Moody’s gives Lockheed Martin notes A3

Moody’s Investors Service said it assigned A3 ratings to Lockheed Martin Corp.’s new senior unsecured notes.

The company will use the proceeds to pre-fund upcoming debt maturities and for general corporate purposes.

“The A3 senior unsecured debt ratings reflect Moody’s expectation that Lockheed Martin will sustain its leading position in the global aerospace and defense industry and strong free cash flows for years to come,” Moody’s said in a press release.

The notes do not affect the company’s A3 senior unsecured or the stable outlook, Moody’s said.

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