Approximate date of
commencement of proposed sale to the public: From time to time on or after the effective date of this registration statement.
If the only
securities being registered on this form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐
If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the
following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If
this form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the
following box. ☒
If this Form is a post-effective amendment to a registration statement filed pursuant to General
Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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):
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 pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides safe harbor provisions for forward-looking information. Forward-looking
information is based on projections and estimates, not historical information. Some statements in this prospectus and the documents incorporated by reference in this prospectus are forward-looking and use words like may,
believe, expect, plan, anticipate, estimate, and other similar expressions. Forward-looking information involves risks and uncertainties and reflects our best judgment based on then current
information. Our financial condition, results of operations and cash flows can be affected by inaccurate assumptions we make or by known or unknown risks and uncertainties. In addition, other factors may affect the accuracy of our forward-looking
information. As a result, no forward-looking information can be guaranteed and you should not place undue reliance on forward-looking information. Actual events and the results of operations may vary materially. While it is not possible to identify
all factors, we continue to face many risks and uncertainties that could cause actual results to differ from our forward-looking statements, including the risks and uncertainties described in our Annual Report on Form 10-K for the year ended
December 31, 2016, our Quarterly Reports on Form 10-Q for the quarters ended March 26, 2017 and June 25, 2017, and in any subsequently filed documents incorporated into this prospectus by reference.
Except where required by applicable law, we expressly disclaim a duty to provide updates to forward-looking statements after the date of this
prospectus to reflect subsequent events, changed circumstances, changes in expectations or the estimates and assumptions associated with them. You should review any additional disclosures we make regarding forward-looking information in our Forms
10-K, 10-Q and 8-K filed with the SEC, which are incorporated into this prospectus by reference.
INFORMATION
ABOUT THE DIRECT INVEST PROGRAM
The following questions and answers explain and constitute the governing document for Lockheed Martin
Direct Invest.
1.
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What is Lockheed Martin Direct Invest?
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Lockheed Martin Direct
Invest or the program is a convenient direct stock purchase and dividend reinvestment program available for new investors to make an initial investment in Lockheed Martin common stock and for existing stockholders to increase their
holdings of Lockheed Martin common stock. Participants in the program may elect to have dividends automatically reinvested in Lockheed Martin common stock and/or to make optional cash investments through our program administrator, Computershare.
Participation in Lockheed Martin Direct Invest is entirely voluntary, and we give no advice regarding your decision to join the program.
If you decide to participate in this program, an enrollment form and reply envelope are enclosed for your convenience. Enrollment forms are also available by contacting Computershare at the address listed in Question 25.
2.
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What options are available under the program?
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Lockheed Martin
Direct Invest allows participants to:
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open a program account with an initial investment of as little as $250.00 by check, or by authorizing automatic deductions from a U.S. bank account;
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have all or part of your Lockheed Martin common stock dividends automatically reinvested in additional shares of Lockheed Martin common stock;
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increase your holdings of Lockheed Martin common stock under the program by making additional investments of as little as $50.00, including the option to make automatic purchases by authorizing deductions from a U.S.
bank account;
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purchase Lockheed Martin common stock in whole dollar amounts, rather than a specific quantity of shares, with the appropriate number of full and fractional shares credited to your Lockheed Martin Direct Invest account;
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make gifts of stock to family members and others at no charge by transferring Lockheed Martin common stock to another Lockheed Martin Direct Invest account, new or old;
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deposit common stock certificates in the programs share safekeeping feature and have your ownership of common stock maintained on Computershares records in book-entry form; and
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receive regular statements indicating activity in your program account.
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Please refer to
Question 8 for additional information regarding dividend reinvestment options and Question 9 for further information regarding the methods of making additional cash investments.
Please retain all account statements for your records. The statements contain important tax and other information.
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3.
Who is eligible to
participate in Lockheed Martin Direct Invest?
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All U.S. citizens are eligible to participate in Lockheed Martin Direct Invest, whether or not they are
currently stockholders of Lockheed Martin.
If you are not a U.S. citizen, you can participate in Lockheed Martin Direct Invest,
provided there are not any laws or governmental regulations that would prohibit you from participating or laws or governmental regulations that would affect the terms of Lockheed Martin Direct Invest. Lockheed Martin reserves the right to terminate
participation of any stockholder if it deems it advisable under any foreign laws or regulations
. All program funds must be in U.S. funds and drawn on a U.S. bank. If you are not in the U.S., contact your bank to verify that they can provide you
with a check that clears through a U.S. bank and can print the dollar amount in U.S. funds. Due to the longer clearance period, we are unable to accept checks clearing through non-U.S. banks. Please contact your local bank for details on how to make
the transaction.
