<PAGE>
 
     As filed with the Securities and Exchange Commission on June 18, 1996.
                                                 Registration No. 333-
- --------------------------------------------------------------------------------


                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                              -------------------- 

                                    FORM S-8

                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933

                              -------------------- 

                          LOCKHEED MARTIN CORPORATION
             (Exact name of registrant as specified in its charter)


        Maryland                                        52-1893632
  (State or other jurisdiction                        (I.R.S. Employer   
of incorporation or organization)                    Identification No.) 




                              6801 Rockledge Drive
                            Bethesda, Maryland 20817
         (Address, including zip code, of principal executive offices)

                              -------------------- 

                      Lockheed Martin Energy Systems, Inc.
                                Savings Program
                            (Full title of the plan)

                              -------------------- 

                           Stephen M. Piper, Esquire
                           Assistant General Counsel
                          Lockheed Martin Corporation
                              6801 Rockledge Drive
                            Bethesda, Maryland 20817
                                 (301) 897-6000
 (Name, address, including zip code, and telephone number, including area code,
                             of agent for service)

                              -------------------- 

                        CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
                                             Proposed           Proposed
                                              maximum           maximum
Title of securities       Amount to be    offering price       aggregate            Amount of
to be registered          registered(*)    per share(**)   offering price(**)  registration fee(**)
- ---------------------------------------------------------------------------------------------------
<S>                      <C>              <C>              <C>                 <C> 
Common Stock, par
value $1.00 per share..   500,000          $81.8125         $42,906,250         $14,799   
</TABLE>
- --------------------------------------------------------------------------------

(*)  In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
     Registration Statement also covers an indeterminate amount of plan
     interests to be offered or sold pursuant to the plans to which this
     Registration Statement relates.
(**) Estimated solely for calculating the amount of the registration fee 
     pursuant to Rule 457(h) promulgated under the Securities Act of 1993, as 
     amended.

- --------------------------------------------------------------------------------
<PAGE>
 
                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


     Item 3.  Incorporation of Documents by Reference.
              --------------------------------------- 

          The following documents filed by the Registrant with the Securities
     and Exchange Commission (the "Commission") are incorporated by reference
     and made a part hereof:

               (a) The Registrant's Annual Report on Form 10-K for the year
     ended December 31, 1995 filed with the Commission on March 13, 1996;

               (b) The description of the Registrant's Common Stock contained in
     the Registrant's Registration Statement on Form 8-B filed with the
     Commission pursuant to Section 12 of the Securities Exchange Act of 1934
     (the "Exchange Act") (as amended on Form 8-B/A filed on March 9, 1995), and
     any amendment or report filed for the purpose of updating such description;

               (c) The Registrant's Current Report on Form 8-K filed with the
     Commission on January 12, 1996;

               (d) The Registrant's Current Report on Form 8-K filed with the
     Commission on April 5, 1996;

               (e) The Registrant's Current Report on Form 8-K filed with the
     Commission on May 2, 1996;

               (f) The Registrant's Current Report on Form 8-K/A filed with the
     Commission on May 8, 1996;

               (g) The Registrant's Quarterly Report on Form 10-Q for the
     Quarter Ended March 31, 1996 filed with the Commission on May 15, 1996;

               (h) The Registrant's Current Report on Form 8-K filed with the
     Commission on May 20, 1996;

               (i) The Registrant's Current Report on Form 8-K filed with the
     Commission on May 28, 1996; and

               (j) The Registrant's Current Report on Form 8-K filed with the 
     Commission on June 18, 1996.

          All documents subsequently filed by the Registrant or the Plan
     pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to
     filing of a post-effective amendment which indicates that all securities
     offered have been sold or which deregisters all securities then remaining
     unsold, shall be deemed to be incorporated by reference into this
     Registration Statement and to be a part hereof from the date of the filing
     of such documents.

                                      -1-
<PAGE>
 
     Item 4.  Description of Securities.
              ------------------------- 

          Not Applicable


     Item 5.  Interests of Named Experts and Counsel.
              -------------------------------------- 

          The Opinion of Counsel as to the legality of the securities being
     issued (constituting Exhibit 5) has been rendered by counsel who is a full-
     time employee of the Registrant.  Counsel rendering such opinion is not
     eligible to participate in the Plan.


