<PAGE>
 
    As filed with the Securities and Exchange Commission on March 15, 1995.
                                                      Registration No. 33-
- --------------------------------------------------------------------------------


                       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 of          (I.R.S. Employer Identification No.)
incorporation or organization)


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

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

                     Lockheed Corporation Hourly Employees
                      Savings and Stock Investment Plan -
                       Fort Worth and Abilene Divisions
                            (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..     1,500,000        $ 26.52          $ 39,780,000       $13,717.34
</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 plan to which this
     Registration Statement relates.

(**) At the time of the filing of this Registration Statement on Form S-8, there
     is no market for the Registrant's securities to be offered.  Accordingly,
     the fee has been computed, pursuant to Rule 457(h)(1) and guidance provided
     by the Office of Chief Counsel, based on the book value of the securities
     to be offered as of December 31, 1994.

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

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


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

          The following documents filed by the Registrant, Martin Marietta
Corporation, Lockheed Corporation or the Plan with the Securities and Exchange
Commission (the "Commission") are incorporated by reference and made a part
hereof:

          (a) The Registrant's Joint Proxy Statement/Prospectus filed pursuant
to Registration Statement No. 33-57645 on Form S-4 filed with the Commission on
February 9, 1995;

          (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; and

          (c) Martin Marietta Corporation's Current Report on Form 8-K filed
with the Commission on February 13, 1995;

          (d) Martin Marietta Corporation's Current Report on Form 8-K filed
with the Commission on February 17, 1995;

          (e) Lockheed Corporation's Current Report on Form 8-K filed with the
Commission on February 21, 1995;

          (f) Lockheed Corporation Hourly Employees Savings and Stock Investment
Plan - Fort Worth and Abilene Divisions Annual Report on Form 11-K filed with
the Commission as Exhibit 99.4 to Lockheed Corporation's Annual Report on Form
10-K/A dated June 28, 1994; and

          (g) The Registrant's Current Report on Form 8-K filed with the
Commission on March 15, 1995.

          All documents subsequently filed by the Registrant, Martin Marietta
Corporation, Lockheed Corporation 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.


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

          Not Applicable

                                      -1-
<PAGE>
 
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 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

                                      -2-
<PAGE>
 
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.
          -------- 

   4-A.   Lockheed Corporation Hourly Employees Savings and Stock Investment
          Plan - Fort Worth and Abilene Divisions, as amended and restated
          through March 1, 1995.

   4-B.   Lockheed Corporation Hourly Employee Savings and Stock Investment Plan
          - Fort Worth and Abilene Divisions Trust Agreement, effective
          February 1, 1993 (included as an exhibit to Registration Statement on
          Form S-8, No. 33-49347 and incorporated herein by reference).

   4-C.   Amendment 1995-I to Lockheed Corporation Hourly Employee Savings and
          Stock Investment Plan - Fort Worth and Abilene Divisions Trust
          Agreement.

     5.   Opinion of Stephen M. Piper, Esquire

  23-A.   Consent of Ernst & Young LLP (Washington, D.C.).

  23-B.   Consent of Ernst & Young LLP (Los Angeles, CA).

  23-C.   Consent of KPMG Peat Marwick LLP.

  23-D.   Consent of Arthur Andersen LLP.

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

    25.   Powers of Attorney (included as an exhibit to a Registration Statement
          on Form S-8 relating to Lockheed Martin Corporation Directors Deferred
          Stock Plan filed by the Registrant with the Commission on March 15,
          1994 and incorporated herein by reference).

     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.

                                      -3-
<PAGE>
 
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;

             (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 (1)(i) and (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.

                                      -4-
<PAGE>
 
     (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 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 Act 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:  March 15, 1995               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 its behalf by the undersigned, thereunto duly
authorized, in the City of Calabasas, State of California.