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4.
How does a Lockheed Martin
stockholder enroll in the program?
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If you are already a Lockheed Martin stockholder of record (that is, if you own shares that are registered in
your name, not your brokers name) but you are not enrolled in Lockheed Martin Direct Invest, you may enroll in the program simply by completing and returning a stockholder enrollment form to Computershare or by contacting Computershare online
at
www.computershare.com/investor
. You may obtain additional stockholder enrollment forms at any time upon request to Computershare.
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5.
I already own
shares, but they are held by my bank or broker and registered in street name. Can I use those shares to participate in the program?
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Yes. To become a participant, you may choose from among the following three options:
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If your shares of Lockheed Martin common stock are registered in the name of a bank, broker or other nominee, you may arrange for that bank, broker or nominee to register at least one share directly in your name in
order to become eligible to participate in Lockheed Martin Direct Invest. Once at least one share is registered in your name, you can complete a stockholder enrollment form as described in Question 4.
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If your shares of Lockheed Martin common stock are registered in the name of a bank, broker or other nominee, you may make arrangements to have your bank, broker or nominee participate in Lockheed Martin Direct Invest
on your behalf.
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You may enroll in the program in the same manner as someone who is not currently a Lockheed Martin stockholder, as described in Question 6.
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6.
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I am not currently a Lockheed Martin stockholder. How do I enroll in Lockheed Martin Direct Invest?
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If you do not currently own any Lockheed Martin common stock and you wish to become a stockholder and a participant in Lockheed Martin Direct
Invest, you may enroll in the program by completing an initial enrollment form and making an initial investment of at least $250.00 but no more than $10,000.00. To make your initial investment, you may either:
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include with your initial investment form, a check made payable to ComputershareLockheed Martin in an amount equal to at least $250.00;
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authorize a one-time online investment of at least $250.00; or
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authorize automatic deductions of $50.00 per transaction from a U.S. bank account for at least five consecutive purchases. Automatic deductions will continue indefinitely, beyond the initial five purchases, until you
notify Computershare by telephone or in writing that the automatic deductions are to stop. A direct debit authorization form is included with the initial enrollment form.
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7.
Are there costs
associated with participation?
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If you participate in Lockheed Martin Direct Invest, you will bear the cost of your use of certain features in
the program as described below:
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A one-time $10.00 enrollment fee to establish a new account for a new investor (not a registered Lockheed Martin stockholder) will be deducted from the investment amount.
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Each dividend reinvestment will entail a service fee of 5% of the amount reinvested, up to a maximum of $5.00 plus a per share processing fee of $0.05 for each share purchased.
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Each optional cash investment by check or one-time online bank debit will entail a service fee of $5.00 plus a per share processing fee of $0.05 for each share purchased.
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Each recurring automatic investment from your U.S bank account will entail a service fee of $2.50 per transaction plus a per share processing fee of $0.05 for each share purchased.
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As described in Question 20, you will also bear the costs associated with selling shares you hold through the Lockheed Martin Direct Invest.
If you instruct Computershare to sell some or all of your shares via a batch order sale, you will be charged a service fee of $15.00 per sale and a per share processing fee of $0.12 for each share sold. If you instruct Computershare to sell some or
all of your shares via a market order sale, a day limit order sale or a good-til-cancelled (GTC) order sale, you will be charged a service fee of $25.00 per sale and a per share processing fee of $0.12 for each share sold. An additional
fee of $15.00 will be charged if the assistance of a Customer Service Representative is required when selling shares.
All per share
processing fees include any applicable brokerage commissions Computershare is required to pay. Any fractional share will be rounded up to a whole share for purposes of calculating the per share processing fee.
8.
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What are the dividend reinvestment options?
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As a participant
in the program, you may elect to reinvest all, part or none of the dividends on your Lockheed Martin common stock for the purchase of additional shares. The options available to you are as follows:
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Full Dividend Reinvestment
. If you select this option, Computershare will apply all of your dividends on all Lockheed Martin common stock registered in your name toward the purchase of more shares of Lockheed
Martin common stock.
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Partial Dividend Reinvestment
. If you select this option, Computershare will pay you dividends in cash on the number of shares of Lockheed Martin common stock that you specify on your enrollment form and apply
the balance of your dividends toward the purchase of more shares of Lockheed Martin common stock.
