Lockheed Martin Corporation
07/28/2025 | Press release | Distributed by Public on 07/28/2025 14:22
Material Event (Form 8-K)
Item 8.01 Other Events.
On July 28, 2025, Lockheed Martin Corporation (the "Company") completed the issuance and sale of a total of $2,000,000,000 of senior unsecured notes, consisting of $500,000,000 aggregate principal amount of 4.150% Notes due 2028 (the "2028 Notes"), $750,000,000 aggregate principal amount of 4.400% Notes due 2030 (the "2030 Notes") and $750,000,000 aggregate principal amount of 5.000% Notes due 2035 (the "2035 Notes" and, together with the 2028 Notes and 2030 Notes, the "Notes"), pursuant to an underwriting agreement (the "Underwriting Agreement"), dated July 23, 2025, among the Company and Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named in Schedule I thereto. The Notes were sold in a public offering pursuant to the Company's effective registration statement on Form S-3 (File No. 333-271325) and the base prospectus included in that registration statement, as supplemented by the final prospectus supplement, dated July 23, 2025, as filed with the Securities and Exchange Commission ("SEC") on July 24, 2025 (the "Final Prospectus Supplement").
The 2028 Notes mature on August 15, 2028, the 2030 Notes mature on August 15, 2030, and the 2035 Notes mature on August 15, 2035. The Company will pay interest on each series of Notes semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2026. The Company may, at its option, redeem the Notes of any series in whole or in part at any time at the redemption prices described in the Final Prospectus Supplement and the applicable Note.
The Notes were issued under the indenture, dated as of April 18, 2023 (the "Indenture"), between the Company and U.S. Bank Trust Company, National Association, as trustee.
A copy of the Indenture was previously filed as Exhibit 4.1to the Company's registration statement on Form S-3 (File No. 333-271325) filed with the SEC on April 18, 2023.
The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include the repayment of existing indebtedness.
A copy of the Underwriting Agreement and the forms of Notes are filed as exhibits to this report and are incorporated by reference herein.
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