     Item 6.  Indemnification of Directors and Officers.
              ----------------------------------------- 

          The Maryland General Corporation Law authorizes Maryland corporations
     to limit the liability of directors and officers to the corporation or its
     stockholders for money damages, except (a) to the extent that it is proved
     that the person actually received an improper benefit or profit in money,
     property or services, for the amount of the benefit or profit in money,
     property or services actually received, (b) to the extent that a judgment
     or other final adjudication adverse to the person is entered in a
     proceeding based on a finding that the person's action or failure to act
     was the result of active and deliberate dishonesty and was material to the
     cause of action adjudicated in the proceeding or (c) in respect of certain
     other actions not applicable to the Registrant.  Under the Maryland General
     Corporation Law, unless limited by charter, indemnification is mandatory if
     a director or an officer has been successful on the merits or otherwise in
     the defense of any proceeding by reason of his or her service as a director
     unless such indemnification is not otherwise permitted as described in the
     following sentence. Indemnification is permissive unless it is established
     that (a) the act or omission of the director was material to the matter
     giving rise to the proceeding and was committed in bad faith or was the
     result of active and deliberate dishonesty, (b) the director actually
     received an improper personal benefit in money, property or services or 
     (c) in the case of any criminal proceeding, the director had reasonable
     cause to believe his or her act or omission was unlawful. In addition to
     the foregoing, a court of appropriate jurisdiction may under certain
     circumstances order indemnification if it determines that the director or
     officer is fairly and reasonably entitled to indemnification in view of all
     the relevant circumstances, whether or not the director or officer has met
     the standards of conduct set forth in the preceding sentence or has been
     adjudged liable on the basis that a personal benefit was improperly
     received in a proceeding charging improper personal benefit to the director
     or officer. If the proceeding was an action by or in the right of the
     corporation or involved a determination that the director or officer
     received an improper personal benefit, however, no indemnification may be
     made if the individual is adjudged liable to

                                      -2-
<PAGE>
 
     the corporation, except to the extent of expenses approved by a court of
     competent jurisdiction.

          Article XI of the charter of the Registrant limits the liability of
     directors and officers to the fullest extent permitted by the Maryland
     General Corporation Law.  Article XI of the charter of the Registrant also
     authorizes the Registrant to adopt by-laws or resolutions to provide for
     the indemnification of directors and officers.  Article VI of the By-laws
     of the Registrant provides for the indemnification of the Registrant's
     directors and officers to the fullest extent permitted by the Maryland
     General Corporation Law.  In addition, the Registrant's directors and
     officers are covered by certain insurance policies maintained by the
     Registrant.


     Item 7.  Exemption from Registration Claimed.
              ----------------------------------- 

          Not Applicable


     Item 8.  Exhibits.
              -------- 

         5.   Opinion of Stephen M. Piper, Esquire.

      23-A.   Consent of Ernst & Young LLP.

      23-B.   Consent of Coopers & Lybrand L.L.P.

      23-C.   Consent of Stephen M. Piper, Esquire (contained in Exhibit 5
              hereof).

        24.   Powers of Attorney.

          The Registrant hereby undertakes that the Registrant will submit or
     has submitted the Plan and any amendment thereto to the Internal Revenue
     Service ("IRS") in a timely manner and has made or will make all changes
     required by the IRS in order to qualify the Plan.


     Item 9.  Undertakings.
              ------------ 

          (a) The undersigned registrant hereby undertakes:

              (1) To file, during any period in which offers or sales are being
     made, a post-effective amendment to this registration statement:

                  (i) To include any prospectus required by Section 10(a)(3) of
     the Securities Act of 1933;

                                      -3-
<PAGE>
 
                  (ii)  To reflect in the prospectus any facts or events arising
     after the effective date of the registration statement (or the most recent
     post-effective amendment thereof) which, individually or in the aggregate,
     represent a fundamental change in the information set forth in the
     registration statement;

                  (iii) To include any material information with respect to
     the plan of distribution not previously disclosed in the registration
     statement or any material change to such information in the registration
     statement;

          Provided, however, that subparagraphs (a)(1)(i) and (a)(1)(ii) do not
     apply if the information required to be included in a post-effective
     amendment by those paragraphs is contained in periodic reports filed by the
     registrant pursuant to Section 13 or Section 15(d) of the Securities
     Exchange Act of 1934 that are incorporated by reference in the registration
     statement.

               (2) That, for the purpose of determining any liability under the
     Securities Act of 1933, each such post-effective amendment shall be deemed
     to be a new registration statement relating to the securities offered
     therein, and the offering of such securities at that time shall be deemed
     to be the initial bona fide offering thereof.

