SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) – June 10, 2003
LOCKHEED MARTIN CORPORATION
(Exact name of registrant as specified in its charter)
| Maryland | 1-11437 | 52-1893632 | ||
| (State or other jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 6801 Rockledge Drive, Bethesda, Maryland | 20817 | |
| (Address of principal executive offices) | (Zip Code) |
(301) 897-6000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Item 5. Other Events
On June 10, 2003, Lockheed Martin issued a press release announcing that it has filed a lawsuit against The Boeing Company and three of Boeing’s former employees. The lawsuit alleges that Boeing and its employees committed violations of Federal and Florida law resulting from their solicitation, acquisition and use of Lockheed Martin proprietary information during the competition for launch contract awards under the U.S. Air Force’s Evolved Expendable Launch Vehicle (EELV) program. A copy of the press release is attached as Exhibit No. 99 to this report and is incorporated herein by reference.
The complaint seeks compensatory damages, including treble and punitive damages, costs, and injunctive relief against all defendants. As with any litigation, there can be no assurance that Lockheed Martin will be successful in its efforts to recover damages or obtain other relief to compensate for the damages alleged to have been caused by the defendants. At this point, it also is too early to determine whether the actions alleged in the lawsuit or any remedies that may be imposed will affect the outcome of future competitions for U.S. Government or commercial launch vehicles.
Item 7. Financial Statements and Exhibits
| Exhibit No. |
Description | |
| 99 | Lockheed Martin Corporation Press Release dated June 10, 2003. | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LOCKHEED MARTIN CORPORATION |
| /s/ Rajeev Bhalla |
| Rajeev Bhalla Vice President and Controller |
June 10, 2003
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INDEX TO EXHIBITS
| Exhibit No. |
Description | |
| 99 | Lockheed Martin Corporation Press Release dated June 10, 2003. | |
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[LOCKHEED MARTIN LOGO]
Information
FOR IMMEDIATE RELEASE
LOCKHEED MARTIN FILES LAWSUIT AGAINST THE BOEING COMPANY
Bethesda, MD, June 10, 2003 – Lockheed Martin Corporation [NYSE: LMT] today filed a lawsuit against The Boeing Company and three of Boeing’s former employees. The 23-count complaint, filed in the United States District Court for the Middle District of Florida in Orlando, alleges that Boeing and its employees committed violations of Federal and Florida law resulting from their solicitation, acquisition, and use of Lockheed Martin proprietary information during the competition for launch contract awards under the U.S. Air Force’s Evolved Expendable Launch Vehicle (EELV) program. This proprietary information included extremely sensitive and detailed cost and technical data regarding Lockheed Martin’s EELV proposal.
The complaint alleges that Boeing and the individual defendants, together with other Boeing employees, actively participated in the misappropriation of Lockheed Martin’s proprietary information and then “covered up” their activity by misrepresenting to both Lockheed Martin and the Air Force that the individuals and documents involved were limited in number and that no Lockheed Martin proprietary information was used by Boeing in the EELV competition. The complaint alleges that the acts committed by Boeing, the defendants, and other Boeing employees constituted violations of the Federal and Florida Racketeer Influenced and Corrupt Organizations Act, Federal and Florida antitrust law, the Procurement Integrity Act, Florida’s Unfair and Deceptive Trade Practices Act, unfair competition, conversion of property rights, fraud, misrepresentation, and tortious interference with Lockheed Martin’s business.
The complaint seeks compensatory damages, including triple and punitive damages, consequential damages, costs, return of all proprietary information, and injunctive relief against all defendants.
Headquartered in Bethesda, Maryland, Lockheed Martin employs about 125,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The Corporation reported 2002 sales of $26.6 billion.
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For further information, please visit www.lockheedmartin.com
Media contacts: Tom Jurkowsky, 301-897-6352, thomas.jurkowsky@lmco.com