Lockheed Martin Corp., founded in 1912 and headquartered in Bethesda, Maryland, is a global aerospace, defense, and security company. Its primary purpose is to provide advanced technology solutions for government and commercial customers, specializing in areas such as military aircraft, missile defense, space exploration, and cybersecurity. The company is known for iconic products like the F-35 Lightning II and the Orion spacecraft.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Lockheed Martin first began issuing bonds in 1996, and over the years has made significant debt offerings to finance various corporate initiatives. Notable issuances include a $1 billion bond in 2020 to enhance liquidity amid the pandemic, with yields averaging around 2.5%, competitive within the defense industry. Recently, Lockheed Martin's bonds have featured favorable terms such as low coupon rates and attractive maturity timelines, with some bonds receiving upgrades in credit ratings due to strong operational performance.