<SEC-DOCUMENT>0001214659-22-005425.txt : 20220419
<SEC-HEADER>0001214659-22-005425.hdr.sgml : 20220419
<ACCEPTANCE-DATETIME>20220419120956
ACCESSION NUMBER:		0001214659-22-005425
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220419
DATE AS OF CHANGE:		20220419
EFFECTIVENESS DATE:		20220419

SUBJECT COMPANY:	

	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:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11437
		FILM NUMBER:		22833990

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Investor Advocates for Social Justice
		CENTRAL INDEX KEY:			0001636143
		IRS NUMBER:				843966071
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		40 S FULLERTON AVE
		CITY:			MONTCLAIR
		STATE:			NJ
		ZIP:			07042
		BUSINESS PHONE:		9735098800

	MAIL ADDRESS:	
		STREET 1:		40 S FULLERTON AVE
		CITY:			MONTCLAIR
		STATE:			NJ
		ZIP:			07042

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Tri-State Coalition for Responsible Investment
		DATE OF NAME CHANGE:	20150310
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Notice of Exempt Solicitation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 14a-103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of the Registrant: Lockheed Martin Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of persons relying on exemption: The Sisters of Charity of Elizabeth,
NJ, School Sisters of Notre Dame Cooperative Investment Fund, and Sisters of St. Francis of Philadelphia</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address of persons relying on exemption: Investor Advocates for Social
Justice, 40 S Fullerton</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ave Montclair, NJ 07042</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g) (1)
promulgated under the Securities Exchange Act of 1934. Submission is not required of this filer under the terms of the Rule, but is
made voluntarily in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The proponents urge you to vote FOR Proposal 5: Stockholder Proposal
to Issue a Human Rights Impact Assessment Report at the Lockheed Martin Annual Meeting of Shareholders on April 21, 2022.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #8C8C8C">40 S Fullerton Ave, Montclair,
NJ 07042 <B>&loz;</B> 973-509-8800 <B>&loz;</B> <U>info@iasj.org</U> <B>&loz;</B> www.iasj.org</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Summary of the Proposal </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The proposal requests that Lockheed Martin publish a report with the
results of human rights impact assessments examining the actual and potential human rights impacts associated with high-risk products
and services, including those in conflict-affected areas or violating international law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Proponent Rationale for Engagement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The three proponents of this proposal are Catholic institutional investors,
who have dedicated their lives and missions to advancing justice and peace. The proponents hold the belief that through engagement with
portfolio companies, they can further align their resources to fulfill their mission to support systemic change. At the time of this exempt
solicitation filing, Russia&rsquo;s war in Ukraine intensifies, with thousands of civilian casualties, growing accusations of war crimes,
rising threats of nuclear conflict, and global economic consequences.<FONT STYLE="font-size: 10pt"><SUP>i</SUP></FONT> Ongoing conflicts
in Israel-Palestine and Yemen continue to perpetuate major humanitarian crises. Lockheed Martin&rsquo;s President and CEO, Jim Taiclet,
was criticized for remarks on a January 2022 earnings call which appeared to frame such devastating conflicts as a growth opportunity,
as Lockheed Martin seeks to profit from arms shipments of Javelin missiles to Ukraine.<FONT STYLE="font-size: 10pt"><SUP>ii</SUP></FONT>
As society grapples with so much violence, this proposal is offered to frame the question on the purpose of the Company and whether there
could be a path forward that promotes peace. The proponents assert that there is a clear moral responsibility for companies and investors
to acknowledge the direct role the defense industry plays in perpetuating human rights harms in war and conflict, and that all actors
must contribute to appropriate remedies. The most severe human rights impacts of the defense sector are irremediable and result in the
loss of life. <B>The proponents therefore offer this proposal - supported by strong legal and financial risk arguments - to Lockheed Martin
and its shareholders as an invitation to deeply examine the business model in the context of its human rights responsibilities, so that
leadership and vision be advanced to reduce the company&rsquo;s business activities that cause death and destruction, and that Lockheed
Martin may instead have a purpose to contribute to a more positive vision for society. </B>In 2021, 32.2% of Lockheed Martin shares were
voted in support of a Human Rights Disclosure proposal filed by the same proponents, and this year&rsquo;s proposal takes this engagement
a step further by moving from a disclosure request on due diligence <I>processes</I> to the <I>results</I> of human rights impact assessments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Background on Human Rights Impact Assessments (HRIAs)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">An HRIA is a tool to help companies meet their human rights responsibilities
under the UN Guiding Principles on Business and Human Rights (UNGPs). Lockheed Martin recognizes the importance of this concept, asserting
that &ldquo;respect for human rights is an essential element of being a good corporate citizen and the long-term success of the company,&rdquo;
though it faces continuous allegations of failure to meet its human rights responsibilities. HRIAs help companies to identify, understand,
assess, and address adverse human rights impacts of company operations and provide investors with better disclosure on where human rights
risks are present and how the company is addressing them.<FONT STYLE="font-size: 10pt"><SUP>iii</SUP></FONT> Lockheed Martin&rsquo;s
current disclosure, policies, and frameworks do not equate to an HRIA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Support for this proposal is warranted and in the best interest
of shareholders because:</B></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Lockheed Martin&rsquo;s actual and potential human rights impacts resulting from the use of its weapons and defense technologies are
severe and warrant a dedicated human rights impact assessment (HRIA);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Failure to meaningfully assess the Company&rsquo;s human rights impacts may expose Lockheed Martin to material risks, including negative
legal, financial, and reputational risks;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>The Company&rsquo;s existing human rights report, policies and practices are not responsive to the proposal&rsquo;s request for an
HRIA; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Compliance with US law alone does not fulfill Lockheed Martin&rsquo;s human rights responsibilities, which are global in scope and
must be accountable to international human rights and humanitarian laws and standards.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Arguments in Favor of the Human Rights Impact Assessment Proposal
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD><B><U>Lockheed Martin&rsquo;s actual and potential human rights impacts resulting from the use of its weapons and defense technologies
are severe, and the Company is not meeting its human rights responsibilities under international law. </U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lockheed Martin is the world&rsquo;s largest defense contractor, doing
business with over 50 countries and connected to a wide array of weapons and defense technologies.<FONT STYLE="font-size: 10pt"><SUP>iv</SUP></FONT>
By the very nature of its business, Lockheed Martin is exposed to risks of serious human rights violations, and should be conducting HRIAs
to ensure that it is meeting its human rights responsibilities. The UNGPs constitute the global authoritative framework outlining the
roles and responsibilities of states and companies with respect to human rights and state that &ldquo;the responsibility to respect human
rights is a global standard of expected conduct for all business enterprises wherever they operate.&rdquo; <B>Prominent human rights organizations
have recorded indiscriminatory use of Lockheed Martin weaponry against civilians, and specifically children, consistently over time.<FONT STYLE="font-size: 10pt"><SUP>v</SUP></FONT></B>
A 2019 report published by Amnesty International found that Lockheed Martin, along with other companies in the defense industry, is failing
to meet its human rights responsibilities under the UNGPs.<FONT STYLE="font-size: 10pt"><SUP>vi</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Lockheed Martin&rsquo;s business poses actual and potential risks
to rights to life, liberty and personal security, privacy, non-discrimination, and peaceful assembly and association. </B>In the past
few years, Lockheed Martin has exported military goods to at least 12 states which are engaged in armed conflict, have a record of human
rights violations, or are at risk of corruption and fragility.<FONT STYLE="font-size: 10pt"><SUP>vii</SUP></FONT> For example, Lockheed
Martin has held longstanding relationships with Saudi Arabia, and is currently supporting more than $28 billion in integrated air and
missile defense, combat ships, tactical aircraft, and other programs.<FONT STYLE="font-size: 10pt"><SUP>viii</SUP></FONT> In June 2016,
civil society groups filed a complaint with the U.S. National Contact Point for Responsible Business Conduct against Lockheed Martin for
failing to carry out human rights due diligence in relation to supplying military equipment to Saudi Arabia for use in Yemen, in violation
of the OECD Guidelines.<FONT STYLE="font-size: 10pt"><SUP>ix</SUP></FONT> <B>Gross human rights violations, including war crimes, have
been committed throughout the conflict,<FONT STYLE="font-size: 10pt"><SUP>x</SUP></FONT> and Lockheed Martin has been named as an integral
company in supplying arms and services to the Saudi Arabia/UAE-led coalition</B>.<FONT STYLE="font-size: 10pt"><SUP>xi</SUP></FONT>
Lockheed Martin weaponry was notably linked to a widely condemned school bus attack in 2018 that resulted in the deaths of dozens of children.<FONT STYLE="font-size: 10pt"><SUP>xii</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Similarly, Lockheed Martin has provided weaponry such as F-16 fighter
jets, Longbow Hellfire missiles, and AH-64 Apache Longbow helicopter parts to the Israeli military, whose occupation of Palestine has
displaced over 1 million people<FONT STYLE="font-size: 10pt"><SUP>xiii</SUP></FONT> and is recognized by the UN as an apartheid.<FONT STYLE="font-size: 10pt"><SUP>xiv</SUP></FONT>
This occupation and apartheid has been connected to &ldquo;inhumane acts, arbitrary and extra-judicial killings, torture, the denial of
fundamental rights, an abysmal child mortality rate, collective punishment, an abusive military court system, and home demolitions,&rdquo;
and is being investigated for crimes against humanity.<FONT STYLE="font-size: 10pt"><SUP>xv</SUP></FONT> Lockheed Martin weapons have
been used <B>repeatedly by the Israeli military on densely populated civilian areas, resulting in thousands of civilian casualties, large
groups of them children, potentially amounting to war crimes.<FONT STYLE="font-size: 10pt"><SUP>xvi</SUP></FONT></B> Lockheed Martin
played a critical role in the May 2021 attacks on Gaza, where apparent war crimes were committed, including the deaths of at least 129
civilians, of whom 66 were children.<FONT STYLE="font-size: 10pt"><SUP>xvii</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the U.S., Lockheed Martin has held several contracts amounting to
over $4.8 billion with U.S. Customs and Border Protection to surveil the U.S.-Mexico border, presenting serious risks to <B>privacy and
asylum rights</B>, and exposing the Company to legal and reputational risk.<FONT STYLE="font-size: 10pt"><SUP>xviii</SUP></FONT> Border
surveillance contracts included &ldquo;reconnaissance aircraft, aircraft maintenance and logistics support, data processing services and
surveillance and communications technologies in the Southeast Texas region.&rdquo;<FONT STYLE="font-size: 10pt"><SUP>xix</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B><U>Failure to meaningfully assess the Company&rsquo;s human rights impacts may expose Lockheed Martin to material risks, including
negative legal, financial, and reputational risks.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lockheed Martin is exposed to <B>legal, financial, reputational, and
regulatory risks</B> if it does not meet its human rights responsibilities. Many of Lockheed Martin&rsquo;s core business areas are connected
to include controversial weapons or foreign sales that expose the Company to <B>legal risks pending potential regulatory developments.</B>
For example, Lockheed Martin develops and sells unmanned aerial vehicles that are subject to significant scrutiny and potential regulation
on the use of autonomous weapons.<FONT STYLE="font-size: 10pt"><SUP>xx</SUP></FONT> Furthermore, the Biden administration ended U.S.
support for Saudi-led offensive in Yemen, citing human rights violations.<FONT STYLE="font-size: 10pt"><SUP>xxi</SUP></FONT> A temporary
freeze on arms sales and potential future restrictions threaten Lockheed Martin&rsquo;s contract for up to 50 F-35 fifth-generation stealth
fighters, as well as sales of armed drones.<FONT STYLE="font-size: 10pt"><SUP>xxii</SUP></FONT> Had Lockheed Martin proactively assessed
the human rights risks associated with these areas of business and determined not to pursue contracts, its business model would be more
resilient to increasing national and international standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Lockheed Martin&rsquo;s business is also connected to controversial
weapons that are illegal under international law and pose legal, reputational, and regulatory risk to the Company and its investors.</B>
The Company is connected to $40 billion in contracts related to nuclear weapons.<FONT STYLE="font-size: 10pt"><SUP>xxiii</SUP></FONT>
Russia&rsquo;s invasion of Ukraine and nuclear threats place our world at a higher risk of nuclear detonation than during the Cold War.<FONT STYLE="font-size: 10pt"><SUP>xxiv</SUP></FONT>
The Treaty on the Prohibition of Nuclear Weapons (TPNW), which entered into force in January 2021, explicitly prohibits development, testing,
production, manufacture and stockpiling of nuclear weapons or other nuclear explosive devices, as well as any assistance with those prohibited
acts.<FONT STYLE="font-size: 10pt"><SUP>xxv</SUP></FONT> There are currently 86 signatories to the TPNW and 60 states have ratified
or acceded to the Treaty.<FONT STYLE="font-size: 10pt"><SUP>xxvi</SUP></FONT> Companies may also be required to demonstrate that they
are not conducting prohibited activities in jurisdictions that ratified the Treaty, a potentially costly endeavor. In addition to this,
