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Friday, November 13, 2009

Lockheed to Issue 10 and 30-Year Debt

By Darryl R. Isherwood

FOXBusiness

Lockheed Martin Corp. (LMT) is set to issue $1.5 billion in debt Friday.

The offering will be divided between 10 and 30-year maturities, according to Informa Global Markets, with the 10-year bonds expected to price at 93 basis points over the comparable U.S. Treasury and the 30-year expected to price 120 basis points over the comparable treasury.

Lockheed said in a regulatory filing that the proceeds would be used for general purposes.

Lockheed also announced Friday that it had entered into a cyber security alliance with more than a dozen major technology players. According to a release the members have agreed to collaborate ”on solutions that can help provide early threat detection, protection, and multi-layer self-healing capabilities to solve customers’ hard problems and meet future challenges.”

Among the companies involved in the partnership are Cisco (CSCO), Dell Inc. (DELL) and Microsoft Inc. (MSFT).

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