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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000928385-99-000120.txt : 19990120
<SEC-HEADER>0000928385-99-000120.hdr.sgml : 19990120
ACCESSION NUMBER:		0000928385-99-000120
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990114
ITEM INFORMATION:		
FILED AS OF DATE:		19990119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOCKHEED MARTIN CORP
		CENTRAL INDEX KEY:			0000936468
		STANDARD INDUSTRIAL CLASSIFICATION:	GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
		IRS NUMBER:				521893632
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-11437
		FILM NUMBER:		99508087

	BUSINESS ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DR
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
		BUSINESS PHONE:		3018976000

	MAIL ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DRIVE
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>LOCKHEED MARTIN
<TEXT>

<PAGE>
 
================================================================================



                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                               ________________


                                   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)  January 14, 1999


                                 ____________


                          LOCKHEED MARTIN CORPORATION

            (Exact name of registrant as specified in its charter)



           Maryland                        1-11437                52-1893632
(State or other jurisdiction of    (Commission File Number)     (IRS Employer
     Incorporation)                                          Identification No.)


6801 Rockledge Drive, Bethesda, Maryland                   20817
(Address of principal executive offices)                (Zip Code)



                                (301) 897-6000
             (Registrant's telephone number, including area code)


                                 ____________


                                Not Applicable
            (Former name or address, if changed since last report)


================================================================================
<PAGE>
 
Item 5.  Other Events

     On January 14, 1999, Mohammad Yousefi and David Kane, on behalf of
themselves and on behalf of purchasers of Lockheed Martin Corporation
("Corporation") Common Stock between August 13, 1998 and December 23, 1998,
filed a purported class action lawsuit against the Corporation and six of its
officers and directors (Vance Coffman, Marcus Bennett, James Blackwell, Thomas
Corcoran, Vincent Marafino and Norman Augustine). The complaint alleges that the
defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of
1934. The complaint further alleges that the statutory safe harbor provided for
forward-looking statements does not apply to any of the allegedly false forward-
looking statements contained in the Corporation's periodic reports. According to
the complaint, class members were damaged because, in reliance on the integrity
of the market, they paid artificially inflated prices for the Corporation's
Common Stock. Plaintiffs seek a judgment awarding (a) damages and costs; (b)
equitable or injunctive relief, including the imposition of a constructive trust
upon defendants' insider-trading proceeds; and (c) other just and proper relief.
The Corporation intends to vigorously defend against these claims.
<PAGE>
 
                                  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


                                    By: /s/ Marian S. Block
                                       ------------------------------------
                                       Marian S. Block
                                       Vice President, Associate General
                                       Counsel and Assistant Secretary



19 January 1999

                                                                                
                                                                                
</TEXT>
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