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All Dividends Paid in Cash (No Dividend Reinvestment)
. If you select this option, your dividends will not be reinvested. Instead, you will receive payment by check or automatic deposit (at your option) for all of
your cash dividends.
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Computershare will continue to reinvest your dividends as you have indicated on your enrollment
form until you specify otherwise. You may change your election at any time by either completing or submitting a new enrollment form or by contacting Computershare directly at 1-877-498-8861 or online at
www.computershare.com/investor
.
No matter which reinvestment option you have selected, you may make optional cash investments as described in Question 9.
9.
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How do I make an additional investment?
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You may make optional
cash investments by choosing among the following three options:
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Check Investment
. You may make optional cash investments in Lockheed Martin common stock by sending to Computershare a check for the purchase of additional shares. The check must be made payable to
Computershare - Lockheed Martin in U.S. dollars and drawn on a U.S. bank. If you are not in the U.S., contact your bank to verify that they can provide you with a check that clears through a U.S. bank and can print the dollar amount in
U.S. funds. Due to the longer clearance period, we are unable to accept checks clearing through non-U.S. banks. Computershare will not accept cash, money orders, travelers checks or third party checks. All checks should be sent to
Computershare at the address listed on the tear-off form section attached to each account statement you receive, or if making an investment when enrolling, with your enrollment form.
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Online Investment
. At any time, participants may make optional cash investments through Computershares website,
www.computershare.com/investor
, by authorizing a one-time online bank debit from an
account at a U.S. bank or financial institution. You should refer to the online confirmation for the account debit date and investment date.
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Automatic Investment from a U.S. Bank Account
. As an alternative to sending checks, you may elect to have funds automatically withdrawn from your checking or savings account at a U.S. bank. You may elect the
automatic deduction option by completing and signing a direct debit authorization form and returning this form to Computershare, together with a voided blank check or savings account deposit slip for the bank account from which the funds are to be
withdrawn. Additional direct debit authorization forms are available through Computershare. You may also enroll online through
www.computershare.com/investor
. Your direct debit authorization forms will be processed and will become effective
as promptly as practical. You should allow four to six weeks for the first investment to be initiated using this automatic deduction feature. Once automatic deductions begin, funds will be withdrawn from your bank account on either the first or
fifteenth day of each month, or both (at your option), or the next business day if either of those days is not a business day. Those funds normally will be invested within five business days. You may change the amount of money or terminate automatic
deductions by either calling Computershare directly at 1-877-498-8861 or by completing and submitting to Computershare a new direct debit authorization form or online at
www.computershare.com/investor
. To be effective for a particular
investment date, Computershare must receive your new instructions at least six business days before the investment date. See Question 12 for information regarding investment dates.
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10.
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What are the minimum and maximum amounts for additional investments?
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In addition to increasing your holdings of Lockheed Martin common stock through the reinvestment of dividends, you may make optional cash
investments in Lockheed Martin common stock at any time. Your optional cash investment must be at least $50.00 up to a maximum of $250,000.00 in any calendar year. Whether participating through the use of a check, one-time online investment, or
through the automatic deduction feature, the $50.00 minimum per transaction applies. If you are not a Lockheed Martin stockholder and are a first-time investor in the program, your initial investment must be for at least $250.00 and cannot exceed
$10,000.00. See Question 6 for additional information regarding an initial investment.
Optional cash investments will be returned to you
upon your request provided that Computershare receives your request at least two business days prior to the investment date.
11.
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What is the source of Lockheed Martin common stock purchased through the program?
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At Lockheed Martins option, shares may be purchased in the open market through a registered broker-dealer or directly from Lockheed
Martin. Share purchases in the open market may be made on any stock exchange where Lockheed Martin common stock is traded or by negotiated transactions on such terms as Computershare may reasonably determine. Neither Lockheed Martin nor any
participant will have any authority or power to direct the date, time or price at which shares may be purchased, or the selection of the broker or dealer through or from whom purchases are to be made.
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12.
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When will shares be purchased under the program?
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General
. Direct purchases from Lockheed Martin of authorized but unissued shares of Lockheed Martin common stock will be made on the
relevant investment date. Purchases on the open market will begin on the investment date and will be completed no later than 30 days from such date for reinvested dividends and 35 days from such date for optional cash investments, except
where completion at a later date is necessary or advisable under any applicable federal securities laws.
Optional Cash
Investments
. Computershare will normally invest any initial and additional cash investments by check, online investment, or by automatic deductions from a U.S. bank account, towards the purchase of Lockheed Martin common stock no later than five
business days after receipt of the investment. Computershare will determine the actual investment date for initial and additional cash investments.