               (3) To remove from registration by means of a post-effective
     amendment any of the securities being registered which remain unsold at the
     termination of the offering.

          (b) The undersigned registrant hereby undertakes that, for purposes of
     determining any liability under the Securities Act of 1933, each filing of
     the registrant's annual report pursuant to Section 13(a) or Section 15(d)
     of the Securities Exchange Act of 1934 (and, where applicable, each filing
     of an employee benefit plan's annual report pursuant to Section 15(d) of
     the Securities Exchange Act of 1934) that is incorporated by reference in
     the registration statement shall be deemed to be a new registration
     statement relating to the securities offered therein, and the offering of
     such securities at that time shall be deemed to be the initial bona fide
     offering thereof.

          (c) Insofar as indemnification for liabilities arising under the
     Securities Act of 1933 may be permitted to directors, officers and
     controlling persons of the registrant pursuant to the foregoing provisions,
     or otherwise, the registrant has been advised that in the opinion of the
     Securities and Exchange Commission such indemnification is against public
     policy as expressed in the Act and is, therefore, unenforceable.  In the
     event that a claim for indemnification against such liabilities (other than
     the payment by the registrant of expenses incurred or paid by a director,
     officer or controlling person of the registrant in the successful defense
     of any action, suit or proceeding) is asserted by such director, officer or
     controlling person in connection with the securities being registered, the
     registrant will, unless in the opinion of its

                                      -4-
<PAGE>
 
     counsel the matter has been settled by controlling precedent, submit to a
     court of appropriate jurisdiction the question whether such indemnification
     by it is against public policy as expressed in the Securities Act of 1933
     and will be governed by the final adjudication of such issue.

                                      -5-
<PAGE>
 
                                   SIGNATURES


          Pursuant to the requirements of the Securities Act of 1933, the
     registrant certifies that it has reasonable grounds to believe that it
     meets all of the requirements for filing on Form S-8 and has duly caused
     this registration statement to be signed on its behalf by the undersigned,
     thereunto duly authorized, in the County of Montgomery, State of Maryland.

                          LOCKHEED MARTIN CORPORATION

     Date:  June 18, 1996      By:  /s/ Frank H. Menaker, Jr.
                                        ---------------------
                                        Frank H. Menaker, Jr.
                                        Vice President and
                                        General Counsel


          Pursuant to the requirements of the Securities Act of 1933, the
     trustees (or other persons who administer the Plan) have duly caused this
     registration statement to be signed on their behalf by the undersigned,
     thereunto duly authorized, in the County of Andersen, State of Tennessee.

     Date:  June 18, 1996      LOCKHEED MARTIN ENERGY SYSTEMS, INC.
                               SAVINGS PROGRAM

                                By:  /s/ Norman E. Sparks
                                         ----------------
                                         Norman E. Sparks
                                         Director--Employee Benefits
                                         Lockheed Martin Energy
                                         Systems, Inc.

          Pursuant to the requirements of the Securities Act of 1933, this
     registration statement has been signed below by the following
<PAGE>
 
     persons on behalf of the Registrant and in the capacities and on the date
     indicated.
<TABLE>
<CAPTION>
          Signature                          Title                   Date
          ---------                          -----                   ----
     <S>                                     <C>                     <C>  
     /s/  Norman R. Augustine                Chief                   June 18, 1996
          -------------------                Executive Officer
          Norman R. Augustine*               and Director 
                                             (Principal Executive
                                             Officer)
 
     /s/  Marcus C. Bennett                  Senior Vice             June 18, 1996
          ------------------                 President, Chief                     
          Marcus C. Bennett*                 Financial Officer
                                             and Director
                                             (Principal Financial
                                             Officer)
 
     /s/  Robert E. Rulon                    Vice President and      June 18, 1996 
          ---------------                    Controller  (Principal
                                             Accounting Officer)
          Robert E. Rulon*
 
     /s/  Lynne V. Cheney                    Director                June 18, 1996 
          ---------------              
          Lynne V. Cheney*
 
     /s/  Houston I. Flournoy                Director                June 18, 1996
          -------------------
          Houston I. Flournoy*
 
     /s/  James F. Gibbons                   Director                June 18, 1996 
          ------------------                             
          James F. Gibbons*
 
