Document:

Exhibit 10.30

 Exhibit 10.30 
 Award Date: January 29, 2007 
 FORM OF THE LOCKHEED MARTIN CORPORATION 
 LONG-TERM INCENTIVE PERFORMANCE AWARD AGREEMENT 
 (2007-2009 PERFORMANCE PERIOD) 
 MDC Committee Meeting: January 24, 2007 
 Lockheed Martin Corporation 
 6801 Rockledge Drive, Bethesda, MD 20817 
 Telephone 301-897-6000 
 THIS DOCUMENT CONSTITUTES PART OF
A PROSPECTUS COVERING 
 SECURITIES THAT HAVE BEEN REGISTERED UNDER THE 
 SECURITIES ACT OF 1933 
 [Date] 
 «Name» 
 «Street» 
 «City», «State» «Zip» 
  

	 	Re:	Lockheed Martin Corporation Amended and Restated 2003 

 Incentive Performance Award Plan: Long-Term Incentive 
 Performance Award (2007-2009 Performance Period)
 
 Dear «Call_By_Name»: 
 On behalf of the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of Lockheed Martin Corporation, I am pleased to announce that you have been granted a Long-Term Incentive Performance
Award under the Corporation’s Amended and Restated 2003 Incentive Performance Award Plan (the “Plan”). The purpose of this letter is to serve as the Award Agreement under such Plan and to set forth your Target Award as well as the
terms and conditions to the payment of your Target Award. Additional terms and conditions are set forth in the Plan and in the Prospectus relating to the Plan of which the Plan document and this Award Agreement are a part. The Prospectus is
available at http://www.etrade.com/stockplans. You should retain the Prospectus and the attached copy of the Plan in your records. 
 PLEASE NOTE THAT,
FOR THIS AWARD TO BE EFFECTIVE, YOU MUST PROMPTLY SIGN AND RETURN A COPY OF THIS AWARD AGREEMENT. 
 Capitalized terms used in this
letter which have a special meaning either shall be defined in this letter or if not defined in this letter, have the meaning ascribed to the term in the Plan. The term “Target Award” as used in this Award Agreement refers only to the
Target Award awarded to you under this Award Agreement and the term “Award” refers only to the Long Term Incentive Performance Award set forth in this Award Agreement. References to the “Corporation” include Lockheed Martin
Corporation and its 

  

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subsidiaries. Appendix A contains an index of all capitalized terms used in this Agreement. 
 Section 1. Target Award. Performance Period. 
 1.1 Target Award. Your Target Award for the Performance Period under this Award Agreement shall be [Target]. 
 1.2 Performance Period. The Performance Period under this Award Agreement is a three-year performance period that runs from January 1, 2007, until December 31, 2009. 
 1.3 Payment of Award. The amount payable to you under your Award is dependent upon the Corporation’s performance as compared to the internal
and external metrics described in this Award Agreement and your continued employment with the Corporation in accordance with Section 5 of this Agreement. As a result of these requirements, any payments you receive may be larger or smaller than
your Target Award (e.g., the performance factors could result in no payment in respect of your Award). 
 Section 2.
Calculation of Award Payments. 
 2.1 End of Performance Period Calculation. Following the end of the Performance Period and
prior to any payments being made, 
 (a) The Committee will calculate the External Performance Factor based on the Corporation’s
performance during the Performance Period relative to the performance of other corporations which compose the Standard & Poor’s Industrials Index reported under symbol S5INDU by Bloomberg, L.P. One-half of your Target Award will be
multiplied by the External Performance Factor, with the resulting dollar amount to be known as the External Performance Amount. 
 (b) The
Committee will also calculate the ROIC Performance Factor based on the Corporation’s ROIC during the Performance Period as compared to the projected ROIC for the Performance Period in the 2007 Long Range Plan as presented at the February 2007
Board meeting. One-quarter of your Target Award will be multiplied by the ROIC Performance Factor, with the resulting dollar amount to be known as the ROIC Performance Amount. 
 (c) The Committee will also calculate the Cash Flow Performance Factor based on the Corporation’s cumulative Cash Flow during the Performance Period
as compared to the projected cumulative Cash Flow in the 2007 Long Range Plan as presented at the February 2007 Board meeting. One-quarter of your Target Award will be multiplied by the Cash Flow Performance Factor, with the resulting dollar amount
to be known as the Cash Flow Performance Amount. 
  

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 (d) Your External Performance Amount, your ROIC Performance Amount, and your Cash Flow Performance Amount
will then be added together, with the sum of those three amounts known as your “Potential Award”. Assuming you satisfy the continued employment requirements set forth in Section 5 of this Award Agreement, one-half of your Potential
Award (the “Immediate Portion”) will be paid to you (or deferred to a later payment date specified at your election subject to the rules on deferrals set forth below) as soon as practicable after the Committee completes its calculations in
2010. 
 2.2 Two Year Deferral Period. The remaining one-half of your Potential Award (the “Deferred Portion”) will be
deferred and paid as soon as practicable in January 2012. 
 (a) Between December 31, 2009, and December 31, 2011, the Deferred
Portion will be treated as though it was invested by the Corporation on December 31, 2009, in the Corporation’s common stock and will be adjusted to reflect dividends, gains, and losses to reflect the performance of the Corporation’s
common stock, as further specified in Section 5.2(c)(2). 
 (b) Assuming you satisfy the continued employment requirements set forth in
Section 5.2(c) of this Award Agreement, the Deferred Portion (as adjusted) will be paid to you as soon as practicable in January 2012 (or deferred to a later payment date specified at your election subject to the rules on deferrals set forth
below). 
 You must (except as specified in Section 5) remain employed by the Corporation through December 31, 2009, to receive a payment of any
portion of your Award and through December 31, 2011, to receive payment of the Deferred Portion. 
 Section 3. External
Performance Factor. 
 3.1. External Performance Factor – Peer Performance Group. The External Performance Factor will be
based upon the Corporation’s relative ranking of its Total Stockholder Return (as defined in the Plan and assuming the reinvestment of any cash dividends) for the Performance Period to the Total Stockholder Return for such Period for the
corporations which compose the Standard & Poor’s Industrials Index as reported under symbol S5INDU by Bloomberg, L.P. (“Peer Performance Group”) at the beginning of the Performance Period. The Corporation shall be included as
a member of the Peer Performance Group. The Corporation’s Total Stockholder Return will be based on the performance of its common stock, par value $1.00. The Total Stockholder Return of each corporation that is taken into account in computing
the Peer Performance Group Total Stockholder Return will be based on the equity security of the relevant corporation that is used in computing the Standard & Poor’s Industrials Index. 
 3.2. Calculation of External Performance Factor. 
  