Dividend Reinvestments
. The investment date for reinvested cash dividends will be the dividend payment date. If the investment date
falls on a date when the New York Stock Exchange is closed, the investment date will be the next day that the New York Stock Exchange is open. If Computershare receives your enrollment form requesting reinvestment of dividends on or before the
record date established for a particular dividend, reinvestment will commence with that dividend. Dividend record dates for dividends which may be declared on Lockheed Martin common stock and the related payment dates are announced by press release
and posted on our website, at
www.lockheedmartin.com/investor
.
If your enrollment form is received after the record date for a
particular dividend, the reinvestment of dividends will begin on the dividend payment date following the next record date if you are a participant in Lockheed Martin Direct Invest.
13.
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At what price will shares be purchased?
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For shares purchased
on the open market, Computershare may combine your funds with funds of other program participants and generally will batch purchase types (cash dividends, initial cash investments and optional cash investments) for separate execution by its broker.
At Computershares discretion, these batches may be combined and executed by its broker. Computershare may also direct its broker to execute each purchase type in several batches throughout a trading day. Depending on the number of shares being
purchased and current trading volume in shares of the common stock, Computershares broker may execute purchases for any batch or batches in multiple transactions and over more than one day. If different purchase types are batched, the price
per share of common stock purchased for each program participants account, whether purchased with reinvested cash dividends, with initial cash investments or with optional cash investments, shall be the weighted average price of the specific
batch for shares of the common stock purchased by Computershares broker on that investment date.
For shares purchased directly from
Lockheed Martin, the price will be the average of the high and low sales prices of the common stock on the New York Stock Exchange during regular trading hours for that investment date. If the New York Stock Exchange is open for trading on an
investment date but no trading in Lockheed Martin common stock occurs on the New York Stock Exchange for that date, we will determine your price per share on the basis of market quotations as we deem appropriate.
14.
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Will fractional shares be purchased?
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Yes. If any dividend or
optional cash investment is not sufficient to purchase a whole share of Lockheed Martin common stock, a fractional share equivalent will be credited to your account. All fractional shares are rounded to six decimal places.
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15.
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How are payments with insufficient funds handled?
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In the event that any check, authorized electronic funds transfer or other deposit is returned unpaid for any reason, or your predesignated
U.S. bank account does not have sufficient funds for an automatic debit, Computershare will consider the request for investment of that purchase null and void and will immediately remove from your account any shares already purchased in anticipation
of receiving those funds. If the net proceeds from the sale of those shares are insufficient to satisfy the balance of the uncollected amounts, Computershare may sell additional shares from your account as necessary to satisfy the uncollected
balance. There is a $25.00 fee for any check or other deposit that is returned unpaid by your bank and for any failed automatic deduction from your predesignated U.S. bank account. This fee will be collected by Computershare through the sale of the
number of shares from your Lockheed Martin Direct Invest account necessary to satisfy the fee.
16.
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Will interest be paid on the program accounts?
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No. Interest
will not be paid on amounts held pending investment.
17.
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Who will hold the additional shares purchased through Lockheed Martin Direct Invest?
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We are a participant in the Direct Registration System (DRS). DRS is a method of recording shares of stock in book-entry form.
Shares purchased through Lockheed Martin Direct Invest are credited in book-entry form to your account on Computershares records. The number of shares (including fractional interests) credited to your account will be shown on each account
statement.
If you wish to pledge shares credited to your account, you must first request Computershare to issue a stock certificate for
the shares. To request a stock certificate, see Question 18
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18.
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How may I receive a stock certificate?
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You may obtain a
certificate (for an additional fee) for some or all of the whole shares credited to your program account at any time by requesting Computershare to withdraw shares from your program account. You may make such a request by:
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calling Computershare at 1-877-498-8861;
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accessing your program account through the Internet at Computershares website
www.computershare.com/investor
;
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using the tear-off form attached to the account statement; or
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sending written notice specifying the number of shares to be withdrawn.
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Certificates will be
issued to you and registered in your name. Certificates are normally issued to participants within two business days after receipt of the request. No certificates will be issued for a fractional share of common stock. If you request a certificate
for all shares credited to your account, a certificate will be issued for the whole shares and a cash payment will be made for any remaining fractional share. That cash payment will be based upon the then-current market price of the common stock,
less any service and processing fees, and any other costs of sale.
Withdrawing shares from your account does not affect your dividend
reinvestment option. For example, if you authorized the full dividend reinvestment option, cash dividends with respect to shares withdrawn from your account in stock certificate form will continue to be reinvested
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19.
