SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Colan Brian P

(Last) (First) (Middle)
6801 ROCKLEDGE DRIVE

(Street)
BETHESDA MD 20817

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/18/2014
3. Issuer Name and Ticker or Trading Symbol
LOCKHEED MARTIN CORP [ LMT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP & Controller
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 265.33 I Lockheed Martin Salaried Savings Plan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right-to-buy) 01/30/2013(1) 01/28/2022 Common Stock 1,391 82.01 D
Restricted Stock Units (2) 01/27/2017 Common Stock 938 (2) D
Restricted Stock Units (2) 01/28/2016 Common Stock 1,260 (2) D
Restricted Stock Units (2) 01/30/2015 Common Stock 2,150 (2) D
Phantom Stock Units (3) (3) Common Stock 40.6398 (3) I LM Supplemental SSP
Explanation of Responses:
1. The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 30, 2013.
2. The RSUs vest on the third anniversary of the date of the grant.
3. Phantom stock units acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service. The phantom stock units convert on a one-for-one basis.
Remarks:
poafinal.txt
Brian P. Colan, by Marian S. Block, Attorney-in-fact 08/28/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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POWER OF ATTORNEY

LOCKHEED MARTIN CORPORATION


The undersigned hereby constitutes and appoints Maryanne R. Lavan, Marian S.
Block, Stephen M. Piper, and Kerri R. Morey, and each of them, jointly and
severally, his lawful attorney-in-fact and agent, with full power of
substitution and re-substitution, for him and in his name, place and stead, in
any and all capacities to execute and file, or cause to be filed, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission any and all reports or forms (including but not limited for
Forms 3, 4 or 5, or Form 144 or Form ID) and any supplements or amendments
thereto as are required to be filed by the undersigned pursuant to Section 16 of
  the Securities Exchange Act of 1934, as amended, and the rules and regulations
  promulgated thereunder, and Rule 144 of the Securities Act of 1933,  with
respect to the equity securities of Lockheed Martin Corporation, granting unto
said attorneys-in-fact and agents, and each of them, full power and authority to
  do and perform each and every act and thing requisite or necessary to be done
as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that said attorney's-in-fact and agents, and each
of them, or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.




August 20, 2014						/s/ Brian P. Colan
							Brian P. Colan