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 (a) Calculation of Total Stockholder Return. After the end of the Performance Period, the
Committee shall compute the Total Stockholder Return for the Corporation for such Period and shall compute and rank the Total Stockholder Return for each corporation in the Peer Performance Group. Each corporation’s Total Stockholder Return
shall be ranked among the Total Stockholder Return for each other corporation in the Peer Performance Group on a percentile basis. Each such Total Shareholder Return shall be computed from data available to the public. 
 (b) Percentage Level of Target Award. Your External Performance Factor, expressed as a percentage, will be determined under this
Section 3.2(b) (and 3.2(c) to the extent interpolation is necessary) based on the percentile ranking of the Corporation’s Total Stockholder Return for the Performance Period under the following chart – 
  

						
	 Band
	  	Percentile
Ranking	 	External
Performance
Factor	 
	One	  	75th or higher	 	200	%
	Two	  	60th	 	150	%
	Three	  	50th	 	100	%
	Four	  	40th	 	50	%
	Five	  	35th	 	25	%
	Six	  	Below 35th	 	0	%

 (c) External Performance Factor Interpolation. If the Corporation’s
Total Stockholder Return puts the Corporation over the listed Percentile Ranking for the applicable Band (other than Band One) in Section 3.2(b), your External Performance Factor under Section 3.2(b) shall be interpolated on a linear
basis. 
 Section 4. Internal Performance Factors. 
 4.1 ROIC Performance Factor. The ROIC Performance Factor will be determined by comparing the Corporation’s ROIC for the Performance Period to
ROIC as forecasted for the Performance Period in the Corporation’s 2007 Long Range Plan and then identifying the ROIC Performance Factor based upon the factor associated with the difference on the following table: 
  

				
	 Change from 2007 LRP ROIC
	  	ROIC
Performance
Factor	 
	 Plan + 40 or more basis points
	  	200	%
	 Plan + 30 basis points
	  	175	%
	 Plan + 20 basis points
	  	150	%
	 Plan + 10 basis points
	  	125	%
	 Plan
	  	100	%

  

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	Plan - 10 basis points	  	75	%
	Plan - 20 basis points	  	50	%
	Plan - 30 basis points	  	25	%
	Plan < - 40 basis points	  	0	%

  

	 	(a)	ROIC Definition. For purposes of this Award Agreement, “ROIC” means return on invested capital for the Performance Period calculated as (A) average annual
(i) net income plus (ii) interest expense times one minus the highest marginal federal corporate tax rate over the three year Performance period (“Return”), divided by (B) the average of the four year-end investment balances
(beginning with December 31, 2006 year-end balance) consisting of (i) debt (including current maturities of long-term debt) plus (ii) stockholders’ equity plus the postretirement plans amounts determined at year-end as included
in the Corporation’s Statement of Stockholder Equity. 

  

	 	(b)	ROIC Determination. Each component of ROIC and the calculation of any postretirement plans amounts recorded in the Corporation’s Statement of Stockholder Equity shall be
determined by the Committee in accordance with generally accepted accounting principles in the United States and be based upon the comparable numbers reported on the Corporation’s audited consolidated financial statements or, if audited
financial statements are not available for the date or period on which ROIC is being determined, the Committee shall make its determination in a manner consistent with the historical practices used by the Corporation in determining the components of
ROIC and postretirement plans amounts recorded in the Corporation’s Statement of Stockholder Equity for purposes of reporting those items on its audited financial statements, as modified by this paragraph. Notwithstanding the foregoing, ROIC
will be adjusted to exclude the impact of any change in accounting standards or adoption of any new accounting standards that is required under generally accepted accounting principals in the United States and that is reported in the
Corporation’s filings with the Securities and Exchange Commission as having a material effect on the Corporation’s consolidated financial statements. ROIC as included in the 2007 Long Range Plan and the change in ROIC for purposes of the
ROIC Performance Factor will be determined in accordance with this Section 4.1(b). 

 4.2 Cash Flow Performance
Factor. The Cash Flow Performance Factor will be determined by comparing the Corporation’s cumulative Cash Flow during the Performance Period to the projected cumulative Cash Flow of the Corporation as forecasted in the Corporation’s
2007 Long Range Plan. and then identifying the Cash Flow Performance Factor based upon the factor associated with the change from the 2007 Long Range Plan on the following table: 
  

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	 Change From 2007 LRP Cash Flow
	  	Cash Flow
Performance
Factor	 
	 Plan + $1B or more
	  	200	%
	 Plan + $ .75B
	  	175	%
	 Plan + $ .5B
	  	150	%
	 Plan + $ .25B
	  	125	%
	 Plan
	  	100	%
	 Plan - $ .25B
	  	75	%
	 Plan - $ .5B
	  	50	%
	 Plan - $1B
	  	25	%
	 Plan < -$1B
	  	0	%

  

	 	(a)	Cash Flow Defintion. For purposes of this Award Agreement, Cash Flow means net cash flow from operations but not taking into account: (i) the aggregate difference
between the amount forecasted in the Corporation’s 2007 Long Range Plan to be contributed by the Corporation to the Corporation’s defined benefit pension plans during the Performance Period and the actual amounts contributed by the
Corporation during the Performance Period; (ii) any tax payments or benefits during the Performance Period associated with the divestiture of business units. 

  

	 	(b)	Cash Flow Determination. Cash Flow shall be determined by the Committee based upon the comparable numbers reported on the Corporation’s audited consolidated financial
statements or, if audited financial statements are not available for the period for which Cash Flow is being determined, the Committee shall determine Cash Flow in a manner consistent with the historical practices used by the Corporation in
determining net cash provided by operating activities as reported in its audited consolidated statement of cash flows, in either case as modified by this paragraph. 

 4.3 Interpolation of ROIC and Cash Flow Metrics. If the change in ROIC or Cash Flow falls between two numbers listed in the applicable table in
section 4.1 or 4.2, the appropriate factor will be interpolated on a linear basis. Notwithstanding the foregoing, the ROIC Performance Factor will be always be zero if the ROIC for the Performance Period is less than ROIC forecasted for the
Performance Period in the 2007 Long Range Plan by 40 basis points or more and the Cash Flow Performance Factor will always be zero if the aggregate Cash Flow for the Performance Period is less than what was forecased for the Performance Period in
the 2007 Long Range Plan by more than $1 billion. 
  