     /s/  Edward E. Hood, Jr.                Director                June 18, 1996
          ------------------
          Edward E. Hood, Jr.*
 
     /s/  Caleb B. Hurtt                     Director                June 18, 1996 
          --------------
          Caleb B. Hurtt*
 
     /s/  Gwendolyn S. King                  Director                June 18, 1996 
          -----------------
          Gwendolyn S. King*
 
     /s/  Vincent N. Marafino                Director                June 18, 1996
          -------------------
          Vincent N. Marafino*
 
     /s/  Eugene F. Murphy                   Director                June 18, 1996 
          ----------------
          Eugene F. Murphy*
 
     /s/  Allen E. Murray                    Director                June 18, 1996 
          ---------------
          Allen E. Murray*
 
     /s/  Frank Savage                       Director                June 18, 1996 
          ------------
          Frank Savage*
 
     /s/  Carlisle A.H. Trost                Director                June 18, 1996 
          ------------------
          Carlisle A.H. Trost*
</TABLE> 
 
<PAGE>
 
<TABLE> 
<CAPTION> 
          Signature                          Title                   Date
          ---------                          -----                   ----
     <S>                                     <C>                     <C>  

     /s/ James R. Ukropina                   Director                June 18, 1996
         ------------------                             
         James R. Ukropina*
 
     /s/ Douglas C. Yearly                   Director                June 18, 1996 
         ------------------                             
         Douglas C. Yearly*
 
                    *By:  /s/ Stephen M. Piper                       June 18, 1996
                              ----------------
                             (Stephen M. Piper, Attorney-in-fact**)
</TABLE>
- --------------------

**By authority of Powers of Attorney filed with this Registration
  Statement on Form S-8
<PAGE>
 
                                 EXHIBIT INDEX
<TABLE> 
<CAPTION> 

     Exhibit                                                       Page
     Number                   Description                           No.
     ------                   -----------                          ----
     <S>      <C>                                                  <C> 
         5.   Opinion of Stephen M. Piper, Esquire.

      23-A.   Consent of Ernst & Young LLP.

      23-B.   Consent of Coopers & Lybrand L.L.P.

      23-C.   Consent of Stephen M. Piper, Esquire 
              (contained in Exhibit 5 hereof).

        24.   Powers of Attorney.

</TABLE>
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 20871}]
{"company-data": {"conformed-name": "LOCKHEED MARTIN CORP", "cik": "0000936468", "assigned-sic": "3760", "irs-number": "521893632", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-06255", "film-number": "96582752"}, "business-address": {"street1": "6801 ROCKLEDGE DR", "city": "BETHESDA", "state": "MD", "zip": "20817", "phone": "3018976000"}, "mail-address": {"street1": "6801 ROCKLEDGE DRIVE", "city": "BETHESDA", "state": "MD", "zip": "20817"}}
As filed with the Securities and Exchange Commission on June 18, 1996.
                                                 Registration No. 333-
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                              -------------------- 

                                    FORM S-8

                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933

                              -------------------- 

                          LOCKHEED MARTIN CORPORATION
             (Exact name of registrant as specified in its charter)

        Maryland                                        52-1893632
  (State or other jurisdiction                        (I.R.S. Employer   
of incorporation or organization)                    Identification No.) 

                              6801 Rockledge Drive
                            Bethesda, Maryland 20817
         (Address, including zip code, of principal executive offices)

                              -------------------- 

                      Lockheed Martin Energy Systems, Inc.
                                Savings Program
                            (Full title of the plan)

                              -------------------- 

                           Stephen M. Piper, Esquire
                           Assistant General Counsel
                          Lockheed Martin Corporation
                              6801 Rockledge Drive
                            Bethesda, Maryland 20817
                                 (301) 897-6000
 (Name, address, including zip code, and telephone number, including area code,
                             of agent for service)

                              -------------------- 

                        CALCULATION OF REGISTRATION FEE
- ---------------------------------------------------------------------------------------------------
                                             Proposed           Proposed
                                              maximum           maximum
Title of securities       Amount to be    offering price       aggregate            Amount of
to be registered          registered(*)    per share(**)   offering price(**)  registration fee(**)
- ---------------------------------------------------------------------------------------------------
Common Stock, par
value $1.00 per share..   500,000          $81.8125         $42,906,250         $14,799
- --------------------------------------------------------------------------------

(*)  In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
     Registration Statement also covers an indeterminate amount of plan
     interests to be offered or sold pursuant to the plans to which this
     Registration Statement relates.
(**) Estimated solely for calculating the amount of the registration fee 
     pursuant to Rule 457(h) promulgated under the Securities Act of 1993, as 
     amended.

- --------------------------------------------------------------------------------
PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

     Item 3.  Incorporation of Documents by Reference.
              --------------------------------------- 

          The following documents filed by the Registrant with the Securities
     and Exchange Commission (the "Commission") are incorporated by reference
     and made a part hereof:

               (a) The Registrant's Annual Report on Form 10-K for the year
     ended December 31, 1995 filed with the Commission on March 13, 1996;

               (b) The description of the Registrant's Common Stock contained in
     the Registrant's Registration Statement on Form 8-B filed with the
     Commission pursuant to Section 12 of the Securities Exchange Act of 1934
     (the "Exchange Act") (as amended on Form 8-B/A filed on March 9, 1995), and
     any amendment or report filed for the purpose of updating such description;

               (c) The Registrant's Current Report on Form 8-K filed with the
     Commission on January 12, 1996;

               (d) The Registrant's Current Report on Form 8-K filed with the
     Commission on April 5, 1996;

               (e) The Registrant's Current Report on Form 8-K filed with the
     Commission on May 2, 1996;

               (f) The Registrant's Current Report on Form 8-K/A filed with the
     Commission on May 8, 1996;

               (g) The Registrant's Quarterly Report on Form 10-Q for the
     Quarter Ended March 31, 1996 filed with the Commission on May 15, 1996;

               (h) The Registrant's Current Report on Form 8-K filed with the
     Commission on May 20, 1996;

               (i) The Registrant's Current Report on Form 8-K filed with the
     Commission on May 28, 1996; and

               (j) The Registrant's Current Report on Form 8-K filed with the 
     Commission on June 18, 1996.

          All documents subsequently filed by the Registrant or the Plan
     pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to
     filing of a post-effective amendment which indicates that all securities
     offered have been sold or which deregisters all securities then remaining
     unsold, shall be deemed to be incorporated by reference into this
     Registration Statement and to be a part hereof from the date of the filing
     of such documents.

                                      -1-
Item 4.  Description of Securities.
              ------------------------- 

          Not Applicable

     Item 5.  Interests of Named Experts and Counsel.
              -------------------------------------- 

          The Opinion of Counsel as to the legality of the securities being
     issued (constituting Exhibit 5) has been rendered by counsel who is a full-
     time employee of the Registrant.  Counsel rendering such opinion is not
     eligible to participate in the Plan.

     Item 6.  Indemnification of Directors and Officers.
              ----------------------------------------- 

          The Maryland General Corporation Law authorizes Maryland corporations
     to limit the liability of directors and officers to the corporation or its
     stockholders for money damages, except (a) to the extent that it is proved
     that the person actually received an improper benefit or profit in money,
     property or services, for the amount of the benefit or profit in money,
     property or services actually received, (b) to the extent that a judgment
     or other final adjudication adverse to the person is entered in a
     proceeding based on a finding that the person's action or failure to act
     was the result of active and deliberate dishonesty and was material to the
     cause of action adjudicated in the proceeding or (c) in respect of certain
     other actions not applicable to the Registrant.  Under the Maryland General
     Corporation Law, unless limited by charter, indemnification is mandatory if
     a director or an officer has been successful on the merits or otherwise in
     the defense of any proceeding by reason of his or her service as a director
     unless such indemnification is not otherwise permitted as described in the
     following sentence. Indemnification is permissive unless it is established
     that (a) the act or omission of the director was material to the matter
     giving rise to the proceeding and was committed in bad faith or was the
     result of active and deliberate dishonesty, (b) the director actually
     received an improper personal benefit in money, property or services or 
     (c) in the case of any criminal proceeding, the director had reasonable
     cause to believe his or her act or omission was unlawful. In addition to
     the foregoing, a court of appropriate jurisdiction may under certain
     circumstances order indemnification if it determines that the director or
     officer is fairly and reasonably entitled to indemnification in view of all
     the relevant circumstances, whether or not the director or officer has met
     the standards of conduct set forth in the preceding sentence or has been
     adjudged liable on the basis that a personal benefit was improperly
     received in a proceeding charging improper personal benefit to the director
     or officer. If the proceeding was an action by or in the right of the
     corporation or involved a determination that the director or officer
     received an improper personal benefit, however, no indemnification may be
     made if the individual is adjudged liable to

                                      -2-
the corporation, except to the extent of expenses approved by a court of
     competent jurisdiction.

