United States
Securities and Exchange Commission
Washington, DC  20549

Form 13 F

Report for the Calendar Year or Quarter Ended:			December 31, 2009

Report type:	13F Holdings Report

Institutional Investment Manager Filing this Report:

Name:		Lockheed Martin Investment Management Company
		6901 Rockledge Drive, 4th Floor
		Bethesda, MD  20817

13F File Number #28-2847

Person signing this report on behalf of Reporting Manager:

Name:		Jeffrey A. Sharpe
Title:		President
Phone:		301-571-7130

Signature, Place, and Date of Signing:

Jeffrey A. Sharpe,	Bethesda, MD	January 28, 2010




I am signing this report as required by the Securities Exchange Act of 1934.


							   FORM 13F
						     December 31, 2009


                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
                                                                                           
ALCON INC.                     COM              H01301102     3780    23000 SH       SOLE                    23000
AMAZON.COM INC.                COM              023135106     2663    19800 SH       SOLE                    19800
APPLE INC                      COM              037833100    12897    61200 SH       SOLE                    61200
AT&T INC                       COM              00206R102    14211   507000 SH       SOLE                   507000
BAXTER INTERNATIONAL           COM              071813109     2066    35200 SH       SOLE                    35200
CISCO SYSTEMS INC              COM              17275R102    10281   429440 SH       SOLE                   429440
CITRIX SYSTEM                  COM              177376100     8322   200000 SH       SOLE                   200000
DELL INC.                      COM              24702R101     1723   120000 SH       SOLE                   120000
EXPRESS SCRIPTS, INC           COM              302182100     2765    32000 SH       SOLE                    32000
EXXON                          COM              30231G102    22775   334000 SH       SOLE                   334000
FREEPORT-MCMORAN COPPER        COM              35671D857      482     6000 SH       SOLE                     6000
GOOGLE INC - CL A              COM              38259P508    10289    16596 SH       SOLE                    16596
INTEL CORP                     COM              458140100     7629   373960 SH       SOLE                   373960
JOHNSON & JOHNSON              COM              478160104    10750   166900 SH       SOLE                   166900
MICROSOFT CORP                 COM              594918104    19812   650000 SH       SOLE                   650000
ORACLE CORP                    COM              68389X105     6868   280000 SH       SOLE                   280000
PFIZER                         COM              717081103     1819   100000 SH       SOLE                   100000
SCHLUMBERGER LTD               COM              806857108    11716   180000 SH       SOLE                   180000
STRYKER CORP                   COM              863667101     5339   106000 SH       SOLE                   106000
VERIZON COMMUNICATION INC.     COM              92343V104     8771   264738 SH       SOLE                   264738
CHINA LIFE INSURANCE (2628.hk) COM              6718976       9105  1841000 SH       SOLE                  1841000
CHINA MINSHENG(1988.hk)        COM              B57JY24       2811  2500000 SH       SOLE                  2500000
CHINA MOBILE LTD (941.hk)      COM              6073556       7817   832000 SH       SOLE                   832000
CHINA PACIFIC(2601.hk)         COM              B2Q5H56       3706   930000 SH       SOLE                   930000
CHINA SHIPPING DEV (1138.hk)   COM              6782045       3564  2370000 SH       SOLE                  2370000
JIANGXI COPPER (358.hk)        COM              6000305       3481  1470000 SH       SOLE                  1470000
PETROCHINA CO LTD (857.hk)     COM              6226576      10616  8832000 SH       SOLE                  8832000
SINO-OCEAN LAND (3377.hk)      COM              B24CVP7       5909  6381500 SH       SOLE                  6381500
SINOPHARM GROUP (1099.hk)      COM              B3ZVDV0       1599   450000 SH       SOLE                   450000
YANZHOU COAL (1171.hk)         COM              6109893       4855  2194000 SH       SOLE                  2194000
YINGDE GASES GRP(2168.hk)      COM              B4K19W5       1360  1320000 SH       SOLE                  1320000
HANG SENG H SHARE(2828.hk)     ETF              6724092       3261   197400 SH       SOLE                   197400
ISHARE FTSE/A50 CHINA TRACKER( ETF              B04V406      10349  5489000 SH       SOLE                  5489000
CONSUMER STAPLES SPDR          ETF              81369Y308    78285  2957500 SH       SOLE                  2957500
IPATH MSCI INDIA INDEX         ETF              06739F291     6406   100000 SH       SOLE                   100000
ISHARE MSCI BRAZIL INDEX FUND  ETF              464286400    18652   250000 SH       SOLE                   250000
ISHARES MSCI SOUTH KOREA       ETF              464286772     2382    50000 SH       SOLE                    50000
NASDAQ 100 MFC POWERSHARES     ETF              73935A104    30881   675000 SH       SOLE                   675000
OIL SERVICES HOLDRs            ETF              678002106    58251   490000 SH       SOLE                   490000
SELECT SECTOR SPDR-CONSUMER DI ETF              81369Y407    70704  2375000 SH       SOLE                  2375000
SELECT SECTOR SPDR-ENERGY      ETF              81369Y506    43328   760000 SH       SOLE                   760000
SELECT SECTOR SPDR-FINANCIAL   ETF              81369Y605    97356  6760800 SH       SOLE                  6760800
SELECT SECTOR SPDR-HEALTH CARE ETF              81369Y209    66676  2146000 SH       SOLE                  2146000
SELECT SECTOR SPDR-INDUSTRIAL  ETF              81369Y704    75311  2710000 SH       SOLE                  2710000
SELECT SECTOR SPDR-MATERIALS   ETF              81369Y100    28041   850000 SH       SOLE                   850000
SELECT SECTOR SPDR-TECHNOLOGY  ETF              81369Y803    32102  1400000 SH       SOLE                  1400000
SELECT SECTOR SPDR-UTILITIES   ETF              81369Y886    27142   875000 SH       SOLE                   875000
SPDR-S&P 500 INDEX             ETF              78462F103    29532   265000 SH       SOLE                   265000
XINHAU/CHINA 25 INDEX          ETF              464287184    55099  1303805 SH       SOLE                  1303805