The company entered into Amendment No. 1 to Credit Agreement, which extends the maturity of its existing $3.0 billion Revolving Credit Agreement by 1 year, from August 24, 2028 to August 24, 2029. Lockheed Martin said the amendment was signed on August 23, 2024.

1. 01

   The company entered into Amendment No. 1 to Credit Agreement, which extends the maturity of its existing $3.0 billion Revolving Credit Agreement by 1 year, from August 24, 2028 to August 24, 2029. Lockheed Martin said the amendment was signed on August 23, 2024.

2. 02

   Lockheed Martin said the amendment removes the existing financial maintenance covenant in the credit agreement, which required the company to comply with a maximum leverage ratio of 65%. It said the other terms of the credit agreement remain in full force and effect, except as amended.

3. 03

   The company said it reached an agreement with the U.S. government's F-F-35 Joint Program Office on the acceptance and delivery of TR-3 enabled aircraft. The JPO will withhold a portion of final aircraft delivery payments until TR-3 combat capability is qualified and delivered.

4. 04

   The company said the substance of the TR-3 agreement is consistent with the expectations it had when it issued full-year 2024 guidance with its second-quarter earnings announcement. It also said it is making significant investments in development labs and digital infrastructure for the F-35 program.

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Original filing

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