8-KOther EventsExhibits & Filings

LOCKHEED MARTIN CORP 8-K Report, Corporate Update (Mar 26, 2007)

Filed March 26, 2007For Securities:LMT

Summary

This Form 8-K filing from Lockheed Martin Corporation (LMT) on March 26, 2007, primarily serves as a supplementary disclosure to their previously filed Annual Report on Form 10-K for the year ended December 31, 2006. The key information presented is the furnishing of financial statements (Consolidated Statement of Earnings, Balance Sheet, Cash Flows, and Stockholders' Equity) formatted in XBRL (Extensible Business Reporting Language). Investors should note that this filing is not intended to present new financial data but rather to offer the 2006 financial statements in a new, machine-readable format for testing purposes. Lockheed Martin explicitly advises investors to continue relying on the official, non-XBRL version of the 10-K filing for investment decisions, as the XBRL data itself is considered unaudited and not the definitive financial record for liability purposes under Section 18 of the Exchange Act.

Key Highlights

  • 1Lockheed Martin is furnishing financial statements from its 2006 10-K filing in XBRL format.
  • 2The XBRL data includes the Consolidated Statement of Earnings, Balance Sheet, Cash Flows, and Stockholders' Equity for the year ended December 31, 2006.
  • 3This filing is for testing XBRL format and technology, not to present new financial information.
  • 4Investors are advised to rely on the official, non-XBRL 10-K filing for investment decisions.
  • 5The XBRL-formatted financial information is explicitly stated as unaudited.
  • 6This filing is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry liability under that section.
  • 7The filing includes various XBRL-related documents such as instance documents, schema, and linkbase files.

Frequently Asked Questions

The main purpose of this Form 8-K is to furnish Lockheed Martin's 2006 annual financial statements, previously filed in its 10-K, in a new XBRL (Extensible Business Reporting Language) format for testing purposes. It's not to report new financial results but to experiment with the XBRL technology.

No, Lockheed Martin explicitly advises investors to continue relying on the official, non-XBRL version of their Form 10-K for investment decisions. The XBRL data is considered unaudited and is primarily for technology testing.

Stating the XBRL data is 'unaudited' means it hasn't undergone the same rigorous review as the official audited financial statements. Not being 'filed' under Section 18 means Lockheed Martin cannot be held legally liable under that specific section of the Exchange Act for the information contained within these XBRL documents, unlike the official filing.

The XBRL-formatted documents include the Consolidated Statement of Earnings, the Consolidated Balance Sheet, the Consolidated Statement of Cash Flows, and the Consolidated Statement of Stockholders' Equity, all pertaining to the fiscal year ended December 31, 2006.