Document


As filed with the Securities and Exchange Commission on April 24, 2020
Registration No. 333-176440
Registration No. 333-195466
  
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-176440
Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-195466

UNDER
THE SECURITIES ACT OF 1933
 
 
LOCKHEED MARTIN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
   
Maryland 52-1893632
(State or Other Jurisdiction of
Incorporation or Organization)
 
(I.R.S. Employer
Identification No.)
6801 Rockledge Drive, Bethesda, Maryland
(Address of Principal Executive Offices)
20817
(Zip Code)
(301) 897-6000
Registrant’s telephone number, including area code)

Lockheed Martin Corporation 2011 Incentive Performance Award Plan
Lockheed Martin Corporation 2020 Incentive Performance Award Plan
(Full Title of each Plan)

Kerri R. Morey
Vice President and Associate General Counsel
Lockheed Martin Corporation
6801 Rockledge Drive
Bethesda, Maryland 20817
(Name and address of agent for service)

(301) 897-6000
(Telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer

Accelerated filer
Non-accelerated filer
 

Smaller reporting company

Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. 




EXPLANATORY NOTE
On April 23, 2020 (the “Effective Date”), the stockholders of Lockheed Martin Corporation (the “Corporation”) approved the Lockheed Martin Corporation 2020 Incentive Performance Award Plan (the “2020 Plan”), which replaced the Lockheed Martin Corporation 2011 Incentive Performance Award Plan, as amended and restated (the “2011 Plan”), for future awards. No future awards will be made under the 2011 Plan. Under the 2020 Plan, the aggregate number of shares of Lockheed Martin Corporation common stock, par value $1.00 per share, available for issuance is (i) 4,500,000 shares, plus (ii) the 3,374,273 shares reserved for future awards under the 2011 Plan as of the Effective Date (the “Reserved Shares”), plus (iii) the number of shares subject to awards outstanding under the 2011 Plan as of the Effective Date (the “Shares Subject to Outstanding Awards”) that thereafter are unexercised, unconverted or undistributed as a result of termination, expiration or forfeiture of the award. As of the Effective Date, there were 2,401,151 Shares Subject to Outstanding Awards under the 2011 Plan.
On August 23, 2011, the Corporation filed a Registration Statement on Form S-8 (Registration No. 333-176440) to register 10,182,333 shares to be issued under the 2011 Plan (the “2011 Form S-8”). On April 24, 2014, the Corporation filed a Registration Statement on Form S-8 (Registration No. 333-195466) to register an additional 4,000,000 shares to be issued under the 2011 Plan (the “2014 Form S-8”).
In accordance with Item 512(a)(1)(iii) of Regulation S-K and Securities Act Forms Compliance and Disclosure Interpretations Question 126.43, this Post-Effective Amendment No. 1 to Registration Statement No. 333-176440 and Post-Effective Amendment No. 2 to Registration Statement No. 333-195466 (the “Post-Effective Amendment”) is filed to reflect that, as of the Effective Date, (i) the Reserved Shares will be issuable under the 2020 Plan and (ii) any Shares Subject to Outstanding Awards under the 2011 Plan that thereafter are unexercised, unconverted or undistributed as a result of termination, expiration or forfeiture of the award will be issuable under the 2020 Plan. Shares that are Shares Subject to Outstanding Awards as of the Effective Date may still be issued under the 2011 Plan pursuant to the terms of outstanding awards as of the Effective Date. Additional shares are not being registered by this Post-Effective Amendment.
This Post-Effective Amendment hereby amends the 2011 Form S-8 to provide that 999,797 shares that are registered thereunder that are Shares Subject to Outstanding Awards may be issuable under the 2020 Plan.
This Post-Effective Amendment also hereby amends the 2014 Form S-8 to provide that 1,403,354 shares registered thereunder that are Shares Subject to Outstanding Awards and 2,596,646 shares registered thereunder that are Reserved Shares may be issuable under the 2020 Plan.
The balance of the 3,374,273 Reserved Shares not covered by this Post-Effective Amendment (777,627 Reserved Shares), will be registered under a Registration Statement on Form S-8 filed by the Corporation for the 2020 Plan as of the date herewith. These shares represent the amount of shares on the Effective Date that were previously subject to awards under the Lockheed Martin Corporation Amended and Restated 2003 Incentive Performance Award Plan that were subsequently unexercised, unconverted or undistributed as a result of termination, expiration or forfeiture of the award and became available for issuance under the 2011 Plan pursuant to its terms.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I of Form S-8 will be sent or given to employees eligible to participate in the 2020 Plan or the 2011 Plan, as applicable, as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the “Securities Act”). In accordance with the instructions of Part I of Form S-8, such documents will not be filed with the Securities and Exchange Commission (the “Commission”) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation Of Documents By Reference.
The following documents filed with the Commission are incorporated herein by reference: 
Registrant’s Annual Report on Form 10-K for the year ended December 31, 2019, including the portions of the Registrant’s Proxy Statement filed with the SEC on March 11, 2020, and any amendments or supplements thereto, incorporated by reference in the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2019;
Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended March 29, 2020;
Registrant’s Current Reports on Form 8-K filed on January 24, 2020, March 16, 2020, April 9, 2020 and April 23, 2020; and
