LMT Lockheed Martin Corporation

"Any such losses could be material to our financial results in any period that they are recognized."

distress relevance: 0.70 market specificity: 0.37 score: 0.390 mda

anchor: significant unrealized losses that would be realized if we sold securities

"However, to the extent insufficient funds have been appropriated by the U.S."

distress relevance: 0.63 market specificity: 0.41 score: 0.372 risk_factors

anchor: our cash reserves may be insufficient to fund operations

"We may at times refinance existing indebtedness, vary our mix of variable-rate and fixed-rate debt or seek alternative financing sources or arrangements for our cash and operational needs."

distress relevance: 0.68 market specificity: 0.33 score: 0.363 mda

anchor: we may be unable to refinance our existing debt

"Higher interest rates increase the borrowing costs on new debt and could affect the fair value of our investments."

distress relevance: 0.69 market specificity: 0.32 score: 0.361 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"For example, higher interest rates reduce the measure of our gross pension obligations while lower interest rates increase it."

distress relevance: 0.58 market specificity: 0.40 score: 0.337 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"However, to the extent insufficient funds have been appropriated by the U.S."

distress relevance: 0.63 market specificity: 0.41 score: 0.372 risk_factors

anchor: our cash reserves may be insufficient to fund operations

"For example, higher interest rates generally reduce the measure of our gross pension obligations while lower interest rates increase it."

distress relevance: 0.57 market specificity: 0.40 score: 0.331 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"Higher interest rates increase the borrowing costs on new debt and could affect the fair value of our investments."

distress relevance: 0.69 market specificity: 0.25 score: 0.329 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"Once the debt ceiling is reached, Treasury may have to use extraordinary measures to prevent default."

distress relevance: 0.51 market specificity: 0.49 score: 0.326 mda

anchor: our debt covenants restrict our ability to operate

"We must comply with extensive laws and regulations relating to the award, administration and performance of U.S."

distress relevance: 0.60 market specificity: 0.31 score: 0.309 risk_factors

anchor: we are subject to formal regulatory enforcement action

"However, to the extent insufficient funds have been appropriated by the U.S."

distress relevance: 0.63 market specificity: 0.41 score: 0.372 risk_factors

anchor: our cash reserves may be insufficient to fund operations

"Higher interest rates increase the borrowing costs on new debt and could affect the fair value of our investments."

distress relevance: 0.69 market specificity: 0.29 score: 0.345 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"For example, higher interest rates generally reduce the measure of our gross pension obligations while lower interest rates increase it."

distress relevance: 0.57 market specificity: 0.40 score: 0.331 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"We must comply with extensive laws and regulations relating to the award, administration and performance of U.S."

distress relevance: 0.60 market specificity: 0.31 score: 0.309 risk_factors

anchor: we are subject to formal regulatory enforcement action

"While we would expect to compete and be well positioned as the incumbent on existing programs, we may not be successful and, even if we are successful, the replacement programs may be funded at lower levels or result in lower margins."

distress relevance: 0.50 market specificity: 0.42 score: 0.300 risk_factors

anchor: we may need to raise additional capital to fund operations

"However, to the extent insufficient funds have been appropriated by the U.S."

distress relevance: 0.63 market specificity: 0.41 score: 0.374 risk_factors

anchor: our cash reserves may be insufficient to fund operations

"Rising interest rates increase the borrowing costs on new debt and could affect the fair value of our investments."

distress relevance: 0.73 market specificity: 0.27 score: 0.353 risk_factors

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"Rising interest rates will also increase our borrowing costs on new debt and could affect the fair value of our investments."

distress relevance: 0.70 market specificity: 0.29 score: 0.352 mda

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"While rising interest rates reduce the measure of our gross pension obligations, they can also lead to decline in pension plan assets with offsetting impacts on our net pension liability."

distress relevance: 0.61 market specificity: 0.35 score: 0.333 mda

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"If not resolved in a timely manner, this could impact our results of operations and cash flows."

