The investment-grade notes are due 2029, 2034 and 2064

Davis Polk advised the underwriters in connection with the offering of $2 billion aggregate principal amount of senior notes issued by Lockheed Martin Corporation. The notes were offered in three tranches maturing in 2029, 2034 and 2064. Lockheed Martin Corporation will use the net proceeds of the offering for general corporate purposes, including the repurchase of shares of its common stock pursuant to its share repurchase program.

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 122,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associate Fei Deng. The tax team included partner Lucy W. Farr and associate Michelle Zhao. The environmental team included counsel Michael Comstock. All members of the Davis Polk team are based in the New York office.