VOLUME 19, ISSUE 9 SEPTEMBER 2011 Membership 2 Discounts 2 Travel 2 Bridge 3 Press Release 3 Luncheon Photos 4 Luncheon Photos 5 Activity Calendar 6 EDITOR S CORNER I had an opportunity to visit Big Basin Redwoods State Park two weeks ago. This was a hiking destination. We hiked from Waddell Beach to the Park Headquarters Visitor Center and back. We encountered three waterfalls on the way to the Center It is not necessary to do any hiking to enjoy the park. You can drive to the Visitor Center and two of the tallest trees in the forest are within yards of the center. Remember, these trees are between 200 and 300 feet tall and are between 1000 and 2000 years old. This particular stand of trees are known as coast redwoods. (Continued on page 2)Editor s Corner Country N Western BBQ You were greeted with the aroma of grilled meats as you entered the restaurant. The day began with friends greeting friends, selecting seating, and enjoying beverages and conversation. Although attendance was down somewhat, those that did attend seemed to enjoy themselves very much. I heard someone say that some members did not attend because of difficulty in navigating the buffet line. Please don t let that stop you. Other members will provide assistance to those needing it. The menu was as advertised. And, as usual the food was delicious. My personal favorites were the tri-tip and Italian sausage. Michael s does an excellent job for these luncheons. Many thanks to the Programs group for arranging this luncheon. In addition, Norm did a good job of M C ing the day s activities. Door Prize winners were; Victor Zuroff, Annamarie Boddy and David Ray. Vern briefed us on upcoming travel and pictures were taken by Bill Hammerlund After lunch, several members participated in the line dancing instructions from The Dancing DJ, Rich Campbell. I enjoyed talking with my table mates, Margaret Schmidt and the Robinsons. To borrow a phrase from Ken Koga, The Country and Western BBQ luncheon was a success. Don t forget the October luncheon. See flyer.
LOCKHEED MARTIN MANAGEMENT ASSOCIATION RETIREES Page 2 (Continued from page 1) EDITOR S CORNER These trees, because of their size and antiquity, were among the natural wonders of the world and should be saved for posterity. -Andrew P. Hill, 1899 For those of you that have not had an opportunity to visit the park, it is a great outing. The park is open year round with many activities for all age groups. You can get all the information you need at www.bigbasin.org. If you don t have internet access, you can call (831) 338-8860 Berry Creek Falls Big Basin Carl Roberts Editor carldroberts@sbcglobal.net MEMBERSHIP New Member: CLYDE KAWATE 1464 OWEN SOUND DR SUNNYVALE, CA 94087-4249 Ph: (408) 736-9062 Membership Renewals As of 28 Aug, 396 members have renewed their dues. 182 members still owe DUES. Please look at your address on mailing label of Newsletter for membership dates. P10/11 still owe DUES. Point Of Contact For Address Changes And Other Member Concerns: Lmmar P.O. Box 3847 Los Altos, CA 94024 Norm_Dhom@Earthlink.Net Norm Dhom, Membership Chairman Lockheed Martin Corporation 2011-2012 Retire Discounts Save money! See the Lockheed Martin Corporation on-line webpage for the 2011-2012 Discount List for various retail companies. The List currently includes 26 categories and about 89 companies. 