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May I add my certificated shares of Lockheed Martin common stock to my Lockheed Martin Direct Invest account for safekeeping?
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Yes. You may deposit any Lockheed Martin stock certificate in your possession and registered in your name with Computershare for credit to your
account as book-entry shares at any time, at no cost. The safekeeping feature offers two advantages:
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the risk associated with loss, theft or destruction of stock certificates is eliminated; otherwise, in the case of a lost or stolen certificate, no sale or transfer may occur until a replacement is obtained, which can
be a costly and time-consuming process; and
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since shares deposited into your account with Computershare are treated in the same manner as shares purchased through the program, they may be transferred or sold through the program in a convenient and efficient
manner.
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To combine shares held in certificate form with shares held through your Lockheed Martin Direct Invest account, you
must send your request and your certificates to Computershare.
The certificates should not be endorsed.
Computershare will promptly send you a statement confirming each certificate deposit.
To insure against loss resulting from mailing certificates to Computershare, you should send your certificates to the address listed in
Question 25 by registered mail, return receipt requested, and properly insured. If your share certificate is lost, you will be required to post a bond and pay an insurance premium. As of the date of this prospectus, the insurance premium equals 3%
of the market value of the securities plus a current processing fee of $80.00. As a result, we recommend that you insure the shipment of your shares for at least 3% of the market value, plus a $80.00 current processing fee, to cover the cost of the
replacement bond in the event that your share certificates are lost or stolen in transit.
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20.
How may I sell shares I hold
through Lockheed Martin Direct Invest?
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You have four choices when making a sale, depending on how you submit your sale request, as follows:
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Market Order
: A market order is a request to sell shares promptly at the current market price. Market order sales are only available at
www.computershare.com/investor
through Investor Centre or by calling
Computershare directly at 1-877-498-8861. Market order sale requests received at
www.computershare.com/investor
through Investor Centre or by telephone will be placed promptly upon receipt during market hours (normally 9:30 a.m. to 4:00 p.m.
Eastern Time). Any orders received after 4:00 p.m. Eastern Time will be placed promptly on the next day the market is open. Depending on the number of shares being sold and current trading volume in the shares, a market order may only be partially
filled or not filled at all on the trading day in which it is placed, in which case the order, or remainder of the order, as applicable, will be cancelled at the end of such day. To determine if your shares were sold, you should check your account
online at
www.computershare.com/investor
or call Computershare directly at 1-877-498-8861. If your market order sale was not filled and you still want the shares sold, you will need to re-enter the sale request. The price shall be the market
price of the sale obtained by Computershares broker, less a service fee of $25.00 per sale and a per share processing fee of $0.12 for each share sold.
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Batch Order
: A batch order is an accumulation of all sale requests for a security submitted together as a collective request. Batch orders are submitted on each market day, assuming there are sale requests to be
processed. Sale instructions for batch orders received by Computershare will be processed no later than five business days after the date on which the order is received (except where deferral is required under applicable federal or state laws or
regulations), assuming the applicable market is open for trading and sufficient market liquidity exists. All sale requests received in writing will be submitted as batch order sales. Computershare will seek to sell shares in round lot (100 shares)
transactions. For this purpose Computershare may combine each selling program participants shares with those of other selling participants. In every case of a batch order sale, the price to each selling Program participant shall be the
weighted average sale price obtained by Computershares broker for each aggregate order placed by Computershare and executed by the broker, less a service fee of $15.00 per sale and a per share processing fee of $0.12 for each share sold.
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Day Limit Order
: A day limit order is an order to sell securities when and if they reach a specific trading price on a specific day. The order is automatically cancelled if the price is not met by the end of that
day (or, for orders placed after-market hours, the next day the market is open). Depending on the number of securities being sold and the current trading volume in the securities, such an order may only be partially filled, in which case the
remainder of the order will be cancelled. The order may be cancelled by the applicable stock exchange, by Computershare at its sole discretion or, if Computershares broker has not filled the order, at your request made online at
www.computershare.com/investor
or by calling Computershare directly at 1-877-498-8861. Each day limit order sale will incur a service fee of $25.00 per sale and a per share processing fee of $0.12 for each share sold.