distress relevance: 0.56 market specificity: 0.35 score: 0.309 risk_factors

anchor: we are experiencing significant cash outflows

"We have been advised by the FTC that its concerns regarding the transaction cannot be addressed adequately by the terms of a consent order."

distress relevance: 0.58 market specificity: 0.50 score: 0.380 mda

anchor: regulatory consent order restricts our business activities

"We have been advised by the FTC that its concerns regarding the transaction cannot be addressed adequately by the terms of a consent order."

distress relevance: 0.58 market specificity: 0.43 score: 0.350 risk_factors

anchor: regulatory consent order restricts our business activities

"We must comply with laws and regulations relating to the award, administration and performance of U.S."

distress relevance: 0.60 market specificity: 0.32 score: 0.314 risk_factors

anchor: we are subject to formal regulatory enforcement action

"This has resulted in losses on certain fixed-price development programs and could result in additional losses in the future."

distress relevance: 0.54 market specificity: 0.38 score: 0.308 risk_factors

anchor: significant unrealized losses that would be realized if we sold securities

"In addition, our ability to grow in key areas such as hypersonics programs, classified programs and next-generation franchise programs will also be affected by the overall budget environment, whether development programs transition to production and the timing of such transition, all of which are dependent on U.S."

distress relevance: 0.49 market specificity: 0.46 score: 0.305 risk_factors

anchor: regulatory capital requirements may constrain our growth

"While we would expect to compete and be well positioned as the incumbent on existing programs, we may not be successful or, even if successful, the replacement programs may be funded at lower levels."

distress relevance: 0.53 market specificity: 0.44 score: 0.318 risk_factors

anchor: we may need to raise additional capital to fund operations

"Earlier changes proposed by the DoD in 2018 and later withdrawn would have had a negative effect on the timing of our cash flows."

distress relevance: 0.53 market specificity: 0.44 score: 0.317 risk_factors

anchor: cash and cash equivalents declined significantly

"Although we are designated as a critical infrastructure workforce, operations have been adjusted in response to the pandemic, including, most significantly, a reduction in the F-35 production rate primarily due to supplier delays."

distress relevance: 0.54 market specificity: 0.41 score: 0.313 mda

anchor: we have implemented significant workforce reductions

"We must comply with and are affected by laws and regulations relating to the award, administration and performance of U.S."

distress relevance: 0.60 market specificity: 0.31 score: 0.309 risk_factors

anchor: we are subject to formal regulatory enforcement action

"We face a number of challenges that may affect personnel retention such as our endeavors to increase the efficiency of our operations and improve the affordability of our products and services such as workforce reductions and consolidating and relocating certain operations."

distress relevance: 0.55 market specificity: 0.37 score: 0.309 risk_factors

anchor: we have implemented significant workforce reductions

"During 2018, we recognized a non-cash asset impairment charge of related to our equity method investee, Advanced Military Maintenance, Repair and Overhaul Center LLC (AMMROC)."

distress relevance: 0.61 market specificity: 0.41 score: 0.361 risk_factors

anchor: material impairment charges on our investment portfolio

"We have also begun investing in funds that invest in other companies."

distress relevance: 0.62 market specificity: 0.39 score: 0.356 risk_factors

anchor: we may need to raise additional capital to fund operations

"The program has experienced performance issues for which we have periodically accrued reserves."

distress relevance: 0.53 market specificity: 0.50 score: 0.342 mda

anchor: our cash reserves may be insufficient to fund operations

"Additionally, the BBA-19 also suspended the debt ceiling through July 31, 2021, at which time the debt limit will be increased to the amount of U.S."

distress relevance: 0.54 market specificity: 0.46 score: 0.333 mda

anchor: we may be unable to refinance our existing debt

"We are continuing to monitor this investment, in light of ongoing performance, business base and economic issues and we may have to record our portion of additional charges, or an impairment of our investment, or both, should the carrying value of our investment exceed its fair value."

distress relevance: 0.57 market specificity: 0.41 score: 0.332 risk_factors

anchor: material impairment charges on our investment portfolio