Lockheed Martin Enters Material Definitive Agreement

TL;DR

LM just signed a big deal, details TBD.

AI Summary

Lockheed Martin Corporation announced on August 23, 2024, that it entered into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures. Further information regarding the nature of this agreement is expected to be provided in subsequent filings or disclosures.

Why It Matters

This filing indicates a significant new contract or partnership for Lockheed Martin, which could impact its future revenue and strategic direction. Investors will be looking for details on the agreement's scope and financial implications.

Risk Assessment

Risk Level: medium — The lack of specific details in this filing creates uncertainty about the nature and potential impact of the material definitive agreement.

Key Players & Entities

• LOCKHEED MARTIN CORPORATION (company) — Registrant
• August 23, 2024 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• 52-1893632 (identifier) — IRS Employer Identification No.
• 6801 Rockledge Drive (address) — Principal executive offices
• Bethesda, Maryland (location) — Principal executive offices location
• 20817 (zip_code) — Principal executive offices zip code
• 301-897-6000 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0000936468-24-000101.txt : 20240827 0000936468-24-000101.hdr.sgml : 20240827 20240826215003 ACCESSION NUMBER: 0000936468-24-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240823 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240827 DATE AS OF CHANGE: 20240826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP CENTRAL INDEX KEY: 0000936468 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521893632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 241243070 BUSINESS ADDRESS: STREET 1: 6801 ROCKLEDGE DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018976000 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 8-K 1 lmt-20240823.htm 8-K lmt-20240823 0000936468 false 0000936468 2024-08-23 2024-08-23 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 23, 2024     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. On August 23, 2024, Lockheed Martin Corporation (the “Company”) entered into Amendment No. 1 to Credit Agreement (the “Amendment”), which amends the Company’s existing $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, among other things, extends the maturity date of the Credit Agreement by one year from August 24, 2028 to August 24, 2029 and