the TPNW serves as an important milestone in the development of the norm against nuclear weapons, and can influence the behavior of states
not party, as evidenced by other weapons prohibition treaties. For example, since the entry into force of the Convention on Cluster Munitions
(CCM) in 2010 and the Mine Ban Treaty (MBT) in 1999, production of the prohibited weapons among states parties and states not party has
nearly ceased.<FONT STYLE="font-size: 10pt"><SUP>xxvii</SUP></FONT> Companies like Textron and Orbital ATK stopped producing cluster
munitions in the United States, a state not party to the CMM, since the treaty&rsquo;s entry into force.<FONT STYLE="font-size: 10pt"><SUP>xxviii</SUP></FONT>
States not party to the MBT, like Egypt, adopted explicit policies against producing landmines after that treaty&rsquo;s entry into force.<FONT STYLE="font-size: 10pt"><SUP>xxix</SUP></FONT>
The TPNW has inspired financial institutions to actively exit financial relationships with nuclear weapon producers, including ABP, who
in January 2018 announced an end to all financing relationships<FONT STYLE="font-size: 10pt"><SUP>xxx</SUP></FONT>, and KBC Group who
announced their compliance with all provisions of the new instrument upon its entry into force in January 2021.<FONT STYLE="font-size: 10pt"><SUP>xxxi</SUP></FONT>
<B>Even though the U.S. has not signed on to the TPNW, Lockheed Martin is exposed to risks as pressure mounts for financial institutions
to end relationships with companies, like Lockheed Martin, that are involved in the nuclear weapons industry.</B> Over 90 financial institutions
appear to have stopped funding activities to the nuclear weapons industry, and almost 60 financial institutions have adopted policies
to prohibit lending to the nuclear weapons industry.<FONT STYLE="font-size: 10pt"><SUP>xxxii</SUP></FONT> Growing divestment pressure
targeted at large funds, religious institutions, and universities limits the pool of potential shareholders, and may negatively impact
Lockheed Martin&rsquo;s access to capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD><B><U>The Company&rsquo;s existing policies and practices are unresponsive to the proposals request for an HRIA addressing adverse
human rights impacts resulting from end use of high-risk products and services, including in conflict-affected areas.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The October 2021 Human Rights report and additional policies cited
in Lockheed Martin&rsquo;s opposition statement<FONT STYLE="color: #3B3E4D">&mdash;</FONT>the Good Corporate Citizenship and Respect for
Human Rights Policy, Code of Ethics and Business Conduct, and Supplier Code of Conduct<FONT STYLE="font-size: 10pt"><SUP>xxxiii</SUP></FONT><FONT STYLE="color: #3B3E4D">&mdash;</FONT>
are not responsive to the request of the proposal for the following reasons:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Lockheed Martin&rsquo;s recent Human Rights report is responding to the 2021 proposal which requested disclosure on human rights due
diligence <I>processes, </I>which does not address the proponent&rsquo;s 2022 request for reporting on the <I>results </I>of a HRIA focused
on end use of products, including in conflict-affected areas.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>The focus of Lockheed Martin&rsquo;s existing human rights disclosure omits the Company&rsquo;s most severe human rights risks, which
include civilian casualties in conflict-affected areas and nuclear weapons impacts.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Existing policies and disclosure on product use and sales are misaligned with respect for human rights, as it seemingly omits any
assessment or acknowledgment of the Company&rsquo;s environmental or social risks.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>The Company presents respecting human rights as an aspect of &ldquo;corporate citizenship&rdquo; rather than as a legal obligation
or responsibility associated with doing business. By doing so it highlights the limitations of voluntary corporate initiatives.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Lockheed Martin has pursued areas of business, such as weapons sales to conflict-affected areas and the production of nuclear weapons,
which clearly are inconsistent with its stated human rights commitments, suggesting these policies are not effectively incorporated in
business decision-making around what contracts to take or pass.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Separate from Lockheed Martin&rsquo;s three reports and publicly available
policies named above, the Company also says it has a policy for ethical use of Artificial Intelligence (AI), however investors are unable
to assess the contents of this policy or how it is implemented, given that it is not publicly available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lockheed Martin provides one page of supplemental human rights-related
disclosure in its opposition statement, including information on governance and due diligence, <B>however the disclosure provided again
fails to address the specific human rights impacts of concern raised in the proposal.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The <B>criteria Lockheed Martin provides for evaluating potential contracts
lacks an analysis of human rights risks</B>, and instead broadly covers values, strategic direction, reputation, and performance. For
example, the Company says its human rights due diligence process is embedded within operations and business-decision making, whereas the
process it describes solely focuses on the Company&rsquo;s strategic direction, reputation, and financial performance. This process is
misaligned with conducting human rights impact assessments, as it does not address the Company&rsquo;s salient risks, including connection
to civilian casualties in conflict-affected areas and nuclear weapons impact.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lockheed Martin <B>does not provide any evidence that it is conducting
human rights impact assessments,</B> which are critical to robust human rights due diligence. It instead cites routine anti-corruption
audits and trade compliance programs. However, these are standard compliance procedures that lack a focus on salient human rights risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on the disclosure gaps identified above, it is clear that Lockheed
Martin&rsquo;s existing Human Rights Report, policies, and practices are <B>not responsive to the proposal&rsquo;s request for a Human
Rights Impact Assessment to identify, assess, prevent, mitigate, and remedy actual and potential human rights impacts</B> associated with
high-risk products and services, including those in conflict-affected areas. Additional human rights due diligence disclosure is also
warranted. <B>Investor expectations for HRIAs, meaningful human rights disclosure, and support for mandatory due diligence regulations
are both increasing.<FONT STYLE="font-size: 10pt"><SUP>xxxiv</SUP></FONT></B> This reporting helps investors assess whether companies
are effectively identifying and managing material human rights risks, which is critical to long-term shareholder value creation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>4.</B></TD><TD><B><U>Compliance with U.S. government regulations is not enough to fulfill human rights responsibilities.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the UNGPs, businesses have a responsibility to respect human
rights that is separate and distinct from the state duty to protect human rights. As the world&rsquo;s largest defense contractor, manufacturing
weapons and defense technologies designed and used in war, Lockheed Martin has heightened human rights responsibilities. <B>However, the
Company fails to acknowledge this responsibility aligned with the UNGPs, providing policies and disclosure lacking analysis of its most
salient human rights risks</B>. While Lockheed Martin&rsquo;s business model is dependent on U.S. government contracts and its business
is heavily regulated by federal regulations for foreign arms sales, <B>compliance with these laws does not prevent the Company from causing,
contributing, or being directly linked to human rights abuses</B>. For example, supporting U.S. national security or foreign policy objectives
may lead Lockheed Martin to supply weapons to allies currently involved in conflicts that result in significant civilian casualties, which
may violate international human rights and humanitarian law, of which Lockheed Martin may cause or contribute to. Following international
human rights norms may be required when U.S. laws governing foreign arms sales do not effectively prevent human rights violations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">It is also misleading for defense companies like Lockheed Martin to
say they are simply following the leadership of the U.S. government when the industry itself has a significant influence in government
through its lobbying for increased military spending. Lockheed Martin reportedly spent over $14 million on lobbying in 2021 alone.<FONT STYLE="font-size: 10pt"><SUP>xxxv</SUP></FONT>
The &ldquo;revolving door&rdquo; between the Pentagon and major defense contractors also demonstrates the blurred lines between the role
of government and the private sector in influencing the U.S. foreign policy agenda.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">While the U.S. government has its own process for vetting foreign military
sales and direct commercial sales<B>, Lockheed Martin should also have its own robust process for assessing human rights risks before
bidding on contracts and on an ongoing basis</B>. Lockheed Martin is under no obligation to bid on contracts that it deems to be misaligned
with its human rights commitments, and the Company could proactively position its business model to be less reliant on the sale of high-risk
products and services and doing business in conflict-affected areas. Again, Lockheed Martin&rsquo;s disclosure on its human rights due
