Lockheed Martin said it completed the issuance and sale of a total of $2,000,000,000 in senior unsecured notes on January 29, 2024. The notes consist of 3 series maturing in 2029, 2034 and 2064.

1. 01

   Lockheed Martin said it completed the issuance and sale of a total of $2,000,000,000 in senior unsecured notes on January 29, 2024. The notes consist of 3 series maturing in 2029, 2034 and 2064.

2. 02

   The company said the notes consist of $650,000,000 of 4.500% Notes due 2029, $600,000,000 of 4.800% Notes due 2034, and $750,000,000 of 5.200% Notes due 2064.

3. 03

   The company said the 2029 Notes mature on February 15, 2029, the 2034 Notes mature on August 15, 2034, and the 2064 Notes mature on February 15, 2064. Interest is payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2024, and the company may redeem all or part of the notes at its option at any time.

4. 04

   The company said it intends to use the net proceeds from the notes for general corporate purposes, including repurchases of its common stock under its share repurchase program. The notes were sold in a public offering on January 25, 2024 under an underwriting agreement with Morgan Stanley & Co. LLC, Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc. as representatives of the underwriters.

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Original filing

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