SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549
                                               
                                SCHEDULE 14D-1
                              (Amendment No. 6)

                            TENDER OFFER STATEMENT
                     PURSUANT TO SECTION 14(d)(1) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

                                               
                              LORAL CORPORATION
                          (Name of Subject Company)

                         LOCKHEED MARTIN CORPORATION
                         LAC ACQUISITION CORPORATION
                                 (Bidders)

                   Common Stock, par value $0.25 per share
                      (Title of Class of Securities)

                                 543859 10 2
                  (CUSIP number of Class of Securities)

                         Frank H. Menaker, Jr., Esq.
                         Lockheed Martin Corporation
                            6801 Rockledge Drive
                         Bethesda, Maryland  20817
                             (301) 897-6000
          (Name, address and telephone number of person
          authorized to receive notice and communications on
          behalf of the person(s) filing statement)

                             With a copy to:

                         Peter Allan Atkins, Esq.
                             Lou R. Kling, Esq.
                    Skadden, Arps, Slate, Meagher & Flom
                            919 Third Avenue
                         New York, New York 10022
                             (212) 735-3000


                    This Amendment No. 6 amends and supplements the
          Tender Offer Statement on Schedule 14D-1 (as may be
          amended from time to time, the "Schedule 14D-1") of LAC
          Acquisition Corporation, a New York corporation (the
          "Purchaser") and a wholly-owned subsidiary of Lockheed
          Martin Corporation, a Maryland corporation ("Lockheed
          Martin"), filed on January 12, 1996 with the Securities
          and Exchange Commission (the "Commission") in respect of
          the tender offer (the "Offer") by the Purchaser for all
          of the outstanding shares of Common Stock, par value $.25
          per share, of Loral Corporation (the "Company").  The
          Offer is being made pursuant to an Agreement and Plan of
          Merger dated as of January 7, 1995 by and among the
          Company, Purchaser and Lockheed Martin.  All capitalized
          terms set forth herein which are not otherwise defined
          herein shall have the same meanings as ascribed thereto
          in the Offer to Purchase, dated January 12, 1996 (which
          is attached as Exhibit (a)(9) to the Schedule 14D-1 (the
          "Offer to Purchase")).  In connection with the foregoing,
          the Purchaser and Lockheed Martin are hereby amending and
          supplementing the Schedule 14D-1 as follows:

          Item 10.  Additional Information.

               Item 10(b)-(c) is hereby amended and supplemented by
          the addition of the following paragraph thereto:

                         "European Community Antitrust Review. On
               March 27, 1996 Lockheed Martin was notified that the
               Commission of the European Communities had granted
               the approvals necessary to permit consummation of
               the Offer."


                                  SIGNATURE

                    After reasonable inquiry and to the best of my
          knowledge and belief, I certify that the information set
          forth in this statement is true, complete and correct.

                                   LAC ACQUISITION CORPORATION

                                   By:/s/    STEPHEN M. PIPER   
                                      Name:  Stephen M. Piper
                                      Title: Assistant Secretary

          Dated: March 28, 1996


                                  SIGNATURE

                    After reasonable inquiry and to the best of my
          knowledge and belief, I certify that the information set
          forth in this statement is true, complete and correct.

                                   LOCKHEED MARTIN CORPORATION

                                   By:/s/    STEPHEN M. PIPER   
                                      Name:  Stephen M. Piper
                                      Title: Assistant Secretary

          Dated: March 28, 1996