the description of Registrant’s common stock, $1.00 par value per share, contained in Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2019, and any amendment or report filed for the purpose of updating such description.
In addition, any and all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), subsequent to the date of this Registration Statement and prior to the withdrawal (if any) of the Registration Statement shall, to the extent required by law, be deemed to be incorporated by reference into this Registration Statement and to be a part hereof (except that any portions thereof which are furnished and not filed shall not be deemed incorporated). 
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
The Opinion of Counsel as to the legality of the securities being registered (constituting Exhibit 5) has been rendered by counsel who is a full-time employee of the Registrant and who, as such, is eligible to participate in the 2011 Plan and 2020 Plan.
Item 6. Indemnification of Directors and Officers.
The Maryland General Corporation Law authorizes Maryland corporations to include a provision in their charters limiting the liability of directors and officers to the corporation or its stockholders for money damages, except (a) to the extent that it is proved that the person actually received an improper benefit or profit in money, property or services, for the amount of the benefit or profit in money, property or services actually received, (b) to the extent that a judgment or other final adjudication adverse to the person is entered in a proceeding based on a finding that the person’s action or failure to act was the result of active and deliberate dishonesty and was material to the cause
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of action adjudicated in the proceeding or (c) in respect of certain other actions not applicable to the Registrant. Article XI of the Charter of the Registrant, as amended (the “Charter”), provides that to the maximum extent permitted by Maryland law the Registrant’s directors and officers will not be liable to the Registrant or its stockholders for money damages.
The Maryland General Corporation Law permits Maryland corporations to indemnify directors and officers for, among other things, judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with a proceeding to which they are made a party by reason of their service as a director or officer unless it is established that (a) the act or omission of the individual was material to the matter giving rise to the proceeding and was committed in bad faith or was the result of active and deliberate dishonesty, (b) the individual actually received an improper personal benefit in money, property or services or (c) in the case of any criminal proceeding, the individual had reasonable cause to believe that his or her act or omission was unlawful. Furthermore, under the Maryland General Corporation Law, unless limited by charter, indemnification is mandatory if a director or an officer has been successful on the merits or otherwise in the defense of any proceeding by reason of his or her service as a director or officer unless such indemnification is not otherwise permitted as described in the preceding sentence. In addition to the foregoing, a court of appropriate jurisdiction may, under certain circumstances, order indemnification if it determines that the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not the director or officer has met the standards of conduct set forth above or has been adjudged liable on the basis that a personal benefit was improperly received in a proceeding charging improper personal benefit to the director or officer. If the proceeding was an action by or in the right of the corporation or involved a determination that the director or officer received an improper personal benefit, however, no indemnification may be made if the individual is adjudged liable to the corporation, except to the extent of expenses approved by a court of appropriate jurisdiction.
Article XI of the Charter of the Registrant authorizes the board of directors of the Registrant to adopt bylaws or resolutions to provide for the indemnification of directors and officers, provided that such bylaws or resolutions are consistent with applicable law. Article VI of the Bylaws of the Registrant provides for the indemnification of the Registrant’s directors and officers to the fullest extent permitted by Maryland law. In addition, the Registrant’s directors and officers are covered by certain insurance policies maintained by the Registrant. As permitted under the Maryland General Corporation Law, Article VI of the Bylaws of the Registrant also provides for the payment of expenses incurred by a director or officer in a proceeding in advance of final disposition of the proceeding provided that the director or officer furnishes the Registrant with a written affirmation of his or her good faith belief that the standard of conduct necessary for indemnification by the Registrant has been met and a written undertaking to reimburse the Registrant if a court determines that the director is not entitled to indemnification.
The Registrant has entered into indemnification agreements with its directors. The indemnification agreements require the Registrant to indemnify a director to the fullest extent permitted by Maryland law. The indemnification agreements also require the Registrant to advance expenses to a director, subject to the director providing the written affirmation and undertaking that are described in the preceding paragraph. The agreements are in addition to other rights to which a director may be entitled under the Registrant’s Charter, Bylaws and Maryland law.
Item 7. Exemption from Registration Claimed.
Not Applicable.
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Item 8. Exhibits.
   
