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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) - March 9, 2000
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LOCKHEED MARTIN CORPORATION
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Maryland 1-11437 52-1893632
(State or other jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
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6801 Rockledge Drive, Bethesda, Maryland 20817
(Address of principal executive offices) (Zip Code)
(301) 897-6000
(Registrant's telephone number, including area code)
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Not Applicable
(Former name or address, if changed since last report)
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Item 5. Other Events
The Corporation is filing this Current Report on Form 8-K to provide the
information contained in the Corporation's press release, dated March 10, 2000,
which is included as Exhibit 99 to this Form. The press release reports that
Congressional legislation related to our proposed merger with COMSAT Corporation
has been passed. The legislation is one of the conditions to the completion of
the proposed merger of COMSAT and one of our subsidiaries.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
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99 Lockheed Martin Corporation Press Release dated March 10, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LOCKHEED MARTIN CORPORATION
/s/ Marian S. Block
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Marian S. Block
Vice President, Associate General
Counsel and Assistant Secretary
April 4, 2000
INDEX TO EXHIBITS
Exhibit No. Description
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99 Lockheed Martin Corporation Press Release dated March 10, 2000.
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Exhibit 99
l
For Immediate Release
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LOCKHEED MARTIN GLOBAL TELECOMMUNICATIONS STATEMENT
ON CONGRESSIONAL PASSAGE OF SATELLITE REFORM LEGISLATION
BETHESDA, Maryland, March 10, 2000 -- The following statement is attributable to
John V. Sponyoe, chief executive officer of Lockheed Martin Global
Telecommunications:
"Last night's action by the U.S. House of Representatives, coupled with last
week's Senate vote, provides an equitable solution to the long and complex task
of satellite reform legislation. Considerable credit is due congressional
leadership, the House/Senate conferees and particularly Chairmen Conrad Burns
and Tom Bliley, for their determination and success on this issue. Passage of
the legislation is most welcome news for Lockheed Martin Global
Telecommunications and our proposed merger with COMSAT Corporation. Following
signature by the President and final regulatory clearances, we would anticipate
consummating this transaction in early third-quarter 2000. We appreciate both
the fair manner in which Congress crafted this legislation and the confidence
Congress has placed in Lockheed Martin and COMSAT to create a strong, new U.S.
competitor in the global telecommunications marketplace. We will now work
extremely hard to ensure that implementation of this legislation provides for
fair treatment in the U.S. for INTELSAT, INMARSAT and New Skies."
(more)
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A wholly owned subsidiary of Lockheed Martin Corporation (NYSE: LMT), Lockheed
Martin Global Telecommunications provides space-based and terrestrial networks
and telecommunications services for corporate and government customers
worldwide.
NOTE: Statements that are not historical facts are forward-looking statements
made pursuant to the safe harbor provision of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
anticipated results, including the assumption that the combination is
consummated, the outcome and timing of regulatory and legislative actions,
developments concerning the business of COMSAT and the privatization of
INTELSAT, effects of government requirements, economic conditions, competitive
environment, timing of awards and contracts, the outcome of contingencies such
as litigation and environmental remediation, and program performance, in
addition to other factors not listed. The Corporations do not undertake any
obligation to publicly release any revisions to forward looking statements to
reflect events or circumstances or changes in expectations after the date of
this press release or the occurrence of anticipated events.
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CONTACT: Charles Manor, Lockheed Martin Global Telecommunications at
301/897-6258, or email: [email protected]
Visit us at www.lmgt.com
