---
schema_version: "secwatch.filing_event.v1"
accession: "0000936468-22-000084"
form_type: "8-K"
ticker: "LMT"
cik: "0000936468"
company_name: "LOCKHEED MARTIN CORP"
filed_at: "2022-06-27T23:59:59+00:00"
generated_at: "2026-06-24T23:09:47.692603+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lockheed transfers $4.3B pension obligations to Athene; expects $1.5B settlement charge

## Summary
- Lockheed transferred ~$4.3B in pension obligations and assets to Athene for ~13,600 retirees.
- No additional funding was required; retiree benefits remain unchanged.
- Expects non-cash settlement charge of ~$1.5B ($1.2B after-tax, $4.50/sh) in Q2 2022.
- Prior 2022 outlook excluded the charge; updated outlook will accompany Q2 earnings release.
- Athene will begin paying and administering benefits on Jan. 1, 2023.

## SEC filing metadata
- accession: 0000936468-22-000084
- form_type: 8-K
- ticker: LMT
- cik: 0000936468
- company_name: LOCKHEED MARTIN CORP
- filed_at: 2022-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936468/000093646822000084/0000936468-22-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936468/000093646822000084/lmt-20220624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936468-22-000084
- JSON: https://secwatch.observer/filing/0000936468-22-000084.json
- Plain text: https://secwatch.observer/filing/0000936468-22-000084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.