X0306 4 2019-01-31 0000936468 LOCKHEED MARTIN CORP LMT 0001204586 BURRITT DAVID B 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 Phantom Stock Units 2019-01-31 4 A 0 535.0547 A Common Stock 535.0547 9153.1701 I Lockheed Martin Directors Equity Plan Phantom Stock Units Common Stock 6707.1829 6707.1829 I Lockheed Martin Directors Deferred Comp Plan The stock units convert on a 1-for-1 basis. In accordance with the Lockheed Martin Corporation Directors' Equity Plan, each non-employee director received an award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $289.69 per share and vest 50% on June 30 following the award date and 50% on December 31 following the award date or, if earlier, upon retirement, death, disability or change in control. Settlement in cash or stock (as elected by the director) will occur upon the Reporting Person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment begin on March 30 following vesting of the award. The information pertains to previously acquired stock units under the plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service. dbbfinal.txt David B. Burritt, by Kerri R. Morey, Attorney-in-fact 2019-02-04