          Article XI of the charter of the Registrant limits the liability of
     directors and officers to the fullest extent permitted by the Maryland
     General Corporation Law.  Article XI of the charter of the Registrant also
     authorizes the Registrant to adopt by-laws or resolutions to provide for
     the indemnification of directors and officers.  Article VI of the By-laws
     of the Registrant provides for the indemnification of the Registrant's
     directors and officers to the fullest extent permitted by the Maryland
     General Corporation Law.  In addition, the Registrant's directors and
     officers are covered by certain insurance policies maintained by the
     Registrant.

     Item 7.  Exemption from Registration Claimed.
              ----------------------------------- 

          Not Applicable

     Item 8.  Exhibits.
              -------- 

         5.   Opinion of Stephen M. Piper, Esquire.

      23-A.   Consent of Ernst & Young LLP.

      23-B.   Consent of Coopers & Lybrand L.L.P.

      23-C.   Consent of Stephen M. Piper, Esquire (contained in Exhibit 5
              hereof).

        24.   Powers of Attorney.

          The Registrant hereby undertakes that the Registrant will submit or
     has submitted the Plan and any amendment thereto to the Internal Revenue
     Service ("IRS") in a timely manner and has made or will make all changes
     required by the IRS in order to qualify the Plan.

     Item 9.  Undertakings.
              ------------ 

          (a) The undersigned registrant hereby undertakes:

              (1) To file, during any period in which offers or sales are being
     made, a post-effective amendment to this registration statement:

                  (i) To include any prospectus required by Section 10(a)(3) of
     the Securities Act of 1933;

                                      -3-
(ii)  To reflect in the prospectus any facts or events arising
     after the effective date of the registration statement (or the most recent
     post-effective amendment thereof) which, individually or in the aggregate,
     represent a fundamental change in the information set forth in the
     registration statement;

                  (iii) To include any material information with respect to
     the plan of distribution not previously disclosed in the registration
     statement or any material change to such information in the registration
     statement;

          Provided, however, that subparagraphs (a)(1)(i) and (a)(1)(ii) do not
     apply if the information required to be included in a post-effective
     amendment by those paragraphs is contained in periodic reports filed by the
     registrant pursuant to Section 13 or Section 15(d) of the Securities
     Exchange Act of 1934 that are incorporated by reference in the registration
     statement.

               (2) That, for the purpose of determining any liability under the
     Securities Act of 1933, each such post-effective amendment shall be deemed
     to be a new registration statement relating to the securities offered
     therein, and the offering of such securities at that time shall be deemed
     to be the initial bona fide offering thereof.

               (3) To remove from registration by means of a post-effective
     amendment any of the securities being registered which remain unsold at the
     termination of the offering.

          (b) The undersigned registrant hereby undertakes that, for purposes of
     determining any liability under the Securities Act of 1933, each filing of
     the registrant's annual report pursuant to Section 13(a) or Section 15(d)
     of the Securities Exchange Act of 1934 (and, where applicable, each filing
     of an employee benefit plan's annual report pursuant to Section 15(d) of
     the Securities Exchange Act of 1934) that is incorporated by reference in
     the registration statement shall be deemed to be a new registration
     statement relating to the securities offered therein, and the offering of
     such securities at that time shall be deemed to be the initial bona fide
     offering thereof.

          (c) Insofar as indemnification for liabilities arising under the
     Securities Act of 1933 may be permitted to directors, officers and
     controlling persons of the registrant pursuant to the foregoing provisions,
     or otherwise, the registrant has been advised that in the opinion of the
     Securities and Exchange Commission such indemnification is against public
     policy as expressed in the Act and is, therefore, unenforceable.  In the
     event that a claim for indemnification against such liabilities (other than
     the payment by the registrant of expenses incurred or paid by a director,
     officer or controlling person of the registrant in the successful defense
     of any action, suit or proceeding) is asserted by such director, officer or
     controlling person in connection with the securities being registered, the
     registrant will, unless in the opinion of its

                                      -4-
counsel the matter has been settled by controlling precedent, submit to a
     court of appropriate jurisdiction the question whether such indemnification
     by it is against public policy as expressed in the Securities Act of 1933
     and will be governed by the final adjudication of such issue.

