Lockheed Martin CORP 8-K Filing
Ticker: LMT · Form: 8-K · Filed: Dec 18, 2025 · CIK: 936468
| Field | Detail |
|---|---|
| Company | Lockheed Martin CORP (LMT) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2025 |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1, $900 million, $480 million |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 8-K filing submitted by Lockheed Martin CORP (ticker: LMT) to the SEC on Dec 18, 2025.
What are the key financial figures in this filing?
Key dollar amounts include: $1 (ange on which registered Common Stock, $1 par value LMT New York Stock Exchange); $900 million (result in the transfer of approximately $900 million of gross pension obligations from the p); $480 million (etax settlement charge of approximately $480 million in the fourth quarter of 2025, which re).
How long is this filing?
Lockheed Martin CORP's 8-K filing is 3 pages with approximately 929 words. Estimated reading time is 4 minutes.
Where can I view the full 8-K filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 929 words · 4 min read · ~3 pages · Grade level 14.4 · Accepted 2025-12-18 16:39:14
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value LMT New York Stock Exchange
- $900 million — result in the transfer of approximately $900 million of gross pension obligations from the p
- $480 million — etax settlement charge of approximately $480 million in the fourth quarter of 2025, which re
Filing Documents
- lmt-20251218.htm (8-K) — 31KB
- 0000936468-25-000057.txt ( ) — 144KB
- lmt-20251218.xsd (EX-101.SCH) — 2KB
- lmt-20251218_lab.xml (EX-101.LAB) — 21KB
- lmt-20251218_pre.xml (EX-101.PRE) — 12KB
- lmt-20251218_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On December 16, 2025, Lockheed Martin Corporation ("Lockheed Martin" or "the Company") executed buy-out conversions of group annuity contracts previously purchased using assets from certain of the Company's defined benefit pension plans. The conversions result in the transfer of approximately $900 million of gross pension obligations from the plans to certain insurance companies with no additional costs or funding contributions required by Lockheed Martin. Under the terms of the group annuity contracts, the plans initially retained the obligation for paying the pension benefits to the covered retirees and beneficiaries and the insurance companies reimbursed the plans as those benefits were paid. The group annuity contracts also provided the Company the option to transfer the defined benefit pension obligations to the insurance companies at its discretion. Upon completion of the conversions, the insurance companies legally assumed the pension obligations and will begin paying and administering the retirement benefits for approximately 9,000 U.S. retirees and beneficiaries. There will be no change to the nature, amount, or timing of benefit payments as a result of the conversions. In connection with the transactions, the Company expects to recognize a non-cash, non-operating pretax settlement charge of approximately $480 million in the fourth quarter of 2025, which reflects the accelerated recognition of actuarial losses for the affected plan that were included in stockholders' equity. The estimated charge was not included in the Company's prior 2025 financial outlook released on October 21, 2025.
Forward Looking Statements
Forward Looking Statements This current report on 8-K contains statements that, to the extent they are not recitations of historical fact, constitute forward-looking statements within the meaning of the federal securities laws, including the expected non-cash settlement charge, and are based on Lockheed Martin's current expectations and assumptions. The words "believe," "estimate," "anticipate," "project," "intend," "expect," "plan," "outlook," "scheduled," "forecast" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results may differ materially due to factors such as: the amount of the expected settlement charge, the accuracy of the Company's estimates and projections; timing and estimates regarding pension funding and movements of interest rates; other changes that may affect pension plan assumptions and actual returns on pension plan assets, stockholders' equity, the level of the FAS/CAS adjustment and actual returns on pension plan assets; cash funding requirements and additional pension risk transfers and associated settlement charges; and the impact of pension related legislation. These are only some of the factors that may affect the forward-looking statements contained in this current report on Form 8-K. For a discussion identifying additional important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see the Company's filings with the U.S. Securities and Exchange Commission ("SEC") including, but not limited to, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in the Company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. The Company's filings may be accessed through the Investor Relations page of its website, www.lockheedmartin.com/investor, or through