A Dark Vector Cognition product

Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 25, 2022

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission file number: 1-11437

LOCKHEED MARTIN CORPORATION

(Exact name of registrant as specified in its charter)

Maryland52-1893632
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
6801 Rockledge Drive,Bethesda,Maryland20817
(Address of principal executive offices)(Zip Code)

(301) 897-6000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $1 par valueLMTNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non–accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b–2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer ☐ Non–accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

There were 262,073,963 shares of our common stock, $1 par value per share, outstanding as of October 14, 2022.

Lockheed Martin Corporation

Form 10-Q

For the Quarterly Period Ended September 25, 2022

Table of Contents

Page
PART I. FINANCIAL INFORMATION
ITEM 1.Financial Statements (Unaudited)
Consolidated Statements of Earnings for the Quarters and Nine Months Ended September 25, 2022 and September 26, 20213
Consolidated Statements of Comprehensive Income for the Quarters and Nine Months Ended September 25, 2022 and September 26, 20214
Consolidated Balance Sheets as of September 25, 2022 and December 31, 20215
Consolidated Statements of Cash Flows for the Nine Months Ended September 25, 2022 and September 26, 20216
Consolidated Statements of Equity for the Quarters Ended September 25, 2022 and September 26, 20217
Consolidated Statements of Equity for the Nine Months Ended September 25, 2022 and September 26, 20218
Notes to Consolidated Financial Statements9
Report of Independent Registered Public Accounting Firm27
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations28
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk46
ITEM 4.Controls and Procedures46
PART II. OTHER INFORMATION
ITEM 1.Legal Proceedings48
ITEM 1A.Risk Factors48
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds50
ITEM 6.Exhibits51
SIGNATURE52

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements