Lockheed Martin 2013 Annual Report Download - page 17

with various unions. A number of our existing collective bargaining agreements expire in any given year. Historically, we
have been successful in negotiating renewals to expiring agreements without any material disruption of operating activities.
Management considers employee relations to be good.
Available Information
We are a Maryland corporation and were formed in 1995 by combining the businesses of Lockheed Corporation and
Martin Marietta Corporation. Our principal executive offices are located at 6801 Rockledge Drive, Bethesda, Maryland
20817. Our telephone number is [phone] and our website home page on the Internet is www.lockheedmartin.com.
We make our website content available for information purposes only. It should not be relied upon for investment purposes,
nor is it incorporated by reference into this Annual Report on Form 10-K (Form 10-K).
Throughout this Form 10-K, we incorporate by reference information from parts of other documents filed with the U.S.
Securities and Exchange Commission (SEC). The SEC allows us to disclose important information by referring to it in this
manner, and you should review that information.
Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements for
our annual stockholders’ meetings, and amendments to those reports are available free of charge on our website,
www.lockheedmartin.com/investor, as soon as reasonably practical after we electronically file the material with, or furnish it
to the SEC. In addition, copies of our annual report will be made available, free of charge, upon written request. The SEC
also maintains a website at www.sec.gov that contains reports, proxy statements, and other information regarding SEC
registrants, including Lockheed Martin Corporation.
Forward-Looking Statements
This Form 10-K contains statements which, to the extent that they are not recitations of historical fact, constitute
forward-looking statements within the meaning of the federal securities laws, and are based on our current expectations and
assumptions. The words “believe,” “estimate,” “anticipate,” “project,” “intend,” “expect,” “plan,” “outlook,” “scheduled,”
“forecast,” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees
of future performance and are subject to risks and uncertainties.
Statements and assumptions with respect to future sales, income and cash flows, program performance, the outcome of
litigation, environmental remediation cost estimates, and planned acquisitions or dispositions of assets are examples of
forward-looking statements. Numerous factors, including potentially the risk factors described in the following section, could
affect our forward-looking statements and actual performance.
Our actual financial results likely will be different from those projected due to the inherent nature of projections. Given
these uncertainties, the forward-looking statements should not be relied on in making investment decisions. The forward-
looking statements contained in this Form 10-K speak only as of the date of its filing. Except where required by applicable
law, we expressly disclaim a duty to provide updates to forward-looking statements after the date of this Form 10-K to reflect
subsequent events, changed circumstances, changes in expectations, or the estimates and assumptions associated with them.
The forward-looking statements in this Form 10-K are intended to be subject to the safe harbor protection provided by the
federal securities laws.
ITEM 1A. Risk Factors.
An investment in our common stock or debt securities involves risks and uncertainties. We seek to identify, manage, and
mitigate risks to our business, but risk and uncertainty cannot be eliminated or necessarily predicted. You should carefully
consider the following factors, in addition to the other information contained in this Annual Report on Form 10-K, before
deciding to purchase our common stock or debt securities.
We depend heavily on contracts with the U.S. Government.
We derived 82% of our consolidated net sales from the U.S. Government in 2013, including 61% from the Department
of Defense (DoD). We expect to continue to derive most of our sales from work performed under U.S. Government
contracts. Those contracts are conditioned upon the continuing availability of Congressional appropriations. Congress usually
appropriates funds on a fiscal-year basis even though contract performance may extend over many years. Consequently,
contracts are often partially funded initially and additional funds are committed only as Congress makes further
appropriations. If we incur costs in excess of funds obligated on a contract, we may be at risk for reimbursement of those
costs unless and until additional funds are obligated to the contract.
9