diligence process surrounding product sale and use omits any reference to human rights, environmental, or social risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This calls into question Lockheed Martin&rsquo;s corporate purpose
and mission. When the Company&rsquo;s business model is dependent on war and conflict to be profitable and the manufacture of deadly weapons
is a core area of business, the Company is contributing to societal harm rather than good. Moving towards a corporate purpose that improves
society and people&rsquo;s lives will require a business model transformation, where the human rights policy is core to business strategy
and decisions. This requires leadership, vision, and meaningful implementation of a commitment to respect human rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Conclusion</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Proponents encourage all Lockheed Martin shareholders to support
Proposal 5: Stockholder Proposal to Issue a Human Rights Impact Assessment Report</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For more information, please contact: Jillianne Lyon, Senior Program
Associate at Investor Advocates for Social Justice and representative Sisters of Charity of Elizabeth, NJ, School Sisters of Notre Dame
Cooperative Investment Fund, and Sisters of St. Francis of Philadelphia, via email: jlyon@iasj.org or phone: 973-509-8800.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>i</SUP></FONT> <FONT STYLE="color: #1155CC">https://inews.co.uk/news/world/threat-nuclear-conflict-russia-ukraine-higher-cold-war-paranoid-vladimir-putin-1502571</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>ii</SUP></FONT> <FONT STYLE="color: blue">https://inthesetimes.com/article/ukraine-russia-raytheon-lockheed-martin-general-dynamics-weapons-industry</FONT>
; <FONT STYLE="color: blue">https://www.fool.com/earnings/call-transcripts/2022/01/25/lockheed-martin-lmt-q4-2021-earnings-call-transcri/</FONT>
; <FONT STYLE="color: blue">https://www.lockheedmartin.com/en-us/products/javelin.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>iii</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.humanrights.dk/tools/human-rights-impact-assessment-guidance-toolbox/introduction-human-rights-impact-assessment</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>iv</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.lockheedmartin.com/en-us/who-we-are/international.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>v</SUP></FONT> <FONT STYLE="color: #0B6EFD; background-color: white">https://www.hrw.org/reports/2007/lebanon0907/lebanon0907web.pdf</FONT><FONT STYLE="color: #2A2A2A; background-color: white">;
</FONT><FONT STYLE="color: #0B6EFD; background-color: white">https://www2.ohchr.org/english/bodies/hrcouncil/docs/12session/A-HRC-12-48.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>vi</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.amnesty.org/en/latest/news/2019/09/arms-companies-failing-to-address-human-rights-risks/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>vii</SUP></FONT> <FONT STYLE="color: blue">https://www.dontbankonthebomb.com/wp-content/uploads/2019/05/2019_Producers-Report-FINAL.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>viii</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.lockheedmartin.com/en-sa/index.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>ix</SUP></FONT> <FONT STYLE="color: #1155CC">https://complaints.oecdwatch.org/cases/Case_474</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>x</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.amnesty.org/en/latest/news/2015/09/yemen-the-forgotten-war/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xi</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.amnesty.org/en/latest/news/2019/09/arms-companies-failing-to-address-human-rights-risks/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xii</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.paxforpeace.nl/media/files/mwatana-day-of-judgement.pdf</FONT>
; <FONT STYLE="color: #1155CC">https://www.hrw.org/news/2018/09/02/yemen-coalition-bus-bombing-apparent-war-crime</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xiii</SUP></FONT> <FONT STYLE="color: #1155CC">https://investigate.afsc.org/company/lockheed-martin</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xiv</SUP></FONT> <FONT STYLE="color: #1155CC">https://news.un.org/en/story/2022/03/1114702</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xv</SUP></FONT> <FONT STYLE="color: #1155CC">https://news.un.org/en/story/2022/03/1114702</FONT>
; <FONT STYLE="color: #1155CC">https://www.amnesty.org/en/latest/news/2022/02/israels-apartheid-against-palestinians-a-cruel-system-of-domination-and-a-crime-against-humanity/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xvi</SUP></FONT> <FONT STYLE="color: #1155CC">https://investigate.afsc.org/company/lockheed-martin</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xvii</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.afsc.org/resource/us-corporations-complicit-military-attacks-gaza</FONT>
