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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported)--June 9, 1999
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LOCKHEED MARTIN CORPORATION
(Exact name of registrant as specified in its charter)
Maryland 1-11437 52-1893632
(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
6801 Rockledge Drive, Bethesda, Maryland 20817
(Address of principal executive offices) (Zip Code)
(301) 897-6000
(Registrant's telephone number, including area code)
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Not Applicable
(Former name or address, if changed since last report)
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Item 5. Other Events
The Corporation is filing this Current Report on Form 8-K to provide the
information contained in the Corporation's press release regarding its expected
financial performance for the second quarter of fiscal 1999 and subsequent
periods, dated June 9, 1999, which is included as Exhibit 99 to this Form.
The Corporation's press release contains statements that are considered
forward-looking statements under the federal securities laws, including the
Private Securities Litigation Reform Act of 1995, including the statements
relating to projected future financial performance. Sometimes these statements
will contain words such as "believes," "expects," "intends," "plans" and other
similar words. These statements are not guarantees of our future performance and
are subject to risks, uncertainties and other important factors that could cause
our actual performance or achievements to be materially different from those we
may project.
As for the forward-looking statements that relate to future financial
results and other projections, actual results will be different due to the
inherent nature of projections and may be better or worse than projected. Given
these uncertainties, you should not place any reliance on these forward-looking
statements. These forward-looking statements also represent our estimates and
assumptions only as of the date that they were made. We expressly disclaim a
duty to provide updates to these forward-looking statements, and the estimates
and assumptions associated with them, after the date of this press release to
reflect events or circumstances or changes in expectations or the occurrence of
anticipated events.
In addition, the forward-looking statements that relate to future financial
results and other projections are not financial statements, are not audited nor
are they prepared in accordance with generally accepted accounting principles.
As noted in note 1 to the press release, the forward-looking statements that
relate to future financial results and other projections exclude nonrecurring
and unusual items as defined by the Corporation. For the first quarter of 1999,
the combined effect of two nonrecurring and unusual items was a reduction to
diluted earnings per share of $0.74. If nonrecurring and unusual items were
included in the forward-looking statements in the press release, the future
financial results and other projections which relate to the first quarter of
1999 would be reduced accordingly. The future financial results and other
projections that relate to other periods of time may be positively or negatively
affected by nonrecurring and unusual items.
In addition to the factors set forth in our other filings with the
Securities and Exchange Commission (www.sec.gov), the following factors could
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affect the forward-looking statements: continued difficulties during space
launches or adverse actions resulting from space industry reviews by the U.S.
military or the Clinton Administration; the timely resolution of the quota
restriction on Proton launches depends on factors outside our control; continued
difficulties with cost growth and performance issues relating to the C-130J
program; the ability for Space Imaging to timely or successfully launch its
second satellite; the ability to achieve or quantify
savings for our customers or ourselves in our global cost-cutting program; the
ability to obtain or the timing of obtaining future government awards, the
availability of government funding and customer requirements, economic
conditions, competitive environment, timing of awards and contracts; timing of
product delivery and launches, customer acceptance and the outcome of
contingencies including completion of acquisitions and divestitures, litigation
and environmental remediation, Year 2000 remediation, program performance, the
ability to consummate the COMSAT transaction. These are only some of the
numerous factors which will affect the forward-looking statements in this press
release, many of which are difficult to predict.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
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99 Lockheed Martin Corporation Press Release dated June 9, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LOCKHEED MARTIN CORPORATION
/s/ Marian S. Block
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Marian S. Block
Vice President, Associate General
Counsel and Assistant Secretary
June 9, 1999
INDEX TO EXHIBITS
Exhibit No. Description
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99 Lockheed Martin Corporation Press Release dated June 9, 1999.