Exhibit Number  Exhibit Description
  
4.1
4.2
5.1  



15.1  
  
23.1  
  
23.2  Consent of Kerri R. Morey, Vice President and Associate General Counsel of Lockheed Martin Corporation (contained in Exhibit 5 hereof)
  
24.1  



99.1




99.2

Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
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(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from the registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for the purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
The Registrant. Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bethesda, State of Maryland, on this 24th day of April 2020.
 
 
LOCKHEED MARTIN CORPORATION
 
/s/ Kerri R. Morey
Kerri R. Morey
Vice President and Associate General Counsel
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
 
SignatureTitleDate
*Chairman, President and Chief Executive Officer (Principal Executive Officer)April 24, 2020
Marillyn A. Hewson
*Executive Vice President and Chief Financial Officer (Principal Financial Officer)April 24, 2020
Kenneth R. Possenriede
*Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer)April 24, 2020
Brian P. Colan

This Registration Statement also has been signed on the date indicated by the following directors, who constitute a majority of the Board of Directors:
   
Daniel F. Akerson* Ilene S. Gordon*
David B. Burritt* Marillyn A. Hewson*
Bruce A. Carlson* Vicki A. Hollub*
Joseph F. Dunford, Jr.* Jeh C. Johnson*
James O. Ellis, Jr.* Debra L. Reed-Klages*
Thomas J. Falk* James D. Taiclet, Jr.*
 
 
     
   
 * By: /s/    Kerri R. Morey     April 24, 2020
  
Kerri R. Morey
(Attorney-in-fact**)
  
** By authority of Powers of Attorney filed with this Registration Statement on Form S-8.

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Document

Exhibit 5.1
Lockheed Martin Corporation
6801 Rockledge Drive, Bethesda, MD 20817
https://cdn.kscope.io/588dbff606b7cee4625a0b1a2b285a84-image_01.jpg
Kerri R. Morey
Vice President and Associate General Counsel
April 24, 2020
 
 RE:
Post-Effective Amendment No. 1 to Registration Statement on Form S-8 Registration No. 333-176440
Post-Effective Amendment No. 2 to Registration Statement on Form S-8 Registration No. 333-195466
Ladies and Gentlemen:
I submit this opinion in connection with the filing with the Securities and Exchange Commission of Post-Effective Amendment No. 1 to Registration Statement No. 333-176440 and Post-Effective Amendment No. 2 to Registration Statement No. 333-195466 on Form S-8 (the “Post-Effective Amendment”) on the date hereof relating to the issuance of shares of common stock, par value $1 per share (“Common Stock”), of Lockheed Martin Corporation (the “Corporation”) that were previously available for issuance under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (the “2011 Plan”) and are now available for issuance under the 2011 Plan or the Lockheed Martin Corporation 2020 Incentive Performance Award Plan (the “2020 Plan” and together with the 2011 Plan, the “Plans”).
As Vice President and Associate General Counsel of the Corporation, I have examined such corporate records, certificates and other documents and have reviewed such questions of law as I deemed necessary or appropriate for the purpose of this opinion.
Based on that examination and review, I advise you that in my opinion, to the extent that the operation of the Plans results in the issuance of Common Stock, such shares of Common Stock have been duly and validly authorized and, when issued in accordance with the terms set forth in the Plans, will be legally issued, fully paid and non-assessable.
I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to my opinion in the Registration Statement. In giving my consent, I do not admit that I am in the category of persons whose consent is required under Section 7 of the Securities Act of 1933 nor the rules of the Securities and Exchange Commission thereunder.
 
