LMT 10-K Annual Report Dec. 31, 2017 | Alphaminr
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LMT 10-K Fiscal year ended Dec. 31, 2017

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LOCKHEED MARTIN CORP
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TABLE OF CONTENTS
Part IItem 1. BusinessNote 5 Information on Business SegmentsNote 14 Legal Proceedings, Commitments and ContingenciesNote 1 Significant Accounting PoliciesItem 1A. Risk FactorsNote 11 Postretirement Benefit PlansNote 3 Acquisitions and DivestituresItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresItem 4(a). Executive Officers Of The RegistrantPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. Selected Financial DataNote 15 Restructuring ChargesNote 9 Income TaxesNote 10 DebtItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsNote 8 Property, Plant and Equipment, NetItem 7A. Quantitative and Qualitative Disclosures About Market RiskNote 16 Fair Value MeasurementsItem 8. Financial Statements and Supplementary DataNote 2 Earnings Per ShareNote 4 Goodwill and Acquired IntangiblesNote 6 Receivables, NetNote 7 Inventories, NetNote 12 Stockholders EquityNote 13 Stock-based CompensationNote 17 Summary Of Quarterly Information (unaudited)Item 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions and Director IndependenceItem 14. Principal Accountant Fees and ServicesPart IVItem 15. Exhibits and Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

2.1 Stock Purchase Agreement dated as of July 19, 2015 by and among United Technologies Corporation, the other Sellers identified therein and Lockheed Martin Corporation (incorporated by reference to Exhibit 2.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on July 20, 2015). The schedules and exhibits to the Stock Purchase Agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. Lockheed Martin agrees to furnish supplementally a copy of such schedules and exhibits, or any section thereof, to the SEC upon request. 2.2 Amendment No. 1 to Stock Purchase Agreement dated as of November 5, 2015 by and among United Technologies Corporation and certain affiliated entities identified therein and Lockheed Martin Corporation (incorporated by reference to Exhibit 2.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on November 6, 2015). The exhibits to Amendment No. 1 to Stock Purchase Agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. Lockheed Martin agrees to furnish supplementally a copy of such exhibits, or any section thereof, to the SEC upon request. 2.3 Agreement and Plan of Merger, dated as of January26, 2016, among Lockheed Martin Corporation, Leidos Holdings, Inc., Abacus Innovations Corporation and Lion Merger Co. (incorporated by reference to Exhibit 2.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on January 27, 2016). The schedules and attachments to the Merger Agreement have been omitted pursuant to Item601(b)(2) of Regulation S-K, and such schedules and attachments will be furnished to the SEC upon request. 2.4 Amendment dated as of June 27, 2016 to Agreement and Plan of Merger, dated as of January26, 2016, among Lockheed Martin Corporation, Leidos Holdings, Inc., Abacus Innovations Corporation and Lion Merger Co. (incorporated by reference to Exhibit 2.1 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended June 26, 2016). 2.5 Separation Agreement, dated as of January26, 2016, between Lockheed Martin Corporation and Abacus Innovations Corporation (incorporated by reference to Exhibit 2.2 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on January 27, 2016). The schedules and attachments to the Separation Agreement have been omitted pursuant to Item601(b)(2) of Regulation S-K, and such schedules and attachments will be furnished to the SEC upon request. 2.6 Amendment dated as of June 27, 2016 to Separation Agreement, dated as of January26, 2016, between Lockheed Martin Corporation and Abacus Innovations Corporation (incorporated by reference to Exhibit 2.2 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended June 26, 2016).The schedules to theamendment have been omitted pursuant to Item601(b)(2) of Regulation S-K, and such schedules and attachments will be furnished to the SEC upon request. 3.1 Charter of Lockheed Martin Corporation, as amended by Articles of Amendment dated April23, 2009 (incorporated by reference to Exhibit 3.1 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2010 (File No. 001-11437)). 3.2 Bylaws of Lockheed Martin Corporation, as amended and restated effective December 8, 2017 (incorporated by reference to Exhibit 3.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on December 11, 2017). 4.1 Indenture, dated May 15, 1996, among Lockheed Martin Corporation, Lockheed Martin Tactical Systems, Inc. and First Trust of Illinois, National Association as Trustee. 4.2 Indenture, dated as of August 30, 2006, between Lockheed Martin Corporation and The Bank of New York (incorporated by reference to Exhibit 99.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on August 31, 2006 (File No. 001-11437)). 4.3 Indenture, dated as of March 11, 2008, between Lockheed Martin Corporation and The Bank of New York (incorporated by reference to Exhibit 4.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on March 12, 2008 (File No. 001-11437)). 4.4 Indenture, dated as of May 25, 2010, between Lockheed Martin Corporation and U.S. Bank National Association (incorporated by reference to Exhibit 99.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on May 25, 2010 (File No. 001-11437)). 4.5 Indenture, dated as of September6, 2011, between Lockheed Martin Corporation and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on September8, 2011 (File No. 001-11437)). 4.6 Indenture, dated as of December 14, 2012, between Lockheed Martin Corporation and U.S. Bank National Association (incorporated by reference to Exhibit 99.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on December 17, 2012 (File No. 001-11437)). 4.7 Indenture dated as of September 7, 2017, between Lockheed Martin Corporation and U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 99.1 of Lockheed Martin's Current Report on Form 8-K filed with the SEC on September 7, 2017). 10.1 Five-Year Credit Agreement dated as of October 9, 2015, among Lockheed Martin Corporation, the lenders listed therein, and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 10.2 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on October 13, 2015). 10.2 Extension Agreement dated as of October 7, 2016 by and among Lockheed Martin Corporation, the lenders listed therein, and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on October 7, 2016). 10.3 Extension Agreement dated as of October 9, 2017 by and among Lockheed Martin Corporation, the lenders listed therein, and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporation's Current Report on Form 8-K filed with the SEC on October 10, 2017). 