Holding Ltd. ("Athene"). Under the contracts, Lockheed Martin will transfer
approximately $4.3 billion of its gross defined benefit pension obligations and
related plan assets for approximately 13,600 U.S. retirees and beneficiaries to
Athene. The contracts were purchased using assets from the Company's master
retirement trust and no additional funding contribution was required as part of
this transaction. Pursuant to the transaction, on January 1, 2023, Athene,
through its wholly-owned subsidiaries Athene Annuity and Life Company and Athene
Annuity & Life Assurance Company of New York, will begin paying and
administering the retirement benefits of the affected retirees and beneficiaries
in the Lockheed Martin Corporation Salaried Employee Retirement Program and the
Lockheed Martin Aerospace Hourly Pension Plan. The transaction will result in no
changes to the benefits received by retirees and beneficiaries. In connection
with this transaction, the Company expects to recognize a non-cash,
non-operating settlement charge of approximately $1.5 billion ($1.2 billion, or
$4.50 per share, after tax) in the second quarter of 2022, related to the
accelerated recognition of actuarial losses for the affected plans that were
included in stockholders' equity. The actual settlement charge will depend on
finalization of the actuarial assumptions, including discount rate and
investment rate of return, as of the measurement date. The estimated charge was
not included in the Company's prior 2022 financial outlook released on April 19,
2022.

Forward Looking Statements



This current report on Form 8-K contains statements that, to the extent they are
not recitations of historical fact, constitute forward-looking statements within
the meaning of the federal securities laws, including the expected non-cash
settlement charge, and are based on Lockheed Martin's current expectations and
assumptions. The words "believe," "estimate," "anticipate," "project," "intend,"
"expect," "plan," "outlook," "scheduled," "forecast," and similar expressions
are intended to identify forward-looking statements. There can be no assurance
that future events will occur as anticipated, if at all, or that actual results
will be as expected. These statements are not guarantees of future performance
and are subject to risks and uncertainties. Actual results may differ materially
due to factors such as: the amount of the expected settlement charge, the
accuracy of the Company's estimates and projections; timing and estimates
regarding pension funding and movements of interest rates; and other changes
that may affect pension plan assumptions, stockholders' equity, the level of the
FAS/CAS adjustment and actual returns on pension plan assets and the impact of
pension related legislation. These are only some of the factors that may affect
the forward-looking statements contained in this current report on Form 8-K. For
a discussion identifying additional important factors that could cause actual
results to vary materially from those anticipated in the forward-looking
statements, see the Company's filings with the U.S. Securities and Exchange
Commission ("SEC") including, but not limited to, "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and "Risk Factors" in
the Company's Annual Report on Form 10-K for the year ended December 31, 2021
and subsequent quarterly reports on Form 10-Q. The Company's filings may be
accessed through the Investor Relations page of its website,
www.lockheedmartin.com/investor, or through the website maintained by the SEC at
www.sec.gov. Except where required by applicable law, the Company expressly
disclaims a duty to provide updates to forward-looking statements after the date
of this Form 8-K to reflect subsequent events, changed circumstances, changes in
expectations, or the estimates and assumptions associated with them. The
forward-looking statements in this Form 8-K are intended to be subject to the
safe harbor protection provided by the federal securities laws.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

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Exhibit No.              Description
99.1                       Lockheed Martin Corporation Ne    ws Release dated     Jun    e
                             2    7    , 2022

104                      Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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