 
Sincerely,
 
/s/    Kerri R. Morey
Kerri R. Morey
Vice President and Associate General Counsel


Document

Exhibit 15.1

Acknowledgment of Ernst & Young LLP,
Independent Registered Public Accounting Firm
Board of Directors
Lockheed Martin Corporation
We are aware of the incorporation by reference in the Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 (No. 333-176440) and the Post-Effective Amendment No. 2 to the Registration Statement on Form S-8 (No. 333-195466) pertaining to the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan of our report dated April 22, 2020 relating to the unaudited consolidated interim financial statements of Lockheed Martin Corporation that is included in its Form 10-Q for the quarter ended March 29, 2020.
/s/ Ernst & Young LLP
Tysons, Virginia
April 22, 2020

Document

Exhibit 23.1
Consent of Ernst & Young LLP,
Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Post-Effective Amendment No. 1 to Registration Statement on Form S-8 (No. 333-176440) and the Post-Effective Amendment No. 2 to Registration Statement on Form S-8 (No. 333-195466) pertaining to the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan of our reports dated February 7, 2020, with respect to the consolidated financial statements and the effectiveness of internal control over financial reporting of Lockheed Martin Corporation included in its Annual Report (Form 10-K) for the year ended December 31, 2019, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Tysons, Virginia
April 22, 2020

Document
Exhibit 24.1
POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
 


/s/ Daniel F. Akerson
DANIEL F. AKERSON
Director
April 22, 2020



Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
 


/s/ David B. Burritt
DAVID B. BURRITT
Director
April 22, 2020


Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
 


/s/ Bruce A. Carlson
BRUCE A. CARLSON
Director
April 22, 2020



Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
 


/s/ James O. Ellis, Jr.
JAMES O. ELLIS, JR.
Director
April 22, 2020



Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
 


/s/ Thomas J. Falk
THOMAS J. FALK
Director
April 22, 2020


Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Joseph F. Dunford, Jr.
JOSEPH F. DUNFORD, JR.
Director
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Ilene S. Gordon
ILENE S. GORDON
Director
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Marillyn A. Hewson
MARILLYN A. HEWSON
Chairman, President and Chief Executive Officer
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Vicki A. Hollub
VICKI A. HOLLUB
Director
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Jeh C. Johnson
JEH C. JOHNSON
Director
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Debra L. Reed-Klages
DEBRA L. REED-KLAGES
Director
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ James D. Taiclet, Jr.
JAMES D. TAICLET, JR.
Director
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Kenneth R. Possenriede
KENNETH R. POSSENRIEDE
Executive Vice President and Chief Financial Officer
April 22, 2020

Power of Attorney – S-8 (Post-Effective Amendment)


POWER OF ATTORNEY
LOCKHEED MARTIN CORPORATION
The undersigned hereby constitutes Maryanne R. Lavan, Kerri R. Morey and Peter L. Trentman, and each of them, jointly and severally, his or her lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, including, but not limited to, that listed below, to execute and file, or cause to be filed with the Securities and Exchange Commission (“Commission”) amendments to (i) the Registration Statement on Form S-8 (Registration No. 333-176440) and (ii) the Registration Statement on Form S-8 (Registration No. 333-195466), with exhibits and other documents in connection therewith, for the purpose, among others, of registering under the Securities Act of 1933, as amended (the “Securities Act”), shares of Lockheed Martin common stock and other securities to be issued under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan and the Lockheed Martin Corporation 2020 Incentive Performance Award Plan, and all matters required by the Commission in connection with such registration statements under the Securities Act, 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 or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.


/s/ Brian P. Colan
BRIAN P. COLAN
Vice President, Controller and Chief Accounting Officer
April 22, 2020
Power of Attorney – S-8 (Post-Effective Amendment)