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 Section 5. Payment of Award: Potential Award, Mandatory Portion 
 5.1. Employment Requirement. 
 (a)
General Rule. In order to be eligible to receive payment of any portion of your Potential Award as determined under Section 2.1(c), you must remain actively employed by the Corporation through the last day of the Performance Period. If
your employment as an Employee terminates during the Performance Period, you shall forfeit your right to receive all or any part of your Potential Award. 
 (b) Exceptions. Notwithstanding Section 5.1(a), if the Committee determines 
 (1) that your
employment as an Employee terminated as a result of your death, “Divestiture”, “Disability” or “Retirement” or 
 (2) that the Corporation terminated your employment involuntarily as a result of a layoff, 
 you shall retain a fraction of your
Potential Award. The numerator of such fraction shall equal the number of days in the Performance Period before your employment as an Employee terminated, and the denominator shall equal the total number of days in the Performance Period. The
Committee shall have complete and absolute discretion to make the determinations called for under this Section 5.1(b), and all such determinations shall be binding on you and on any person who claims all or any part of your Potential Award on
your behalf as well as on the Corporation. 
 (c) Special Definitions. For purposes of this Award Agreement: 
 (1) Your employment as an Employee shall be treated as terminating because of a Disability on the date you become eligible for a benefit under the
Corporation’s long-term disability plan in which you participate, or if you are not enrolled in a long-term disability plan, the date on which long-term disability benefits would commence under the plan under which you would have been covered,
had you enrolled; 
 (2) Your employment as an Employee shall be treated as terminating as a result of Divestiture if the Corporation divests
all or substantially all of a business operation of the Corporation and such divestiture results in the termination of your employment with the Corporation and a transfer of such employment to the other party in the divestiture. A divestiture shall
mean a transaction which results in the transfer of control of the business operation to any person, corporation, association, partnership, joint venture, limited liability company or 

  

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other business entity of which less than 50% of the voting stock or other equity interests are owned or controlled by the Corporation; and 
 (3) Your employment as an Employee shall be treated as terminating because of Retirement if (a) you participate in a defined benefit pension plan
maintained by the Corporation, and your employment terminates on or after the date on which you satisfy the plan’s age and service requirements for commencing receipt of an early retirement benefit under the plan or (b) you do not
participate in a defined benefit pension plan maintained by the Corporation, and your employment terminates after you reach age 55 and have completed five years of service. 
 5.2. Payment Rules. 
 (a) General
Rule. If you are eligible to receive your Potential Award under Section 5.1(a), the Immediate Portion of your Potential Award shall be fully vested and shall be either paid in cash to you or deferred in accordance with Section 5.2(e).
The Deferred Portion of your Potential Award shall remain subject to forfeiture and shall be governed by the provisions of Section 5.2(c). 
 (b) Immediate Portion. Subject to section 5.2(e), you shall have the right to receive the Immediate Portion of your Potential Award currently in cash as soon as practicable after the date on which the Committee certifies in writing
(for purposes of Section 162(m) of the Code) that your Target Award has become a Potential Award for the Performance Period, but in no event later than the March 15 next following the end of the Performance Period. 
 (c) Deferred Portion Subject to Forfeiture. 
 (1) Deferral and Forfeiture. If you are eligible to receive your Potential Award under Section 5.1(a), the payment of the Deferred Portion of your Potential Award shall be deferred through December 31, 2011, and paid as
specified below. You shall forfeit your right to the payment of the Deferred Portion of your Potential Award if you do not remain actively employed by the Corporation through December 31, 2011. 
 (2) Phantom Stock Account. The Committee shall establish a bookkeeping account (a “Phantom Stock Account”) on your behalf under this
Section 5.2(c)(2) and shall credit such account with a number of units equal to the number of whole shares (and any fractional share) of the Corporation’s common stock which could have been purchased by the Deferred Portion of your
Potential Award described in Section 5.2(c)(1) based on the closing price for a share of the Corporation’s common stock as reported on the New York Stock 

  

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Exchange for the last trading day of the Performance Period, subject to the Committee’s certification in writing (for purposes of Section 162(m) of
the Code) that your Target Award has become a Potential Award for the Performance Period. Thereafter the Committee shall make such credits or debits to the units previously credited to such account as the Committee deems appropriate in light of any
transaction described in Section 7(a) of the Plan (such as a stock split or stock dividend) or any cash dividends paid on the Corporation’s common stock, which dividends shall increase the number of units credited to such account as if
such dividends had been reinvested in the Corporation’s common stock at the closing price of a share of the Corporation’s common stock as reported on The New York Stock Exchange for the last trading day of the quarter in which such
dividend is declared by the Board of Directors. 
 (3) Payment. Unless you forfeit your right to the Deferred Portion of your Potential
Award described in this Section 5.2(c), you shall have the right to receive the payment of the value of your Phantom Stock Account as determined as of December 31, 2011, as soon as practicable after December 31, 2011, but in no event
later than March 15, 2012 (subject to section 5.2(e)). The amount payable under this Section 5.2(c) shall be determined by multiplying the number of units representing shares of phantom stock credited to your account under
Section 5.2(c)(2) by the closing price for a share of the Corporation’s common stock as reported on the New York Stock Exchange for December 31, 2011, or, if it is not a trading day, on the last trading day before December 31,
2011. 
 (4) Special Payment Rule For Certain Terminated Employees. Notwithstanding Section 5.2(c)(1), if your employment
terminates after the close of the Performance Period but prior to December 31, 2011, and the Committee determines that your employment terminated under circumstances described in Sections 5.1(b)(1) or (2), then the Deferred Portion of your
Potential Award described in this Section 5.2(c) shall be paid to you or, in the event of your death, to your designated beneficiary, in cash as soon as practicable following your termination of employment, but in no event later than
March 15 of the year following your termination of employment(subject to Section 5.2(e)). The amount payable under this Section 5.2(c)(4) shall be determined by multiplying the number of units representing shares of phantom stock
credited to your account under Section 5.2(c)(2) on the date your termination becomes effective by the closing price for a share of the Corporation’s common stock as reported on the New York Stock Exchange for the date on which your
termination becomes effective, or if it is not a trading day, on the last trading day before that date. In the event of your death and you do not have a properly 

  

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completed beneficiary designation form on file with the Office of the Corporate Secretary, your payment will be made to your estate. 
 (5) No Shareholder Rights. Units credited to your Phantom Stock Account are bookkeeping entries only and do not entitle you to any shares of the
Corporation’s common stock or to any voting or other rights associated with shares of such stock. 
 (d) Special Rule. If you
terminate employment during the Performance Period but are eligible to receive a portion of your Potential Award as a result of an exception under Section 5.1(b), payment of such portion of your Potential Award shall be in full satisfaction of
all rights you have under this Award Agreement; in such circumstances, you will not be eligible for a payment of the Deferred Portion under Section 5.2(c) and no other amounts will be payable to you or on your behalf. The portion of your
Potential Award payable to you following a termination of employment during the Performance Period under circumstances described in Section 5.1(b) shall be paid to you or, in the event of your death, to your designated beneficiary for the
Award, in cash as soon as practicable after the Committee certifies in writing (for purposes of Section 162(m) of the Code) that your Target Award has become a Potential Award for the Performance Period, but in no event later than
March 15, 2009 (subject to section 5.2(e)). In the event of your death and you do not have a properly completed beneficiary designation form on file with the Office of the Corporate Secretary, your payment will be made to your estate.

 (e) Further Deferral. You will be given an opportunity to elect to defer any amounts payable under Sections 5.2(b) and 5.2(d) of
this Award Agreement and to further defer any amounts payable under Section 5.2(c)(3). Such election shall be irrevocable, shall be made in accordance with the terms of the Lockheed Martin Corporation Deferred Management Incentive Compensation
Plan and the requirements of Code section 409A, and shall be subject to such additional terms and conditions as are set by the Committee. A deferral election form and the terms and conditions for any deferral will be furnished to you in due course.

 5.3. Cutback. Any payment called for under Section 5.2(b) will be reduced to the extent that such payment together with
payments attributable to any other Cash-Based Awards that are granted during 2007 as Performance Based Awards exceeds $5,000,000 and, further, any credit of phantom shares called for under Section 5.2(c)(2) shall be reduced to the extent that
the number of phantom shares credited to you together with the number of shares of Stock and Share Units in respect of Share-Based Awards that are granted to you during 2007 as Performance Based Awards exceeds 1,000,000. To the extent that any
payment called for under Section 5.2(b) would exceed the $5,000,000 limit and therefore must be reduced, the amount in excess of $5,000,000, shall be deferred and credited as phantom shares under Section 5.2(c)(2) unless such crediting
would result in the crediting of phantom shares that would otherwise be prohibited by this Section 5.3. To the extent that any crediting called for under Section 5.2(c)(2) would 

  

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exceed the 1,000,000 limit and therefore must be reduced, the units in excess of 1,000,000, shall not be credited and shall instead be paid in cash under
Section 5.2(b) unless such payment would result in a payment that would otherwise be prohibited by this Section 5.3. 
 5.4.
Withholding. Any payment made in respect of your Award will be subject to income tax withholding at the minimum rate prescribed by law. You may owe taxes in addition to the amount withheld and may request that tax be withheld from any payment
at a greater rate. In addition, FICA tax will be withheld, as required under the law, when any portion of an award becomes vested for tax purposes prior to payment and shall reduce the amount of such Award. If prior to payment of the Immediate
Portion, you become eligible for retirement, then any FICA tax due on your Deferred Portion will be withheld from the Immediate Portion. If you become retirement eligible following payment of the Immediate Portion, then FICA taxes will be withheld
from your Deferred Portion. 
 Section 6. No Assignment – General Creditor Status. 
 You shall have no right to assign any interest you might have in all or any part of the Target Award or Potential Award which has been granted to you
under this Award Agreement and any attempt to do so shall be null and void and shall have no force or effect whatsoever. Furthermore, all payments called for under this Award Agreement shall be made in cash from the Corporation’s general
assets, and your right to payment from the Corporation’s general assets shall be the same as the right of a general and unsecured creditor of the Corporation. 
 Section 7. Plan. 
 This Award Agreement shall be subject to all of the terms and
conditions set forth in the Plan. 
 Section 8. Change in Control.  
 8.1. Change in Control During Performance Period. If during the Performance Period, a Change in Control (as defined in Section 7 of the Plan)
occurs, the Performance Period will terminate. Notwithstanding any deferral election or term of this Award Agreement to the contrary, a pro rata portion of your Award will be paid to you within 15 days of the Change in Control. The prorated portion
will be the sum of (i) the result obtained by first multiplying your Target Award by the External Performance Factor calculated under Section 3.2(b), but determined as of the last day of the year immediately preceding the Change in
Control, and then further multiplying that product by a fraction, the numerator of which is the number of whole calendar years of the Performance Period that were completed prior to the Change in Control and the denominator of which is three; and
(ii) the product of your Target Award and a fraction, the numerator of which is the number of days preceding the Change in Control that occur in the calendar year in which the Change in Control occurs and the denominator of which is 1095.

  

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 8.2. Change in Control After Performance Period. If a Change in Control occurs after the end of
the Performance Period but before December 31, 2011, notwithstanding any deferral election or term of this Award Agreement to the contrary, the Deferred Portion of your Potential Award described in Section 5.2(c) will be paid to you within
15 days of the Change in Control. The amount payable shall be determined by multiplying the number of units representing shares of phantom stock credited to your account under Section 5.2(c)(2) by the closing price for a share of the
Corporation’s common stock as reported on the New York Stock Exchange for the date on which the Change in Control occurs, or if it is not a trading day, on the last trading day before that date. 
 8.3. Special Rule. Notwithstanding Section 8.1 or Section 8.2, if a payment in accordance with those provisions would result in a
nonexempt short-swing transaction under Section 16(b) of the Securities Exchange Act of 1934, then the date of distribution to you shall be delayed until the earliest date upon which the distribution either would not result in a nonexempt
short-swing transaction or would otherwise not result in liability under Section 16(b) of the Securities Exchange Act of 1934. 
 Section 9. Amendment and Termination. 
 As provided in Section 9 of the Plan, the Board of Directors may at
any time amend, suspend or discontinue the Plan and the Committee may at any time amend this Award Agreement. Notwithstanding the foregoing, no such action by the Board of Directors or the Committee shall amend Sections 1, 2, 3, 4, or 5 in a manner
adverse to you or reduce the amount payable hereunder in a material manner without your written consent. For this purpose, a change in the amount payable hereunder that occurs solely by reason of a change in the date or form of payment shall in no
case be treated as a reduction prohibited by this Section 9. Thus, for example, if an amount payable by reason of Section 8 is delayed by an amendment to this Award Agreement or other action undertaken to comply with Section 409A of
the Internal Revenue Code and the amount payable is reduced solely by reason of a corresponding delay in the date of valuation of a share of the Corporation’s common stock, such a change shall not be treated as a reduction prohibited by this
Section 9. This Section 9 shall be construed and applied so as to permit the Committee to amend this Award Agreement at any time in any manner reasonably necessary or appropriate in order to comply with the requirements of Code section
409A, including amendments regarding the timing and form of payments hereunder. 
 Section 10. No Right to an Award.

 Your status as an Employee shall not be construed as a commitment that any one or more awards shall be made under the Plan to you or to
Employees generally. Your status as a Participant shall not entitle you to any additional award. 
  

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 Section 11. No Assurance of Employment. 
 Nothing contained in the Plan or in this Award Agreement shall confer upon you any right to continue in the employ or other service of the Corporation or
constitute any contract (of employment or otherwise) or limit in any way the right of the Corporation to change your compensation or other benefits or to terminate your employment with or without cause. 
 Section 12. Conflict. 
 In
the event of a conflict between this Award Agreement and the Plan, the Plan document shall control. 
 Section 13. Compliance with
Section 409A of the Internal Revenue Code. 
 13.1. General Rule. Notwithstanding any other provision of this Award
Agreement to the contrary, to the extent that this Award Agreement constitutes a nonqualified deferred compensation plan to which Code section 409A applies, payments under this Award Agreement shall be made at a time and in a manner that satisfies
the requirements of Code section 409A and guidance of general applicability issued thereunder, including the provisions of 409A(a)(2)(B) to the extent distributions to any employee are required to be delayed six months. 
 13.2. Means of Satisfying Code Section 409A. If any payment that would otherwise be made under this Award Agreement is required to be delayed
by reason of Section 13.1, such payment shall be made at the earliest date permitted by Code section 409A. The amount of any delayed payment shall be the amount that would have paid prior to the delay adjusted to include interest from the
original payment date to the actual payment date, compounded monthly, at a rate equivalent to the then published rate for computing the present value of future benefits at the time cost is assignable under Cost Accounting Standard 415, Deferred
Compensation, as determined by the Secretary of the Treasury on a semi-annual basis pursuant to Pub. L. 92-41, 85 Stat. 97. 
 Section 14. Execution. 
 You must execute one copy of this Award Agreement and return it to the Office of the
Vice President of Compensation and Benefits (Mail Point 123) as soon as possible as a condition to the Award becoming effective. Your execution of this Award Agreement constitutes your consent to and acceptance of any action taken under the Plan
consistent with its terms with respect to your Award. In order for this Award to be effective, you must execute and return this Award Agreement promptly. 
 By signing this Award Agreement, you consent to receive copies of the Prospectus applicable to this Award from the Corporation’s intranet site http://www.etrade.com/stockplans as well as to electronic delivery of
the Corporation’s annual report on Form 10-k, annual proxy and quarterly reports on Form 10-Q. This 

  

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consent can only be withdrawn by written notice to the Corporate Secretary, Lockheed Martin Corporation, 6801 Rockledge Drive, Bethesda, MD 20817.

 A pre-addressed envelope has been enclosed for your convenience to return with a copy of this Award Agreement, as acknowledged by you
below. 
  

	
	Sincerely,
	
	   
	Kenneth J. Disken
	Sr. Vice President, Human Resources

 Enclosures 
 ACKNOWLEDGEMENT: 
  

					
			
	   	 		 	_________________________________
	Signature	 		 	Date
			
	   	 		 	 
	Print or type name	 		 	

  

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 Appendix A 
 Capitalized Terms 
  

			
	Award	  	2nd ¶
	Band	  	§ 3.2(b)
	Cash Flow	  	§ 4.1(b)
	Cash Flow Performance Factor	  	§ 4.2
	Cash Flow Performance Amount	  	§ 2.1(c)
	Cell	  	§ 4.1(c)
	Change of Control	  	IPA
	Committee	  	1st ¶
	Corporation	  	2nd ¶
	Deferred Portion	  	§ 2.2
	External Performance Amount	  	§ 2.1(a)
	External Performance Factor	  	§ 3.1
	Immediate Portion	  	§ 2.1(c)
	Internal Performance Amount	  	§ 2.1(b)
	Internal Performance Factors	  	§ 4
	Peer Performance Group	  	§ 3.1
	Percentile Ranking	  	§ 3.2(b)
	Performance Period	  	§ 1¶
	Phantom Stock Account	  	§ 5.2(c)(2)
	Plan	  	1st ¶
	Potential Award	  	§ 2.1(c)
	ROIC	  	§ 4.1(a)
	ROIC Performance Factor	  	§ 4.1
	ROIC Performance Amount	  	§ 2.1(b)
	Share Units	  	IPA
	Share-Based Awards	  	IPA
	Stock	  	IPA
	Target Award	  	2nd ¶, § 1
	Total Stockholder Return	  	IPA

  

 15Exhibit 10.33

 Exhibit 10.33 
 PROFESSIONAL SERVICES AGREEMENT 
 This Professional Services Agreement is made and entered into effective as of
April 1, 2007 by and between Lockheed Martin Corporation, a Maryland corporation, located at 6801 Rockledge Drive, Bethesda, Maryland 20817 (hereinafter “LMC”) and Michael F. Camardo with a mailing address of 6801 Rockledge Drive,
Bethesda, MD 20817 (hereinafter “CONTRACTOR”). 
 WITNESSED: 
 That in consideration of the promises and mutual obligations hereinafter set forth, the parties hereto agree as follows: 
  

	1.	SERVICES BY CONTRACTOR  

  

	 	A.	In order to facilitate an orderly transition of management within the Information Systems & Global Services Business Area, CONTRACTOR shall provide historical background
information, factual and management assistance, guidance and counsel to Linda R. Gooden on matters involving operation of the Information Systems & Global Services Business Area (the “Services”) on an as needed, on call basis.

  

	 	B.	CONTRACTOR’S primary contact with LMC shall be Linda R. Gooden referred to hereinafter as the Agreement Monitor. 

  

	2.	TERM  

 The term of this Agreement shall commence on
April 1, 2007 and end on September 30, 2008. Upon mutual agreement of the parties, this Agreement may be extended beyond September 30, 2008. 
  

	3.	COMPENSATION FOR SERVICES  

  

	 	A.	CONTRACTOR shall be compensated for the Services to be performed hereunder by payment of $25,000 a month starting April 1, 2007. This amount represents the collective
consideration for the Covenant Not to Compete set forth in the Addendum A, as well as payment for Services rendered, if any, by CONTRACTOR under this Agreement. CONTRACTOR shall provide consulting services for 18 months (from April 1, 2007 to
September 30, 2008). Days worked in excess of five per month will be compensated at $5,000 per day. 

  

	 	B.	With prior approval of the Agreement Monitor, LMC shall reimburse CONTRACTOR for reasonable and actual travel expenses (at locations other than CONTRACTOR’S office), including
expenditures for hotels, meals, first class air or rail fare, taxis, car rental, mileage for use of personal automobile, parking and toll fees, telephone, and incidentals. 

  

	 	C.	LMC will reimburse CONTRACTOR for the following additional expenses or provide the following services directly to CONTRACTOR: 

  

	 	i	During the term of this Agreement, LMC will assist CONTRACTOR in maintaining a home office at his residence by providing equipment including home telephone lines, computer, cell
phone, fax machine, and printer as well as high speed connectivity to the internet and, subject to LMC policies governing access to the LMC intranet by non-employees, access to the LMC intranet and an LM Express email account.

  

 1 

	 	ii	During the term of this Agreement, LMC will provide support in assisting CONTRACTOR in maintaining his current security clearances and special access qualifications; and

  

	 	iii	During the term of this Agreement, LMC will provide secretarial support as warranted. 

  

	 	D	CONTRACTOR acknowledges that the retainer as well as the items in paragraph C will be taxable as income to him and will be reported as such by LMC to the IRS.

  

	4.	PAYMENT AND INVOICE  

  

	 	A.	CONTRACTOR’S invoice shall identify the Services performed during the period covered by such invoice and be forwarded to: Lockheed Martin Corporation, Linda Gooden. Invoices
should be issued on at least a quarterly basis notwithstanding the fact that the services have already been paid for by virtue of the retainer paid pursuant to paragraph 3.A on or about April 1, 2007. Each invoice should sufficiently describe
the Services rendered during the period covered by the invoice, the days of performance, and the total number of days worked to date under this Agreement. With each invoice, CONTRACTOR must submit an “Activity Report”, for the period
covered by the invoice. 

  

	 	B.	In the event sums are due for the days worked in excess of five days per month, LMC agrees to make payment within 30 days of receipt and approval of a proper invoice reflecting
these Services. For invoices claiming reimbursement for expenses, CONTRACTOR is required to attach original receipts (for expenses exceeding $75.00) for such expenditures in a form satisfactory to LMC. If original receipts are not furnished,
CONTRACTOR payment shall be subject to Federal, state, or local taxes. 

  

	5.	INDEPENDENT CONTRACTOR RELATIONSHIP 

 CONTRACTOR is
an independent contractor in all its operations and activities hereunder. CONTRACTOR and LMC agree that CONTRACTOR will render Services according to CONTRACTOR’S own methods and is subject to LMC’s control only with regard to the
CONTRACTOR’S final product or result. LMC shall not exercise direct control or supervision over the means that CONTRACTOR uses to accomplish CONTRACTOR’S work. The Parties understand and agree that CONTRACTOR is not an employee of LMC.

  

	6.	CONFLICT OF INTEREST  

  

	 	A.	CONTRACTOR shall not engage in any activity which presents a conflict of interest in the line of his relationship with LMC. 

  

	 	B.	CONTRACTOR hereby acknowledges receipt of a copy of the LMC Code of Ethics and Business Conduct and, by executing this Agreement, CONTRACTOR agrees that CONTRACTOR
will strictly comply with the provisions of the Code in the performance of the Services hereunder. 

  

 2 

	7.	NON-DISCLOSURE OF PROPRIETARY OR CONFIDENTIAL INFORMATION  

  

	 	A.	CONTRACTOR agrees not to disclose to others, either during or subsequent to the term of this Agreement, any LMC information, knowledge, or data which CONTRACTOR may receive, or have
access to, or which may otherwise be disclosed to CONTRACTOR, proprietary or confidential information as further defined herein. “Proprietary or Confidential Information” as used herein means any information of LMC or of others which has
come into the LMC’s or CONTRACTOR’S possession, custody or knowledge in the course of performing services under this Agreement that has independent economic value as a result of its not being generally known to the public and is the
subject of reasonable means to preserve the confidentiality of the information. Proprietary or Confidential Information includes (without limitation) information, whether written or otherwise, regarding LMC’s earnings, expenses, marketing
information, cost estimates, forecasts, bid and proposal data, financial data, trade secrets, products, procedures, inventions, systems or designs, manufacturing or research processes, material sources, equipment sources, customers and prospective
customers, business plans, strategies, buying practices and procedures, prospective and executed contracts and other business arrangements or business prospects, except to the extent such information become readily available to the general public
lawfully and without breach of a confidential, contractual, or fiduciary duty. CONTRACTOR acknowledges and agrees that he has a continuing obligation to not use or disclose Proprietary or Confidential Information. 

  

	 	B.	CONTRACTOR agrees that Proprietary or Confidential Information shall be used solely for the purpose of performing the Services required under this Agreement, and further agrees that
except as may strictly be required by CONTRACTOR’S obligations under this Agreement, CONTRACTOR shall not reproduce, nor allow any third party to use or reproduce, any Proprietary of Confidential Information or any documents or other material
containing Proprietary or Confidential information. 

  

	 	C.	All materials to which CONTRACTOR had access, or which were furnished or otherwise made available to CONTRACTOR in connection with the Services performed hereunder, shall be and
remain the property of LMC. Upon expiration or termination of this agreement, or upon request of LMC, CONTRACTOR shall return to LMC all such materials, documents and information, including any Proprietary or Confidential Information and all
reproductions thereof, then in CONTRACTOR’S possession or control, and CONTRACTOR in connection with this Agreement in accordance with specific instructions issued by LMC to CONTRACTOR, shall comply with any instructions within five
(5) days of receipt thereof. 

  

	8.	LIABILITY 

  

	 	A.	LMC shall not be liable to CONTRACTOR for any loss, injury, damage, expense or any liability whatsoever arising out of, or in connection with, the performance of the services
required by this Agreement. 

  

	 	B.	Each party shall be responsible to the other for any costs or expenses including attorney’s fees, all expenses of litigation and/or settlement, and court costs, arising from
the default of such party, its officers, employees, agents, suppliers, or subcontractors at any tier, in the performance of any of its obligations under this Agreement. 

  

	9.	GOVERNING LAW 

 This Agreement shall be governed by,
subject to, and construed according to the laws of the State of Maryland excluding its choice of law rules. CONTRACTOR shall comply with all 

  

 3 

 
applicable Federal, state and local laws, orders and regulations, as well as with all LMC policies, operating instructions, rules and regulations applicable
to the performance of this Agreement. 
  

	10.	TERMINATION 

  

	 	A.	LMC may not unilaterally terminate this Agreement unless 1) Section 10.C. of this Agreement applies, or 2) CONTRACTOR is in default as described in Section 16 of this
Agreement. 

  

	 	B.	CONTRACTOR may not terminate this Agreement without LMC’s advance written consent. LMC will not unreasonably withhold its written consent if CONTRACTOR’S reason for
termination is due to CONTRACTOR’S desire to accept employment that is not otherwise in violation of CONTRACTOR’S Covenant Not to Compete obligations as set forth in Addendum A and which makes him unavailable or unable to provide the
Services called for in this Agreement. 

  

	 	C.	This Agreement shall terminate immediately and all payments due shall be forfeited if, in rendering Services hereunder, improper payments are made, unlawful conduct is engaged in,
or any part of the fee or expenses payable under this Agreement is used or an illegal purpose. 

  

	 	D.	In the event this Agreement is terminated under any provision herein, CONTRACTOR shall not be required to repay any of the consideration already paid under the Agreement to date.
The termination of this Agreement shall have no affect whatsoever on the CONTRACTOR’S continuing obligations under the Covenant Not to Compete referenced above, which shall survive this Agreement and shall not expire until September 30,
2010. 

  

	11.	SEVERABILITY 

 If any provision of this Agreement
(including the provisions of Addendum A) shall be held illegal or unenforceable, the remainder of the Agreement or the application of any other provisions to the parties shall not be affected thereby. 
  

	12.	ACCESS TO CLASSIFIED INFORMATION 

 If access to
classified information in the performance of this Agreement is required, CONTRACTOR shall furnish the LMC Security Department with all data required to obtain or verify a personal security clearance with access to such Classified Information. Under
no circumstances shall CONTRACTOR perform service(s) involving access to classified information until CONTRACTOR’S security clearance has been obtained or verified by LMC. 
  

	13.	ACCEPTANCE OF CONTRACT/TERMS AND CONDITIONS  

  

	 	A.	This Agreement integrates, merges, and supersedes any prior offers, negotiations, and agreements concerning the subject matter hereof and constitutes the entire agreement between
the Parties. 

  

	 	B.	CONTRACTOR’S acknowledgment, acceptance of payment, or commencement of performance, shall constitute CONTRACTOR’S unqualified acceptance of this Agreement.

  

	 	C.	Additional or differing terms or conditions proposed by CONTRACTOR or included in CONTRACTOR’S acknowledgement hereof are hereby objected to by LMC and have no affect unless
accepted in writing by LMC. 

  

 4 

	14.	ASSIGNMENT  

 Any assignment of CONTRACTOR’S
contract rights or delegation of duties shall be void, unless prior written consent is given by LMC. 
  

	15.	CONTRACT DIRECTION  

  

	 	A.	Only the LMC Senior Vice President, Human Resources or his designee has authority to make changes in or amendments to this Agreement. Such changes or amendments must be in writing.

  

	 	B.	Except as otherwise provided herein, all notices to be furnished by the CONTRACTOR shall be sent to the LMC Senior Vice President, Human Resources, with a copy to the Contract
Monitor identified in paragraph 1.B of this Agreement. 

  

	16.	DEFAULT  

  

	 	A.	LMC, by written notice, may terminate this Agreement for default, in whole or in part, if CONTRACTOR fails to comply with any of the terms of this Agreement, fails to make progress
as to endanger performance of this Agreement, or fails to provide adequate assurance of future performance. CONTRACTOR shall have ten (10) days (or such longer period as LMC may authorize in writing) to cure any such failure after receipt of
notice from LMC. 

  

	 	B.	LMC shall not be liable for any Services not accepted; however, LMC may require CONTRACTOR to deliver to LMC any supplies and materials, manufacturing materials, and manufacturing
drawings that CONTRACTOR has specifically produced or acquired for the terminated portion of this Agreement. LMC and CONTRACTOR shall agree on the amount of payment for these other deliverables. 

  

	 	C.	CONTRACTOR shall continue all Services not terminated. 

  

	17.	DISPUTES  

 All disputes under this Agreement which
are not disposed of by mutual agreement may be decided by recourse to an action at law or in equity. Until final resolution of any dispute hereunder, CONTRACTOR shall diligently proceed with the performance of this Agreement as directed by LMC.

  

	18.	GRATUITIES/KICKBACKS  

 No gratuities (in the form
of entertainment, gifts or otherwise) or kickbacks shall be offered or given by CONTRACTOR, to any employee of LMC with a view toward securing favorable treatment as a supplier. 
  

	19.	INTELLECTUAL PROPERTY  

  

	 	A.	 CONTRACTOR agrees that LMC shall be the owner of all inventions, technology, designs, works of authorship, mask works, technical information, computer software,
business information and other information conceived, developed or otherwise generated in the performance of this Agreement by or on behalf of CONTRACTOR. CONTRACTOR hereby assigns and agrees to assign all right, title and interest in the foregoing
to LMC, including without limitation all copyrights, patent rights and other intellectual property rights therein and further agrees to execute, at LMC’S request and expense, all documentation necessary to perfect title therein in LMC.
CONTRACTOR agrees that it will maintain and disclose to LMC written records of, and otherwise provide 

  

 5 

	 	 
LMC with full access to, the subject matter covered by this Agreement and that all such subject matter will be deemed Proprietary or Confidential Information
of LMC and subject to the protection provisions of the paragraph 7 of this Agreement. CONTRACTOR agrees to assist LMC, at LMC’s request and expense, in every reasonable way, in obtaining, maintaining, and enforcing patent and other intellectual
property protection on the subject matter covered by this Clause. 