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Good-Til-Cancelled (GTC) Limit Order
: A GTC limit order is an order to sell securities when and if the securities reach a specific trading price at any time while the order remains open (generally up
to 30 days). Depending on the number of securities being sold and current trading volume in the securities, sales may be executed in multiple transactions and over more than one day. If shares are traded on more than one day during which the market
is open, a separate fee will be charged for each such day. The order (or any unexecuted portion thereof) is automatically cancelled if the trading price is not met by the end of the order period. The order may be cancelled by the applicable stock
exchange, by Computershare at its sole discretion or, if Computershares broker has not filled the order, at your request made online at
www.computershare.com/investor
or by calling Computershare directly at 1-877-498-8861. Each GTC
limit order sale will incur a service fee of $25.00 per sale and a processing fee of $0.12 for each share sold.
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Per share
processing fees include any applicable brokerage commissions Computershare is required to pay. Any fractional share will be rounded up to a whole share for purposes of calculating the per share processing fee. Computershare may, for various reasons,
require a sales request to be submitted in writing. Please contact Computershare to determine if there are any limitations applicable to your particular sale request. An additional fee of $15.00 will be charged if the assistance of a Customer
Service Representative is required when selling shares.
You should be aware that the price of Lockheed Martin common stock may rise or
fall during the period between a request for sale, its receipt by Computershare, and the ultimate sale on the open market. Instructions for a market order or a batch sale are binding and may not be rescinded.
If you elect to sell shares online at
www.computershare.com/investor
through the Investor Centre, you may utilize Computershares
international currency exchange service to convert your sale proceeds to your local currency prior to being sent to you. Receiving your sales proceeds in a local currency and having your check drawn on a local bank avoids the time consuming and
costly collection process required for cashing U.S. dollar checks. This service is subject to additional terms and conditions and fees, which you must agree to online.
Computershare reserves the right to decline to process a sale if it determines, in its sole discretion, that supporting legal documentation is
required. In addition, no one will have any authority or power to direct the time or price at which shares for the program are sold (except for prices specified for day limit orders or GTC limit orders), and no one, other than Computershare, will
select the broker(s) or dealer(s) through or from whom sales are to be made.
Alternatively, you may choose to sell common shares in your
program account through a stockbroker of your choice, in which case you should contact your broker about transferring shares from your plan account to your brokerage account. You may be charged a fee by your broker.
21.
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Can I transfer shares that I hold in the program to someone else?
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Yes. You may transfer ownership of some or all of your shares held through Lockheed Martin Direct Invest. You may call Computershare at
1-877-498-8861 for complete transfer instructions. You may also obtain information about transferring your shares through the Computershare Transfer Wizard at
www.computershare.com/transferwizard
. The Transfer Wizard will guide you through
the transfer process, assist you in completing the transfer form, and identify other necessary documentation you may need to provide. You may transfer shares to new or existing Lockheed Martin stockholders. If you transfer less than one whole share,
a new Lockheed Martin Direct Invest account may not be opened for the transferee. If the transferee is not already a participant in Lockheed Martin Direct Invest and you transfer more than one whole share, an account will be opened in the name of
the transferee and he or she will automatically be enrolled in the program. If the transferee is not already a participant in Lockheed Martin Direct Invest, the account will be enrolled under the full reinvestment option unless you specify
differently. The transferee may change the investment option after the transfer has been made as described in Question 23.
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22.
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Ive just moved. How can I request a change of address or update other personal data?
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It is important that our records contain your most up-to-date personal data. If you need to request a change of address or update other
personal data, please call Computershare at 1-877-498-8861, write to Computershare at the address listed in Question 25, or update your information online through Investor Centre at
www.computershare.com/investor.
23.
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How may I change my dividend reinvestment option or discontinue reinvesting my dividends?
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You may change dividend reinvestment options by calling Computershare directly at 1-877-498-8861, instructing Computershare in writing at its
address listed in Question 25, online at
www.computershare.com/investor
or by submitting to Computershare a new election on an enrollment form. To be effective for a specific dividend, any change must be received by Computershare before the
record date for that dividend. See Question 12 for information regarding record dates.
You may discontinue reinvestment of cash dividends
at any time by calling or writing to Computershare. If Computershare receives your request to discontinue dividend reinvestment on or after the record date for a dividend, Computershare may either pay the dividend in cash or reinvest it under the
program on the next investment date on your behalf. If reinvested, Computershare may sell the shares purchased and send the proceeds to you, less any service or processing fees and any other costs of sale. After processing your request to
discontinue dividend reinvestment, any shares credited to your account under Lockheed Martin Direct Invest will continue to be held in book-entry form. Dividends on any shares held in book-entry form, and on any shares you hold in stock certificate
form, will be paid in cash by check or direct deposit (at your option). To receive cash dividends by direct deposit, see Question 24.
24.
