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

Election of Patricia E. Yarrington to the Board of Directors

On June 1, 2021, the Board of Directors of Lockheed Martin Corporation ("Lockheed Martin" or the "Corporation") elected Patricia E. Yarrington as a director of the Corporation. Ms. Yarrington will serve on the Corporation's Audit Committee and Management Development and Compensation Committee.



The Board of Directors determined that Ms. Yarrington 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 and that Ms. Yarrington meets the
SEC's criteria of an "audit committee financial expert."

Ms. Yarrington, age 65, served as Vice President and Chief Financial Officer of
Chevron Corporation from January 2009 until her retirement in March 2019. Having
served 38 years at Chevron, Ms. Yarrington served as Vice President and
Treasurer from 2007 through 2008, Vice President, Policy, Government and Public
Affairs from 2002 to 2007 and Vice President, Strategic Planning from 2000 to
2002.

For her service on the Board of Directors, Ms. Yarrington 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 Ms. Yarrington 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. Ms. Yarrington is also eligible to defer
up to 100% of her 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.

Ms. Yarrington 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 Ms. Yarrington 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                       Press Release of Lockheed Martin Corporation dated June 1, 2021.

104                      Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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