  

	 	B.	CONTRACTOR warrants that the Services performed and delivered under this Agreement will not infringe or otherwise violate the intellectual property rights of any third party in the
United States or any foreign country. CONTRACTOR agrees to defend, indemnity and hold harmless LMC and its customers from and against any claims, damages, losses costs an expenses, including reasonable attorney’s fees, arising out of any action
by a third party that is based upon a claim that the Services performed or delivered under this Agreement infringes or otherwise violates the intellectual property rights of any person or entity. 

  

	20.	RELEASE OF INFORMATION 

 Except as required by law,
no public release of any information, or confirmation or denial of same, with respect to this Agreement or the subject matter hereof, will be made by CONTRACTOR without the prior written approval of LMC. 
  

	21.	TIMELY PERFORMANCE 

  

	 	A.	CONTRACTOR’S timely performance is a critical element of this Agreement. 

  

	 	B.	If CONTRACTOR becomes aware of difficulty in performing the Services, CONTRACTOR shall timely notify LMC, in writing, giving pertinent details. This notification shall not change
any delivery schedule. 

  

	22.	WAIVER, APPROVAL, AND REMEDIES 

  

	 	A.	Failure by LMC to enforce any of the provision(s) of this Agreement shall not be construed as a waiver of the requirement(s) of such provision(s), or as a waiver of the right of LMC
thereafter to enforce each and every such provision(s). 

  

	 	B.	LMC’s approval of documents shall not relieve CONTRACTOR from complying with any requirements of this Agreement. 

  

	 	C.	The rights and remedies of LMC in this Agreement are cumulative and in addition to any other rights and remedies provided by law or in equity. 

  

	23.	AMENDMENTS AND NOTICE 

  

	 	A.	Sole authority to make changes in or amendments to this Agreement on behalf of LMC rests with the Senior Vice President, Human Resources, and no direction shall be valid unless in
writing. 

  

 6 

	 	B.	All notices by LMC or CONTRACTOR shall be given in writing by mail or fax to the following locations: 

  

			
	Lockheed Martin Corporation	  	Michael F. Camardo
	 6801 Rockledge Drive MP 200-11
 Bethesda, MD
20817
	  	 6801 Rockledge Drive MP 200-11
 Bethesda, MD
20817

	Attn: Ken Disken	  	
	TEL: 301-897-6950	  	
	FAX: 301-897-6758	  	

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
day and year first above written. 
  

			
	LOCKHEED MARTIN CORPORATION	  	CONTRACTOR
		
	 /s/ Kenneth Disken
	  	 /s/ Michael F. Camardo

	Signature	  	Signature
	Kenneth Disken	  	Michael F. Camardo
	Senior Vice President, Human Resources	  	
		
	 February 23, 2007
	  	 February 22, 2007

	Date	  	Date

  

 7 

 Receipt and Acknowledgment 
 I acknowledge that I have received my personal copy of Setting the Standard, the Lockheed Martin Code of Ethics and Business Conduct. I understand that each Lockheed Martin employee, agent, consultant, or representative is
responsible for knowing and adhering to the principles and standards of the Code. 
  

			
		
	Signature	 	/S/ MICHAEL F. CAMARDO
	Printed Name	 	Michael F. Camardo
	Date	 	February 22, 2007

  

 8 

  
 ADDENDUM A 

Covenant Not To Compete 
 In consideration for the
execution of the Professional Services Agreement to which this Addendum A is attached and the fees to be paid thereunder, I, Michael F. Camardo, agree to the following: 
 1. Restrictions Following Termination of Employment: 
 (a) For the two-year period following
the effective date of the Professional Services Agreement (September 30, 2008 through September 30, 2010), I will not, on my own or in association with others, either be directly or indirectly employed by or engage in or be associated with or
tender advice or services as an employee, advisor, director, officer, partner, consultant or otherwise by or with any corporation, partnership, or other business considered to be a Competitor of the Corporation. During that two-year period, I also
agree not to interfere with, disrupt, or attempt to disrupt the relationship, contractual or otherwise, between the Corporation and any customer, supplier or employee of the Corporation. This paragraph 1(a) will not apply if the Chief Executive
Officer of the Corporation waives in writing the restrictions of this paragraph 1(a) as it applies to a particular position or Competitor. 
 (b) Following my termination of employment with the Corporation, I will refrain from making any statement adverse to the interests of the Corporation where it is reasonably foreseeable or intended that the statement
would cause material harm to the Corporation either financially or by a diminution in reputation. 
 (c) I acknowledge and
agree that the scope and duration of the restrictions set forth in this Addendum A are necessary to be effective and are fair and reasonable in light of the value of the Professional Services Agreement. I further acknowledge and agree that these
restrictions are reasonably required for the protection of the Corporation’s legitimate business interests from unfair competition as a result of the high level executive and management positions I have held within the Corporation and the
attendant access to and extensive knowledge of the Corporation’s Proprietary Information. 
 (d) I acknowledge that the
Corporation’s remedies at law may be inadequate to protect the Corporation against any actual or threatened breach of the provisions of this Covenant Not To Compete, and, therefore, without prejudice to any other rights and remedies otherwise
available at law or in equity (including but not limited to, an action for damages), the Corporation shall be entitled to the granting of injunctive relief in its favor without proof of actual damages and to specific performance of any such
provisions of this Covenant Not To Compete. 
 (e) It is the desire and intent of the parties that the provisions of this
Covenant Not To Compete shall be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. 

  
 
Accordingly, if any particular portion of this Covenant Not To Compete is adjudicated to be invalid or unenforceable, this Covenant Not to Compete shall be
deemed amended to delete therefrom the portion thus adjudicated to be invalid or unenforceable, such deletion to apply only with respect to the operation of this provision in the particular jurisdiction in which such adjudication is made.

 2. For purposes of this Addendum A, “Competitor” means The Boeing Company, General Dynamics Corporation, Northrop Grumman Corporation,
the Raytheon Company, United Technologies Corporation, Honeywell International Inc., L3 Corporation, or any successor to all or part of the business of any such company as a result of a merger, reorganization, consolidation, spin-off, split-up,
acquisition, divestiture, operation of law or similar transaction. 
 3. This Covenant Not To Compete shall be governed by and interpreted in a manner
consistent with the laws of the State of Maryland without reference to the principles of conflicts of law. 
  

					
	 LOCKHEED MARTIN
 CORPORATION
	    	Michael F. Camardo
		
	 /s/ Kenneth Disken
  
	    	/s/ Michael F. Camardo  

			
	February 23, 2007	    	Date:	 	 February 22, 2007

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