Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration Statement No. 333-149630
Issuer Free Writing Prospectus, dated November 13, 2009
Lockheed Martin Corporation
Pricing Term Sheet
November 13, 2009
| 4.25% Notes due 2019 | 5.50% Notes due 2039 | |||
| Issuer: |
Lockheed Martin Corporation | Lockheed Martin Corporation | ||
| Security Type: |
Senior Unsecured | Senior Unsecured | ||
| Trade Date: |
November 13, 2009 | November 13, 2009 | ||
| Settlement Date (T+3): |
November 18, 2009 | November 18, 2009 | ||
| Interest Payment Dates: |
May 15 and November 15, commencing on May 15, 2010 |
May 15 and November 15, commencing on May 15, 2010 | ||
| Ratings: |
Baa1/A-/A- | Baa1/A-/A- | ||
| Size: |
$900,000,000 | $600,000,000 | ||
| Maturity: |
November 15, 2019 | November 15, 2039 | ||
| Coupon: |
4.25% per annum, accruing from November 18, 2009 | 5.50% per annum, accruing from November 18, 2009 | ||
| Price to Public: |
99.093% of face amount, plus accrued interest, if any, from November 18, 2009 |
99.173% of face amount, plus accrued interest, if any, from November 18, 2009 | ||
| Yield to maturity: |
4.363% | 5.557% | ||
| Spread to Benchmark Treasury: |
93 basis points | 120 basis points | ||
| Benchmark Treasury: |
3.625% due August 15, 2019 | 4.25% due May 15, 2039 | ||
| Benchmark Treasury Price and Yield: |
101-18+/3.433% | 98-07+/4.357% | ||
| Redemption Make-Whole Call: |
T+15 basis points. | T+20 basis points. | ||
| CUSIP: |
539830 AT6 | 539830 AU3 | ||
| Joint Book-Running Managers: |
Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Banc of America Securities LLC Morgan Stanley & Co. Incorporated | |
| Joint Lead Managers: |
Goldman, Sachs & Co. RBS Securities Inc. | |
| Co-Managers: |
BNP Paribas Securities Corp. Lloyds TSB Bank plc Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. UBS Securities LLC Wells Fargo Securities, LLC | |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC that are incorporated by reference in this prospectus for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc., toll free, at 1-877-858-5407, J.P. Morgan Securities Inc., at 1-212-834-4533, Banc of America Securities LLC, toll free, at 1-800-294-1322 or Morgan Stanley & Co. Incorporated, toll free, at 1-866-718-1649.
Certain of the underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, investment banking and commercial banking services for the issuer, for which they received or will receive customary fees and expenses.
This pricing term sheet supplements the preliminary form of prospectus supplement issued by Lockheed Martin Corporation on November 13, 2009 relating to its Prospectus dated March 11, 2008.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.