| | | | | | |
| | | 4.450% Notes due 2028 | | 4.750% Notes due 2034 | | 5.200% Notes due 2055 |
| | | | | | | |
Issuer: | | Lockheed Martin Corporation |
Security Type: | | Senior Unsecured |
Trade Date: | | May 23, 2023 |
Settlement Date (T+2): | | May 25, 2023 |
Interest Payment Dates: | | May 15 and November 15, beginning on November 15, 2023 | | February 15 and August 15, beginning on August 15, 2023 | | February 15 and August 15, beginning on August 15, 2023 |
Expected Ratings*: | | A3 / A- / A- |
Principal Amount: | | $500,000,000 | | $850,000,000 | | $650,000,000 |
Maturity: | | May 15, 2028 | | February 15, 2034 | | February 15, 2055 |
Coupon: | | 4.450% per annum, accruing from May 25, 2023 | | 4.750% per annum, accruing from May 25, 2023 | | 5.200% per annum, accruing from May 25, 2023 |
Price to Public: | | 99.820% of principal amount, plus accrued interest, if any, from May 25, 2023 | | 99.674% of principal amount, plus accrued interest, if any, from May 25, 2023 | | 99.240% of principal amount, plus accrued interest, if any, from May 25, 2023 |
Yield to Maturity: | | 4.491% | | 4.790% | | 5.250% |
Spread to Benchmark Treasury: | | +75 basis points | | +110 basis points | | +130 basis points |
Benchmark Treasury: | | 3.500% due
April 30, 2028 | | 3.375% due
May 15, 2033 | | 3.625% due
February 15, 2053 |
Benchmark Treasury Price and Yield: | | 98-29+ / 3.741% | | 97-12+ / 3.690% | | 94-11 / 3.950% |
Optional Redemption: | | Prior to April 15, 2028 (one month prior to the maturity date), callable at the greater of (a) the make-whole price of T+15 basis points and (b) 100% of the principal amount, plus accrued and unpaid interest to the redemption date Callable at par on or after April 15, 2028 | | Prior to November 15, 2033 (three months prior to the maturity date), callable at the greater of (a) the make-whole price of T+20 basis points and (b) 100% of the principal amount, plus accrued and unpaid interest to the redemption date Callable at par on or after November 15, 2033 | | Prior to August 15, 2054 (six months prior to the maturity date), callable at the greater of (a) the make-whole price of T+20 basis points and (b) 100% of the principal amount, plus accrued and unpaid interest to the redemption date Callable at par on or after August 15, 2054 |
CUSIP: | | 539830 BZ1 | | 539830 CA5 | | 539830 CB3 |
ISIN: | | US539830BZ19 | | US539830CA58 | | US539830CB32 |
Joint Book-Running Managers: | | | | Citigroup Global Markets Inc. Barclays Capital Inc. Credit Agricole Securities (USA) Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Mizuho Securities USA LLC SMBC Nikko Securities America, Inc. Wells Fargo Securities, LLC | | |