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May I receive dividend payments by direct deposit?
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Yes.
Through the programs direct deposit feature, instead of receiving dividend checks, you may elect to have your cash dividends paid by electronic funds transfer to your U.S. bank account on the dividend payment date. To receive dividends by
direct deposit, you must complete, sign and return to Computershare an authorization for electronic direct deposit. You may obtain this form by calling Computershare directly at 1-877-498-8861. You also may elect direct deposit at
www.computershare.com/investor
through Investor Centre.
Authorization for electronic direct deposit forms will be processed and
will become effective as promptly as practicable after receipt of the form by Computershare. You may change your designated bank account for direct deposit or discontinue this feature at any time by submitting to Computershare a new authorization
for electronic direct deposit form, through the Internet, or by written instruction to Computershare.
25.
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Who administers Lockheed Martin Direct Invest? How do I contact them?
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Computershare Trust Company, N.A. directs the purchase of and credits participants accounts with shares of Lockheed Martin common stock
acquired under the program, keeps records, sends statements of account activity to participants and performs federal income tax reporting and other related duties.
You may contact Computershare by writing to:
Lockheed Martin Direct Invest
c/o
Computershare
P.O. Box 505000
Louisville, KY 40233-5000
You
may contact Computershare toll-free at one of the telephone numbers listed below:
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Stockholder customer service, including sale of shares: 1-877-498-8861 (within the U.S. and Canada) and 1-781-575-2879 (outside the U.S. and Canada).
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New investors requesting program material: 1-877-498-8861 (available 24 hours a day, 7 days a week) and TDD: 1-800-368-0328 (a telecommunications device for the hearing impaired is available).
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You also may contact Computershare via the Internet. Computershares Internet address is
www.computershare.com/investor
. Messages sent via the Internet will be responded to promptly. At Computershares website, you can access your share balance, sell shares, request a stock certificate and obtain online forms and other
information about your account.
26.
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What reports will I receive?
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Statements of your account
activity will be sent to you after each transaction. Each account statement will show the amount invested, the purchase or sale price, the number of shares purchased or sold and any applicable service and processing fees, as well as any activity
associated with share deposits or withdrawals. The statement will also reflect the cost basis of any shares acquired after January 1, 2011. Please notify Computershare promptly either in writing or by telephone if your address changes. In
addition, you will receive copies of the same communications sent to all other holders of Lockheed Martin common stock, such as annual reports and proxy statements. You also will receive any Internal Revenue Service information returns, if required.
Please retain all account statements for your records. The statements contain important tax and other information.
27.
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What if Lockheed Martin issues a stock dividend or declares a stock split?
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Any stock dividends or split shares of Lockheed Martin common stock distributed by Lockheed Martin on shares credited to your account or on
shares held by you in the form of stock certificates will be credited to your program account. You will receive a statement indicating the number of shares or dividends earned as a result of the transaction.
28.
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How do I vote my program shares at stockholders meetings?
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Each stockholder entitled to vote at a meeting of stockholders is sent either a notice containing instructions on how to access our proxy
statement and our annual report or a printed copy of our proxy materials before the meeting. You are encouraged to read the proxy materials carefully. You may vote your shares in accordance with the instructions provided in the proxy materials.
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29.
Can Lockheed Martin Direct
Invest be changed?
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Lockheed Martin reserves the right to suspend or terminate the program at any time. Lockheed Martin also
reserves the right to make modifications to the program. You will be notified of any such suspension, termination or modification.
Computershare also may terminate your Lockheed Martin Direct Invest account if you do not own at least one whole share. In the event that your
program account is terminated for this reason, a check for the cash value of the fractional share based upon the then-current market price, less any service fee, any brokerage commission and any other costs of sale, will be sent to you and your
account will be closed.
Any questions of interpretation that may arise under the program will be determined by Lockheed Martin and
Lockheed Martins determination will be final. Notwithstanding the foregoing, Lockheed Martin stockholders may challenge a determination made by Lockheed Martin in a court of competent jurisdiction and a final, non-appealable order or judgment
of a court of competent jurisdiction will be final and binding on all parties.
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30.
What are the responsibilities
of Lockheed Martin and Computershare under the program?
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Neither Lockheed Martin nor Computershare will be liable for any act or omission to act, which was done in good
faith, including any claim of liability arising out of the failure to cease reinvestment of dividends for a participants account upon the participants death prior to receipt of notice in writing of the death along with a request to cease
dividend reinvestment from a qualified representative of deceased, the prices at which shares are purchased or sold for participants accounts, the times when purchases or sales are made, or fluctuations in the market value of Lockheed Martin
common stock.
