The investment-grade notes are due 2031 and 2055

Davis Polk advised the underwriters in connection with the offering of $1 billion aggregate principal amount of senior notes issued by Lockheed Martin Corporation. The notes were offered in two tranches maturing in 2031 and 2055. The 2055 notes constitute a single series with the $650 million aggregate principal amount of 2055 notes issued on May 25, 2023. Lockheed Martin Corporation will use the net proceeds of the offering for general corporate purposes, including pension funding.

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 122,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associate Xuanling Xu. The tax team included partner Michael Mollerus and associates Michelle Zhao and Katherine S. Xiu. The environmental team included counsel Michael Comstock and associate Shefain Islam. All members of the Davis Polk team are based in the New York office.

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