What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to notify the Securities and Exchange Commission (SEC) and the public about routine amendments to Lockheed Martin's internal policies regarding international consultants and Foreign Corrupt Practices Act (FCPA) compliance. These changes are procedural and intended to ensure ongoing adherence to legal and ethical standards.

Why is Lockheed Martin filing this 8-K for policy changes?

Lockheed Martin is filing this 8-K due to a 1976 consent order with the SEC, which requires the company to provide at least 10 days' notice via an 8-K filing before any amendments to its FCPA compliance policies become effective. This is a long-standing procedural requirement.

Do these policy amendments indicate any new issues or risks for the company?

Based on the filing, these amendments appear to be routine procedural updates to existing policies. They do not suggest any new issues, risks, or specific events that would negatively impact the company. Instead, they reflect a proactive approach to maintaining compliance with regulations like the FCPA.

What are the specific policy changes being made?

The filing mentions amendments to CPS-704 (International Consultants) and CPS-730 (Compliance with the Foreign Corrupt Practices Act). While the exact details of the amendments are in the provided exhibits, the filing states they are routine updates to internal procedures for FCPA compliance.

LMT 8-K SEC Disclosure — Apr 27, 2007

Summary

Lockheed Martin Corporation (LMT) filed an 8-K on April 27, 2007, to report routine amendments to two internal corporate policy statements: CPS-704 concerning international consultants and CPS-730 regarding Foreign Corrupt Practices Act (FCPA) compliance. These amendments, effective May 7, 2007, are a procedural update to ensure continued adherence to evolving compliance requirements. This filing is made in accordance with a 1976 consent order with the SEC, requiring LMT to provide advance notice of any changes to its FCPA compliance policies. Investors should note that this is a proactive regulatory compliance measure and does not appear to signal any specific new business developments or issues. The company has included the amended policy statements as exhibits to this filing for transparency.

Key Highlights

1Routine amendment of internal corporate policy statements (CPS-704 and CPS-730) related to international consultants and FCPA compliance.
2Amendments are effective as of May 7, 2007.
3The filing is a procedural update to ensure ongoing compliance with the Foreign Corrupt Practices Act (FCPA).
4This action is taken in accordance with a 1976 SEC consent order requiring advance notification of FCPA policy changes.
5Amended policy statements CPS-704 and CPS-730 are provided as exhibits to the filing.
6This is not indicative of any new business developments or adverse events, but rather a proactive compliance measure.

LOCKHEED MARTIN CORP 8-K Report, Corporate Update (Apr 27, 2007)

Summary

Key Highlights

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