10.4 Lockheed Martin Corporation Directors Deferred Compensation Plan, as amended (incorporated by reference to Exhibit 10.2 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December31,2008 (File No. 001-11437)). 10.5 Lockheed Martin Corporation Directors Equity Plan, as amended (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on November 2, 2006 (File No. 001-11437)). 10.7 Amendment to Lockheed Martin Corporation 2009 Directors Equity Plan, effective January 1, 2018 (incorporated by reference to Exhibit 10.2 to Lockheed Martin Corporation's Quarterly Report on Form 10-Q for the quarter ended September 24, 2017). 10.8 Lockheed Martin Corporation Supplemental Savings Plan, as amended and restated effective January 1, 2015 (incorporated by reference to Exhibit 10.4 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended March 29, 2015). 10.9 Lockheed Martin Corporation Deferred Management Incentive Compensation Plan, as amended and restated effective May 16, 2016 (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended June 26, 2016). 10.10 Lockheed Martin Corporation Amended and Restated 2006 Management Incentive Compensation Plan (Performance Based), amended and restated effective January 1, 2017 (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended March 26, 2017). 10.11 Amendment No. 1 dated December 19, 2017 to Lockheed Martin Corporation Amended and Restated 2006 Management Incentive Compensation Plan (Performance Based), amended and restated effective January 1, 2017. 10.12 Lockheed Martin Corporation Amended and Restated 2003 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.17 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11437)). 10.13 Forms of Stock Option Award Agreements under the Lockheed Martin Corporation 2003 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.32 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11437)). 10.14 Forms of Stock Option Award Agreements under the Lockheed Martin Corporation 2003 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.33 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2009 (File No. 001-11437)). 10.15 Form of Stock Option Award Agreement under the Lockheed Martin Corporation 2003 Incentive Performance Award Plan (incorporated by reference to Exhibit 99.3 of Lockheed Martin Corporations Current Report on Form 8-K filed with the SEC on February 3, 2011 (File No. 001-11437)). 10.16 Form of Indemnification Agreement (incorporated by reference to Exhibit 10.34 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2009 (File No. 001-11437)). 10.17 Lockheed Martin Corporation 2011 Incentive Performance Award Plan, as amended June 23, 2016 effective as of January 1, 2017 (incorporated by reference to Exhibit 10.2 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended June 26, 2016). 10.18 Forms of Stock Option Award Agreements under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.39 of Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2011 (File No. 001-11437)). 10.19 Lockheed Martin Corporation Nonqualified Capital Accumulation Plan, as amended and restated generally effective as of December 18, 2015 (incorporated by reference to Exhibit 10.22 of Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2015). 10.20 Non-Employee Director Compensation Summary (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended September 24, 2017). 10.21 Form of Restricted Stock Unit Award Agreement, Form of Long-Term Incentive Performance Award Agreement (2015-2017 performance period), and Form of Performance Stock Unit Award Agreement (2015-2017 performance period) under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.30 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2014 (File No. 001-11437)). 10.22 Form of Restricted Stock Unit Award Agreement under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.2 to Lockheed Martin Corporations Current Report on Form 8-K filed on February 2, 2016). 10.23 Form of Performance Stock Unit Award Agreement (2016-2018 performance period) under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.3 to Lockheed Martin Corporations Current Report on Form 8-K filed on February 2, 2016). 10.24 Form of Long-Term Incentive Performance Award Agreement (2016-2018 performance period) under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.4 to Lockheed Martin Corporations Current Report on Form 8-K filed on February 2, 2016). 10.25 Form of Restricted Stock Unit Award Agreement under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.2 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended March 26, 2017). 10.26 Form of Performance Stock Unit Award Agreement (2017 to 2019 Performance Period) under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.3 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended March 26, 2017). 10.27 Form of Long-Term Incentive Performance Award Agreement (2017 to 2019 Performance Period) under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan (incorporated by reference to Exhibit 10.4 to Lockheed Martin Corporations Quarterly Report on Form 10-Q for the quarter ended March 26, 2017). 10.28 Lockheed Martin Corporation Consolidated Supplemental Retirement Benefit Plan, as amended and restated effective December 31, 2017. 10.29 Lockheed Martin Corporation Executive Severance Plan, as amended and restated effective December 1, 2016 (incorporated by reference to Exhibit 10.26 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2016). 10.30 Amendment to Terms of Outstanding Restricted Stock Unit Awards and Performance Stock Unit Awards under the Lockheed Martin Corporation 2011 Incentive Performance Award Plan Relating to Tax Withholding (incorporated by reference to Exhibit 10.27 to Lockheed Martin Corporations Annual Report on Form 10-K for the year ended December 31, 2016). 10.31 Amendments to Terms of Outstanding Long-Term Incentive Performance Award Agreements (2015-2017 Performance Period and 2016-2018 Performance Period) under the Lockheed Martin Corporation 2011 Performance Award Plan Relating to Tax Withholding (incorporated by reference to Exhibit 10.1 to Lockheed Martin Corporation's Quarterly Report on Form 10-Q for the quarter ended June 25, 2017). 12 Computation of ratio of earnings to fixed charges. 21 Subsidiaries of Lockheed Martin Corporation. 23 Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm. 24 Powers of Attorney. 31.1 Certification of Marillyn A. Hewson pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 31.2 Certification of Bruce L. Tanner pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32 Certification of Marillyn A. Hewson and Bruce L. Tanner Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.