---
schema_version: "secwatch.filing_event.v1"
accession: "0000936468-25-000057"
form_type: "8-K"
ticker: "LMT"
cik: "0000936468"
company_name: "LOCKHEED MARTIN CORP"
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:51:07.216586+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lockheed Martin transfers $900M pension obligations; expects $480M non-cash settlement charge

## Summary
- Executed buy-out conversions of group annuity contracts, transferring ~$900M of gross pension obligations to insurers for ~9,000 U.S. retirees.
- Expects non-cash, non-operating pretax settlement charge of ~$480M in Q4 2025, not included in prior 2025 financial outlook.
- No additional costs or funding contributions required from Lockheed Martin; benefit payments unchanged in nature, amount, or timing.
- Insurance companies legally assumed pension obligations and will begin paying and administering benefits for covered retirees and beneficiaries.
- Charge reflects accelerated recognition of actuarial losses for the affected plan that were included in stockholders’ equity.

## SEC filing metadata
- accession: 0000936468-25-000057
- form_type: 8-K
- ticker: LMT
- cik: 0000936468
- company_name: LOCKHEED MARTIN CORP
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936468/000093646825000057/0000936468-25-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936468/000093646825000057/lmt-20251218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936468-25-000057
- JSON: https://secwatch.observer/filing/0000936468-25-000057.json
- Plain text: https://secwatch.observer/filing/0000936468-25-000057.txt

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