1. www.benefitsweb.com/lmc.html 2. Login: Login ID: (Social Security Number) PIN: (Medical Insurance PIN) 3. Click Tab: Retiree Discounts Follow Instructions: "Save money with exclusive discounts available only to Lockheed Martin retirees. From ProFlowers and Lands' End to Sam's Club and Marriott Brand Hotels, big savings await. Some of the discounts offered are: Auto: Chrysler (Preferred price (1% below factory invoice); Ford Computers: Apple, HP Hearing health Care: Beltone (15%) Photos: ScanMyPhotos Travel: Avis, Choice Hotels, Marriott (25%) TRAVEL Travel Chairman Vern De Vincenzi 916-408-4852 Talbot Tours: 800-662-9933 TWO NEW YEARS TRIPS 12/2011 EMPRESS HOTEL AND MONTEREY MARCH 19-APRIL 2, 2012 SAN FRAN- CISCO TO THE HAWAIIAN ISLANDS TO AND FROM SAN FRANCISCO. This is a trip to lay back and relax as you will not have to use the airlines. Enjoy all the activities that are available aboard ship, including the Casino, Spa, pool also you may like to have a massage. You will be spoiled when you return to your home. Cabin prices start at $2095.00. Brochures are available Cabin space is going fast ADDITIONAL TRIPS FOR 2012 April - Washington DC Cherry Blossom Festival May - Kenya Safari July - Calgary Stampede with Rocky Mountain Rail and Alaskan Cruise September - a repeat of Buffalo Roundup November 2012 - The Holy land TRAVEL NOW HAS A WEBSITEwww.travelwithvernandirene.com and the brochures will be available online (Continued on page 3)
LOCKHEED MARTIN MANAGEMENT ASSOCIATION RETIREES Page 3 Vern BRIDGE Aug 2, 2011 individual duplicate - 1 st place (tie) Paul Peuker and Angie Schynert and 3 rd place - Dan Sloan Aug 4, 2011 pairs duplicate - No Game Aug 9, 2011 individual duplicate - 1 st place - Alex Fucile, 2 nd place - Ken Christie, and 3 rd place (tie) Carol Monohan, Anita Carter, and Dan Sloan Aug 11, 2011 pairs duplicate - 1 st place Chet Hayes & Ted Hinshaw, 2 nd place Ken Christie & Chuck Schmidt, 3rd place (tie) Anita Carter & Bob Carter, John Parker & Peggy Parker, and Dave Himmelblau & Dan Sloan Aug 16, 2011 individual duplicate - 1 st place (tie) Ted Hinshaw and Dan Sloan and 3 rd place (tie) - Doug Gordon and Dave Himmelblau. Aug 18, 2011 pairs duplicate - 1 st place Chet Hayes & Ted Hinshaw and 2 nd place (tie) Ken Christie & Doug Gordon and John Parker & Tony Zadel. Aug 23, 2011 pairs duplicate - 1 st place - Angie Schynert & Bob Vigeant, 2 nd place Chet Hayes & Ted Hinshaw, 3 rd place - Gary Bea & Chuck Schmidt, and 4 th place - Dave Himmelblau & Dan Sloan. Aug 25, 2011 pairs duplicate - 1 st place - Ken Christie & Doug Gordon, 2 nd place - John Parker & Tony Zadel, and 3rd place Roger Abegg & Jimmy Woo. Aug 30, 2011 pairs duplicate 1 st Caesar Grolemund & Bob Vigeant and 2 nd place Chet Hayes & Ted Hinshaw. PRESS RELEASE Lockheed Martin Announces Increase Of $1 Billion To Existing Share Repurchase Authority BETHESDA, Md., August 23rd, 2011 -- Lockheed Martin Corporation [NYSE: LMT] announced that its Board of Directors has approved an interim increase to the amount available under the share repurchase program of up to $1 billion. The new authorization increases the current share repurchase program initiated in October 2010, which is expected to reach its limit prior to the next scheduled review of share repurchase authority. A new share repurchase program is expected to be considered by the Board of Directors this fall. "We believe this additional share repurchase authorization is an effective way to deliver value back to our shareholders and is consistent with our commitment to return at least 50 percent of annual free cash to stockholders," said Bob Stevens, Lockheed Martin chairman and chief executive officer. The dollar amount of shares purchased and the timing of purchases under the program are at the discretion of management. Shares may be purchased in the open market or in privately negotiated transactions. Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion. 158Share Media Contacts: Jennifer Whitlow, (301) 897-6352; email: jennifer.m.whitlow@lmco.com Investor Relations Contacts: Jerry Kircher, (301) 897-6584; email: jerry.f.kircher@lmco.com Shamala Littlefield, (301) 897-6455; email shamala.littlefield@lmco.com LOCKHEED MARTIN FORWARD- LOOKING STATEMENTS: Statements in this release that are "forward-looking statements" are based on Lockheed Martin s current expectations and assumptions. Forward-looking statements in this release include, but are not limited to statements about expectations regarding use of cash for share repurchase and future share repurchase programs. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forwardlooking statements. Potential risks and uncertainties include, but are not limited to market and economic conditions generally, the impact on Lockheed Martin of those conditions including the impact on the price for our stock, the availability of cash and changing priorities for the use of cash as well as other risks and uncertainties described from time to time in Lockheed Martin's Form 10-K, including under the caption Risk Factors, and other filings with the Securities and Exchange Commission. All information in this release is as of August 23, 2011. Lockheed Martin disclaims any duty to update forward-looking statements to reflect subsequent events, actual results or changes in expectations. For further information regarding risks and uncertainties associated with Lockheed Martin s business, please refer to the Corporation s SEC filings, which may be obtained at the Corporation s website: http:// www.lockheedmartin.com.
Page 4 Country N Western BBQ
Page 5 Victor Zuroff Door Prize Winner David Ray Door Prize Winner Annamarie Boddy, Country N Western BBQ Door Prize Winner
L M M A R P. O. B O X 3 8 4 7, L O S A L T O S, C A 9 4 0 2 4 September 2011 Activity Calendar 1. LMMAR Executive Board Meeting. First Monday of each month unless holiday conflict, then second Monday. 9:30 a.m. Bldg. 157- Front Lobby Conference Room. Contact Ken Koga (408) 946-7292. 2. LMMAR Newsletter Mailing Session. Volunteers needed. Second Thursday of each month. 9:00 a.m. Bldg 157-Litrium. Contact Norm Dhom (408) 732-2742. 3. LMMAR Travel. Cruises and Tours. See Travel Section of Newsletter. 4. LMMAR Bridge Card Players. Join the fun! Every Tuesday and Thursday, 12:00 noon. Moved to new Palo Alto Elks Lodge. Contact Chuck Schmidt (408) 253-4965. 5. Lockheed Martin Blood Bank. Second Wednesday of each month. 8:00 a.m. 3:00 p.m. Bldg. 163. LMMAR Contact Norm Dhom (408) 732-2742. 6. Lockheed Martin Toys-For-Tots. Donations Accepted. LM Toys-For-Tots Cookbooks are available: $8.00 Ea. or four for $25.00. LMMAR contact Carolyn Hobbs (408) 248-3348. 7. Lockheed Martin Second Harvest Food Bank. Donations Accepted. LMMAR contact Carolyn Hobbs (408) 248-3348. 8. Lockheed Old Timers Picnic in the Park Last picnic of the year, September 14, a Wednesday, at Washington Park in Sunnyvale. Time: 11:00 a.m. to 1:00 p.m. Bring pot-luck dish for 8 or $7.00 per person. (Pot-luck dish preferred). For information call Flo Fiance at (408) 446-1873 or Lucille Wilson (408) 225-9566 or contact any Committee Member listed on the web at www.lockheedoldtimers.org 9. Join LMMAR, the ghosts and goblins at Michaels Shoreline Restaurant for our Halloween Luncheon date on Friday, 28 October 2011. Bring your favorite ghoul friend. See flyer for additional information or call Lucille Wilson at (408) 225-9566 or e-mail: lucille32@comcast.net. LMMAR NEWSLETTER O/27-6A B/163 P.O. BOX 3504 SUNNYVALE, CA 94088-3504 FIRST CLASS MAIL U.S. POSTAGE PAID PERMIT NO. 303 SUNNYVALE, CA