Summary of LOCKHEED MARTIN CORP

Results of Operations and Financial Condition, Financial Statements and Exhi

Item 2.02. Results of Operations and Financial Condition.

On October 20, 2009 Lockheed Martin Corporation announced its financial results for the quarter ended September 27, 2009. The press release is furnished as Exhibit 99.1 to this Form. Exhibit 99.1 shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 5.02. Election of Certain Officers.

On October 15, 2009, Lockheed Martin announced that its Board of Directors elected Christopher E. Kubasik to serve as President and Chief Operating Officer, effective January 1, 2010. Mr. Kubasik, 48, currently serves as Executive Vice President of Lockheed Martin's Electronic Systems business area. Prior to his appointment to that position in 2007, Mr. Kubasik served as the Corporation's Executive Vice President and Chief Financial Officer, responsible for financial strategies, processes and operations.

In the new organizational alignment, Mr. Kubasik will report to Robert J. Stevens, who will remain Chairman and Chief Executive Officer of the Corporation. Lockheed Martin's four business area Executive Vice Presidents, the Senior Vice President of Operations and Program Management, and the Chief Information Officer and Vice President of Enterprise Services will report to Mr. Kubasik. The remaining corporate staff functions will continue to report to Mr. Stevens.

The Corporation plans to name Mr. Kubasik's successor as Executive Vice President of Electronic Systems soon. A copy of the Corporation's press release announcing this change is furnished as Exhibit 99.2 to this report. Exhibit 99.2 shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.    Description
   99.1        Lockheed Martin Corporation Press Release dated October 20, 2009
               (earnings release for the quarter ended September 27, 2009).

   99.2        Press Release dated October 15, 2009, announcing election of
               Christopher E. Kubasik as President and Chief Operating Officer

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