SEC Filing | Lockheed Martin Corp

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lmt-20230824

UNITED STATES

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): August 24, 2023

LOCKHEED MARTIN CORPORATION

(Exact name of registrant as specified in its charter)


Maryland		1-11437	52-1893632
(State or other jurisdiction		(Commission File Number)	(IRS Employer
of incorporation)			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)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $1 par value	LMT	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 13(a) of the Exchange Act. ☐

Item 1.01 Entry Into a Material Definitive Agreement.

Effective August 24, 2023, Lockheed Martin Corporation (the “Company”) entered into an Extension Agreement (the “Amendment”) to its $3.0 billion Revolving Credit Agreement, dated as of August 24, 2022, among the Company, as borrower, the lenders listed therein (the “Lenders”), JPMorgan Chase Bank, N.A., as syndication agent, Citibank, N.A., Crédit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association, as documentation agents, and Bank of America, N.A., as administrative agent (the “Credit Agreement”). The Amendment extends the maturity date of the Credit Agreement by one year from August 24, 2027 to August 24, 2028. All other terms and conditions of the Credit Agreement remain in full force and effect. The Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

In the ordinary course of their respective businesses, one or more of the Lenders, or their affiliates, have or may have various relationships with the Company and the Company’s subsidiaries involving the provision of a variety of financial services, including cash management, commercial banking, investment banking, trust or agency, foreign exchange, advisory or other financial services, for which they received, or will receive, customary fees and expenses.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.						Description
10.1						Extension Agreement dated as of August 24, 20 23 , by and among Lockheed Martin Corporation, the lenders listed therein, and Bank of America, N.A., as administrative agent.

104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

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
		(Registrant)


Date: August 24, 2023	By:	/s/ John E. Stevens
		John E. Stevens
		Vice President and Associate General Counsel

Document

Exhibit 10.1

EXTENSION AGREEMENT
FOR LOCKHEED MARTIN CORPORATION
REVOLVING CREDIT AGREEMENT

August 24, 2023

Bank of America, N.A.,
as Administrative Agent
under the Revolving Credit Agreement
referred to below

Ladies and Gentlemen:

Reference is made to the Revolving Credit Agreement dated as of August 24, 2022 (as amended from time to time, the “Revolving Credit Agreement”) among Lockheed Martin Corporation (the “Company”), the lenders party thereto (the “Lenders”), JPMorgan Chase Bank, N.A., as Syndication Agent, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association, as Documentation Agents, and Bank of America, N.A., as Administrative Agent. Terms defined in the Revolving Credit Agreement and not otherwise defined herein are used herein with the same meaning.

Each of the undersigned Lenders (each, an “Extending Lender”) hereby agrees to extend, effective as of August 24, 2023 (the “Extension Agreement Effective Date”), the Commitment Termination Date under the Revolving Credit Agreement from August 24, 2027 to August 24, 2028.

This Extension Agreement shall become effective on the Extension Agreement Effective Date upon receipt by the Syndication Agent of counterparts hereof signed by the Company, the Administrative Agent and Lenders comprising the Required Lenders (or, in the case of any party as to which an executed counterpart shall not have been received, facsimile transmission, electronic communication, pursuant to procedures acceptable to the Syndication Agent, or other written confirmation from such party of execution of a counterpart hereof by such party).

This Extension Agreement shall be construed in accordance with and governed by the laws of the State of New York.

[Remainder of Page Intentionally Left Blank]


JPMORGAN CHASE BANK, N.A.
By:			/s/ Marlon Mathews
Name: Marlon Mathews
Title: Executive Director

BANK OF AMERICA, N.A.
By:			/s/ Prathamesh Kshirsagar
Name: Prathamesh Kshirsagar
Title: Director

CITIBANK, N.A.
By:			/s/ Susan Olsen
Name: Susan Olsen
Title: Vice President

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
By:			/s/ Paul Arens
Name: Paul Arens
Title: Director

By:			/s/ Jill Wong
Name: Jill Wong
Title: Director

MIZUHO BANK, LTD.
By:			/s/ Donna DeMagistris
Name: Donna DeMagistris
Title: Executive Director

WELLS FARGO BANK, NATIONAL ASSOCIATION
By:			/s/ Adam Spreyer
Name: Adam Spreyer
Title: Director


BARCLAYS BANK PLC
By:			/s/ Charlene Saldanha
Name: Charlene Saldanha
Title: Vice President


GOLDMAN SACHS BANK USA
By:			/s/ Jonathan Dworkin
Name: Jonathan Dworkin
Title: Authorized Signatory

ROYAL BANK OF CANADA
By:			/s/ Nikhil Madhok
Name: Nikhil Madhok
Title: Authorized Signatory

SUMITOMO MITSUI BANKING CORPORATION
By:			/s/ Minxiao Tian
Name: Minxiao Tian
Title: Director

THE TORONTO-DOMINION BANK, NEW YORK BRANCH
By:			/s/ David Perlman
Name: David Perlman
Title: Authorized Signatory

THE BANK OF NEW YORK MELLON
By:			/s/ Thomas J. Tarasovich, Jr.
Name: Thomas J. Tarasovich, Jr.
Title: Senior Vice President

UNICREDIT BANK AG, NEW YORK BRANCH
By:			/s/ Douglas V. Riahi
Name: Douglas Riahi
Title: Managing Director


By:			/s/ Peter Daugavietis
Name: Peter Daugavietis
Title: Director

U.S. BANK NATIONAL ASSOCIATION
By:			/s/ Ken Gorski
Name: Ken Gorski
Title: Vice President

LLOYDS BANK PLC
By:			/s/ Joseph Jeffers
Name: Joseph Jeffers
Title: Relationship Director

MORGAN STANLEY BANK, N.A.
By:			/s/ Michael King
Name: Michael King
Title: Authorized Signatory

MUFG BANK, LTD.
By:			/s/ Victor Pierzchalski
Name: Victor Pierzchalski
Title: Authorized Signatory

PNC BANK NATIONAL ASSOCIATION
By:			/s/ Eric H. Williams
Name: Eric H. Williams
Title: Senior Vice President

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
By:			/s/ Wendy Tso
Name: Wendy Tso
Title: Director


FIFTH THIRD BANK, NATIONAL ASSOCIATION
By:			/s/ Lindsay Bossong
Name: Lindsey Bossong
Title: Director

RIYAD BANK, HOUSTON AGENCY
By:			/s/ Chris Chambers
Name: Chris Chambers
Title: General Manager
By:			/s/ Roxanne Crawford
Name: Roxanne Crawford
Title: Vice President, Administrative Officer

Agreed and accepted:


LOCKHEED MARTIN CORPORATION
By:			/s/ Evan T. Scott
Name: Evan T. Scott
Title: Vice President and Treasurer

BANK OF AMERICA, N.A., as Administrative Agent
By:			/s/ Kyle D Harding
Name: Kyle D Harding
Title: Vice President