; <FONT STYLE="color: #1155CC">https://www.hrw.org/news/2021/07/27/gaza-apparent-war-crimes-during-may-fighting#</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xviii</SUP></FONT> <FONT STYLE="color: #1155CC">https://truthout.org/articles/biden-is-rejecting-trumps-border-wall-but-proposing-his-own-virtual-wall/</FONT>
; <FONT STYLE="color: #1155CC">https://investigate.afsc.org/company/lockheed-martin</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xix</SUP></FONT> <FONT STYLE="color: #1155CC">https://investigate.afsc.org/company/lockheed-martin</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xx</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.hrw.org/report/2020/08/10/stopping-killer-robots/country-positions-banning-fully-autonomous-weapons-and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxi</SUP></FONT> <FONT STYLE="color: #1155CC">https://apnews.com/article/biden-end-support-saudi-offenseive-yemen-b68f58493dbfc530b9fcfdb80a13098f</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxii</SUP></FONT> <FONT STYLE="color: #1155CC">https://nationalinterest.org/feature/sanctions-showdown-what-will-saudi-arabia%E2%80%99s-crown-prince-do-179177</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxiii</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.dontbankonthebomb.com/wp-content/uploads/2021/11/2021-Perilous-Profiteering_Final.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxiv</SUP></FONT> <FONT STYLE="color: #1155CC">https://inews.co.uk/news/world/threat-nuclear-conflict-russia-ukraine-higher-cold-war-paranoid-vladimir-putin-1502571</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxv</SUP></FONT> The full text
of the Treaty on the Prohibition of Nuclear Weapons is available: <FONT STYLE="color: blue">http://undocs.org/A/CONF.229/2017/8</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxvi</SUP></FONT> <FONT STYLE="color: #1155CC">https://treaties.unoda.org/t/tpnw</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxvii</SUP></FONT> Cluster Munitions
Monitor 2019, <FONT STYLE="color: #1155CC">http://www.the-monitor.org/en-gb/reports/2019/cluster-munition-monitor-2019/cluster-munitionban-policy.aspx</FONT>;
Landmine Monitor 2019, <FONT STYLE="color: #1155CC">http://www.the-monitor.org/en-gb/reports/2019/landmine-monitor-2019/ban-policy.aspx</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxviii</SUP></FONT> Worldwide
Investment in Cluster Munitions, PAX, December 2018, <FONT STYLE="color: #1155CC">https://www.paxforpeace.nl/publications/allpublications/worldwide-investment-in-cluster-munitions-2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxix</SUP></FONT> &ldquo;Egypt:
Mine Ban Policy,&rdquo; Landmine and Cluster Munitions Monitor, 9 October 2018, <FONT STYLE="color: #1155CC">http://www.the-monitor.org/engb/reports/2018/egypt/mine-ban-policy.aspx#ftn7</FONT>
; &ldquo;United States: Mine Ban Policy,&rdquo; Landmine and Cluster Munitions Monitor, 18 December 2019, <FONT STYLE="color: #1155CC">http://www.the-monitor.org/en-gb/reports/2019/united-states/mine-banpolicy.aspx#:~:text=%5B13%5D%20The%202020%20Trump%20administration,countries</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1155CC">%20between%201969%20and%201992</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxx</SUP></FONT> &ldquo;ABP Pension
Fund excludes tobacco and nuclear weapons&rdquo;, ABP, January 2018, <FONT STYLE="color: #1155CC">https://www.abp.nl/english/press-releases/abp-pension-fund-excludes-tobacco-and-nuclear-weapons.aspx</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxxi</SUP></FONT> &ldquo;KBC nuclear
arms policy fully in line with UN Treaty on Prohibition of Nuclear Weapons&rdquo;, KBC Group, January 2021, <FONT STYLE="color: #1155CC">https://www.kbc.com/content/dam/kbccom/doc/newsroom/pressreleases/2021/20210122_PB_VNverdrag_Kernwapens_ENG.pdf?fbclid=</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1155CC">IwAR310l3vmdVLa9ROnhlS-MEjBCScdWmqpMURs-WIZgXYmtQ98RREqNAdr60</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxxii</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.dontbankonthebomb.com/policy-analysis-report-rejecting-risk/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxxiii</SUP></FONT> <FONT STYLE="color: blue">https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/sustainability/Lockheed_Martin_Human_Rights_Report_2020.pdf</FONT>;
<FONT STYLE="color: #1155CC">https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/ethics/cps-021.pdf</FONT> ; <FONT STYLE="color: #1155CC">https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/ethics/ethics-code-of-conduct-2020.pdf</FONT>
; <FONT STYLE="color: #1155CC">https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/ethics/supplier-code.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxxiv</SUP></FONT> https://investorsforhumanrights.org/sites/default/files/attachments/2020-04/The%20Investor%20Case%20for%20mHRDD%20-%20FINAL.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>xxxv</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.opensecrets.org/federal-lobbying/clients/summary?id=D000000104</FONT></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
