Lockheed Martin to price three-tranche offering of notes

By Mary-Katherine Stinson

Lexington, Ky., May 23 – Lockheed Martin Corp. plans to price dollar-denominated fixed-rate notes in three tranches, according to a 424B5 filed with the Securities and Exchange Commission.

Each series of notes will have a make-whole call option until some months before maturity followed by a par call option.

Citigroup Global Markets Inc., Barclays and Credit Agricole Securities (USA) Inc. are the joint bookrunning managers for the offering.

U.S. Bank Trust Co., NA is the trustee.

Counsel to the issuer is provided by Hogan Lovells US LLP and to the underwriters by Davis Polk & Wardwell LLP.

Proceeds from the offering will be used for general corporate purposes.

The security and aerospace company is based in Bethesda, Md.

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