                                      -5-
SIGNATURES

          Pursuant to the requirements of the Securities Act of 1933, the
     registrant certifies that it has reasonable grounds to believe that it
     meets all of the requirements for filing on Form S-8 and has duly caused
     this registration statement to be signed on its behalf by the undersigned,
     thereunto duly authorized, in the County of Montgomery, State of Maryland.

                          LOCKHEED MARTIN CORPORATION

     Date:  June 18, 1996      By:  /s/ Frank H. Menaker, Jr.
                                        ---------------------
                                        Frank H. Menaker, Jr.
                                        Vice President and
                                        General Counsel

          Pursuant to the requirements of the Securities Act of 1933, the
     trustees (or other persons who administer the Plan) have duly caused this
     registration statement to be signed on their behalf by the undersigned,
     thereunto duly authorized, in the County of Andersen, State of Tennessee.

     Date:  June 18, 1996      LOCKHEED MARTIN ENERGY SYSTEMS, INC.
                               SAVINGS PROGRAM

                                By:  /s/ Norman E. Sparks
                                         ----------------
                                         Norman E. Sparks
                                         Director--Employee Benefits
                                         Lockheed Martin Energy
                                         Systems, Inc.

          Pursuant to the requirements of the Securities Act of 1933, this
     registration statement has been signed below by the following
persons on behalf of the Registrant and in the capacities and on the date
     indicated.
Signature                          Title                   Date
          ---------                          -----                   ----
/s/  Norman R. Augustine                Chief                   June 18, 1996
          -------------------                Executive Officer
          Norman R. Augustine*               and Director 
                                             (Principal Executive
                                             Officer)
 
     /s/  Marcus C. Bennett                  Senior Vice             June 18, 1996
          ------------------                 President, Chief                     
          Marcus C. Bennett*                 Financial Officer
                                             and Director
                                             (Principal Financial
                                             Officer)
 
     /s/  Robert E. Rulon                    Vice President and      June 18, 1996 
          ---------------                    Controller  (Principal
                                             Accounting Officer)
          Robert E. Rulon*
 
     /s/  Lynne V. Cheney                    Director                June 18, 1996 
          ---------------              
          Lynne V. Cheney*
 
     /s/  Houston I. Flournoy                Director                June 18, 1996
          -------------------
          Houston I. Flournoy*
 
     /s/  James F. Gibbons                   Director                June 18, 1996 
          ------------------                             
          James F. Gibbons*
 
     /s/  Edward E. Hood, Jr.                Director                June 18, 1996
          ------------------
          Edward E. Hood, Jr.*
 
     /s/  Caleb B. Hurtt                     Director                June 18, 1996 
          --------------
          Caleb B. Hurtt*
 
     /s/  Gwendolyn S. King                  Director                June 18, 1996 
          -----------------
          Gwendolyn S. King*
 
     /s/  Vincent N. Marafino                Director                June 18, 1996
          -------------------
          Vincent N. Marafino*
 
     /s/  Eugene F. Murphy                   Director                June 18, 1996 
          ----------------
          Eugene F. Murphy*
 
     /s/  Allen E. Murray                    Director                June 18, 1996 
          ---------------
          Allen E. Murray*
 
     /s/  Frank Savage                       Director                June 18, 1996 
          ------------
          Frank Savage*
 
     /s/  Carlisle A.H. Trost                Director                June 18, 1996 
          ------------------
          Carlisle A.H. Trost*
Signature                          Title                   Date
          ---------                          -----                   ----
/s/ James R. Ukropina                   Director                June 18, 1996
         ------------------                             
         James R. Ukropina*
 
     /s/ Douglas C. Yearly                   Director                June 18, 1996 
         ------------------                             
         Douglas C. Yearly*
 
                    *By:  /s/ Stephen M. Piper                       June 18, 1996
                              ----------------
                             (Stephen M. Piper, Attorney-in-fact**)
- --------------------

**By authority of Powers of Attorney filed with this Registration
  Statement on Form S-8
EXHIBIT INDEX
Exhibit                                                       Page
     Number                   Description                           No.
     ------                   -----------                          ----
5.   Opinion of Stephen M. Piper, Esquire.

      23-A.   Consent of Ernst & Young LLP.

      23-B.   Consent of Coopers & Lybrand L.L.P.

      23-C.   Consent of Stephen M. Piper, Esquire 
              (contained in Exhibit 5 hereof).

        24.   Powers of Attorney.