<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENT OF EARNINGS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                    5,009
<ALLOWANCES>                                         0
<INVENTORY>                                      3,144
<CURRENT-ASSETS>                                10,105
<PP&E>                                           8,644
<DEPRECIATION>                                   4,975
<TOTAL-ASSETS>                                  28,361
<CURRENT-LIABILITIES>                            9,189
<BONDS>                                         10,528
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           194
<OTHER-SE>                                       4,982
<TOTAL-LIABILITY-AND-EQUITY>                    28,361
<SALES>                                         28,069
<TOTAL-REVENUES>                                28,069
<CGS>                                           25,772
<TOTAL-COSTS>                                   25,772
<OTHER-EXPENSES>                                   482
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 842
<INCOME-PRETAX>                                  1,937
<INCOME-TAX>                                       637
<INCOME-CONTINUING>                              1,300
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,300
<EPS-PRIMARY>                                    (3.12)<F1>
<EPS-DILUTED>                                    (2.46)<F1>
<FN>
<F1>See "Note 6 -- Earnings Per Share" on page 35 of the 1997 Annual Report
incorporated by reference in Lockheed Martin's Annual Report on Form 10-K for
the year ended December 31, 1997.
</FN>