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You should recognize that neither Lockheed Martin nor Computershare can assure you of a profit or
protect you against a loss on shares purchased through the program.
Although Lockheed Martin currently contemplates the continuation of
quarterly dividends, the payment and amount of dividends is subject to limitations under applicable law and the discretion of Lockheed Martins Board of Directors and will depend upon future earnings, the financial condition of Lockheed Martin
and other factors.
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31.
What are the federal income
tax consequences of participating in the program?
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This is a general discussion of the U.S. federal income tax consequences of the program. You should consult
your own tax advisor with respect to the tax consequences of participation in the program (including federal, state, local and other tax laws and U.S. tax withholding laws) applicable to your particular situation.
Cash dividends reinvested under the program will be taxable for U.S. federal income tax purposes as having been received by you even though
you have not actually received them in cash. The total amount of dividends earned by you during the year, whether or not they are reinvested, will be reported to you and the U.S. Internal Revenue Service on IRS Form 1099-DIV shortly after the close
of each year.
You will not realize gain or loss for U.S. federal income tax purposes upon a transfer of shares to your program account or
the withdrawal of whole shares from your account. You will, however, generally realize gain or loss upon the receipt of cash for a fractional share credited to your account. You will also realize gain or loss when shares are sold. The amount of gain
or loss will be the difference between the amount that you receive for the shares sold and your tax basis in the shares (generally, the amount you paid for the shares plus allocable per share processing fees paid, if any). Sales will be reported to
you and the U.S. Internal Revenue Service on IRS Form 1099-B shortly after the end of the year.
Dividends of a nonresident foreign
stockholder generally will be subject to withholding of U.S. federal income tax at a 30% rate or such lower rate as may be specified by an applicable income tax treaty. If you are a nonresident foreign stockholder whose dividends are subject to U.S.
federal income tax withholding, the amount of the tax to be withheld will be deducted from the amount of dividends, and your election regarding dividend reinvestment will apply to the net amount of dividends remaining after such deduction for tax
withholding.
Dividends paid on shares in the program accounts, and proceeds from a sale of shares, may be subject to the backup
withholding provisions of the Internal Revenue Code. If you fail to furnish a properly completed Form W-9 or its equivalent or are otherwise subject to backup withholding, Computershare must withhold and pay over to the Internal Revenue
Service a withholding tax at the current withholding rate prescribed by Section 3406 of the Internal Revenue Code from the amount of dividends, the proceeds of the sale of a fractional share, and the proceeds of any sale of whole shares, unless
you are exempt from backup withholding.
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
The SEC allows us to incorporate by reference into this prospectus certain information we file with the SEC, which means that we
may disclose important information by referring you to another document that contains the information. The information incorporated by reference is considered to be a part of this prospectus, and certain information we file later with the SEC
automatically will update and, to the extent inconsistent, supersede the information filed earlier. We incorporate by reference into this prospectus the documents listed below (and any amendments to these documents) and any future filings we make
with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), until the offering of the common stock covered by this prospectus is completed; provided, however, that we are
not incorporating by reference any documents or information, including parts of documents that we file with the SEC, that are deemed to be furnished and not filed with the SEC.
The following documents filed with the SEC are incorporated herein by reference:
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our Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on February 9, 2017, including the portions of our Proxy Statement, filed with the SEC on March 17, 2017, for our
2017 annual meeting of stockholders incorporated by reference in our Annual Report;
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our Quarterly Reports on Form 10-Q for the quarters ended March 26, 2017 and June 25, 2017;
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our Current Report on Form 8-K filed on April 27, 2017; and
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the description of our common stock, $1.00 par value per share, contained in our Registration Statement on Form 8-B (File No. 001-11435), filed on March 6, 1995 pursuant to Section 12 of the Exchange Act
(as amended on Form 8-B/A (File No. 001-11437) filed on March 9, 1995), and any amendment or report filed for the purpose of updating such description.
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You may obtain copies of the documents we incorporate by reference by contacting us at the address indicated below or by contacting the SEC as
described below under Where to Find Additional Information. We will provide without charge upon written or oral request, a copy of any and all of the documents that have been or may be incorporated by reference, except that exhibits to
such documents will not be provided unless they are specifically incorporated by reference into such documents. Requests for copies of these documents should be directed to:
Lockheed Martin Corporation
6801
Rockledge Drive
Bethesda, Maryland 20817
Attention: Corporate Secretary
Telephone: (301) 897-6000