The investment-grade notes are due 2032, 2053 and 2062

Davis Polk advised the underwriters in connection with the offering of $2.3 billion aggregate principal amount of senior notes issued by Lockheed Martin Corporation. The notes were offered in three tranches maturing in 2032, 2053 and 2062. Lockheed Martin Corporation will use the net proceeds of the offering to redeem various series of its outstanding notes.

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 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 Jennifer Ying Lan and associate Marisa Rametta. The tax team included counsel Tracy L. Matlock 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.