FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Tanner Bruce L 2. Date of Event Requiring Statement (Month/Day/Year) 09/01/2007 3. Issuer Name and Ticker or Trading Symbol LOCKHEED MARTIN CORP [LMT] (Last) (First) (Middle) LOCKHEED MARTIN CORPORATION, 6801 ROCKLEDGE DRIVE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President & CFO 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) BETHESDA, MD 20817 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 1,518.7875 I Lockheed Martin Salaried Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	01/28/2004(1)	01/28/2013	Common Stock	8,000	$ 51.1	D	Â
Employee Stock Option (Right to Buy)	01/29/2005(2)	01/29/2014	Common Stock	12,000	$ 49.27	D	Â
Employee Stock Option (Right to Buy)	01/31/2006(3)	01/31/2015	Common Stock	11,500	$ 57.81	D	Â
Employee Stock Option (Right to Buy)	02/01/2007(4)	02/01/2016	Common Stock	6,000	$ 67.97	D	Â
Employee Stock Option (Right to Buy)	01/29/2008(5)	01/29/2017	Common Stock	7,400	$ 96.06	D	Â
Restricted Stock Units	  (6)	  (6)	Common Stock	2,000	$ 0	D	Â
Restricted Stock Units	  (7)	  (7)	Common Stock	750	$ 0	D	Â
Phantom Stock Units	  (8)	  (8)	Common Stock	4,409.5796	$ 0	I	Lockheed Martin DMICP
Phantom Stock Units	  (9)	  (9)	Common Stock	801.0001	$ 0	I	Lockheed Martin Supplemental SSP

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Tanner Bruce L LOCKHEED MARTIN CORPORATION 6801 ROCKLEDGE DRIVE BETHESDA, MD 20817	Â	Â	  Executive Vice President & CFO	Â

Signatures

Bruce L. Tanner, by David A. Dedman, Attorney-in-Fact		09/10/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The options vested over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 28, 2004.
(2)	The options vested over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 29, 2005.
(3)	The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 31, 2006.
(4)	The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on February 1, 2007.
(5)	The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 29, 2008.
(6)	Each restricted stock unit ("RSU") represents a contingent right to receive one share of LMT common stock. The RSUs vest on February 1, 2009, the third anniversary of the grant date.
(7)	The RSUs are subject to a one-year performance period. If the value of the RSUs on the date of grant exceeds the performance goal specified in the award agreement, a number of RSUs equal in value to the performance shortfall is forfeited. Subject to the performance goal, the RSUs vest on January 29, 2010, the third anniversary of the date of the grant.
(8)	Phantom stock units acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service. The phantom stock units convert on a 1-for-1 basis.
(9)	Phantom stock units acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service. The phantom stock units convert on a 1-for-1 basis.
  Remarks: Remarks:  Exhibit 24 - Power of Attorney attached

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