Lockheed Martin Corporation $1.15 Billion Notes Offering
5/20/2020

Davis Polk advised the underwriters in connection with the offering of $1.15 billion aggregate principal amount of notes issued by Lockheed Martin Corporation. The notes were offered in two tranches maturing in 2030 and 2050. Lockheed will use the net proceeds of the offering to redeem a portion of the outstanding principal amount of its notes due in 2021 at their redemption price and repay a portion of the outstanding principal amount of its notes due in 2020 at or prior to their maturity.

Lockheed Martin Corporation is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick, counsel Drew Glover and associates Hugo Casella and Wendy Li. The tax team included counsel Alon Gurfinkel and associate Summer Xia. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Members of the Davis Polk team are based in the London, New York, Northern California and São Paulo offices.