Date:  March 15, 1995               LOCKHEED CORPORATION HOURLY
                                    EMPLOYEES SAVINGS AND STOCK
                                    INVESTMENT PLAN - FORTH WORTH
                                    AND ABILENE DIVISIONS


                                    By:  /s/ Walter E. Skowronski
                                             --------------------
                                             Walter E. Skowronski
                                             Chairman, Savings Plan
                                             Committee


          Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the date indicated.
<PAGE>
 
     Signature               Title                        Date
     ---------               -----                        ---- 
 
/s/  Daniel M. Tellep        Chairman of the              March 15, 1995
     ----------------        Board and Chief             
     Daniel M. Tellep*       Executive Officer
                             and Director     
          
/s/  Marcus C. Bennett       Senior Vice                  March 15, 1995
     -----------------       President, Chief               
     Marcus C. Bennett*      Financial Officer
                             and Director
 
/s/  Robert E. Rulon         Controller and Chief         March 15, 1995
     ---------------         Accounting Officer            
     Robert E. Rulon*
 
/s/  Norman R. Augustine     Director                     March 15, 1995
     -------------------
     Norman R. Augustine*
 
/s/  Lynne V. Cheney         Director                     March 15, 1995
     ---------------                      
     Lynne V. Cheney*
 
/s/  Edwin I. Colodny        Director                     March 15, 1995
     ----------------
     Edwin I. Colodny*
 
/s/  Lodwrick M. Cook        Director                     March 15, 1995
     ----------------
     Lodwrick M. Cook*
 
/s/  James L. Everett, III   Director                     March 15, 1995
     ---------------------
     James L. Everett, III*
 
/s/  Houston I. Flournoy     Director                     March 15, 1995
     -------------------
     Houston I. Flournoy*
 
/s/  James F. Gibbons        Director                     March 15, 1995
     ----------------                      
     James F. Gibbons*
 
/s/  Edward E. Hood, Jr.     Director                     March 15, 1995
     -----------------
     Edward E. Hood, Jr.*
 
/s/  Caleb B. Hurtt          Director                     March 15, 1995
     --------------
     Caleb B. Hurtt*
 
/s/  Gwendolyn S. King       Director                     March 15, 1995
     -----------------  
     Gwendolyn S. King*
 
 
<PAGE>
 
     Signature               Title                        Date 
     ---------               -----                        ----  
/s/  Lawrence O. Kitchen     Director                     March 15, 1995
     -------------------
     Lawrence O. Kitchen*
 
/s/  Gordon S. Macklin       Director                     March 15, 1995
     -----------------                      
     Gordon S. Macklin*
 
/s/  Vincent N. Marafino     Director                     March 15, 1995
     -------------------
     Vincent N. Marafino*
 
/s/  Eugene F. Murphy        Director                     March 15, 1995
     ----------------                      
     Eugene F. Murphy*
 
/s/  Allen E. Murray         Director                     March 15, 1995
     ---------------                      
     Allen E. Murray*
 
/s/  Frank Savage            Director                     March 15, 1995
     -------------------
     Frank Savage*

/s/  Carlisle A.H. Trost     Director                     March 15, 1995
     -------------------
     Carlisle A.H. Trost*
 
/s/  James R. Ukropina       Director                     March 15, 1995
     -----------------                      
     James R. Ukropina*


                    *By:  /s/ Stephen M. Piper            March 15, 1995
                              ----------------                         
                             (Stephen M. Piper, Attorney-in-fact**)
 

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

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


     Exhibit                                                               Page
     Number                   Description                                   No.
     ------                   -----------                                  ----

       4-A.    Lockheed Corporation Hourly Employees Savings and Stock
               Investment Plan - Fort Worth and Abilene Divisions, as 
               amended and restated through March 1, 1995.

       4-B.    Lockheed Corporation Hourly Employee Savings and Stock
               Investment Plan - Fort Worth and Abilene Divisions Trust
               Agreement, effective February 1, 1993 (included as an 
               exhibit to Registration Statement on Form S-8, No. 33-49347 
               and incorporated herein by reference).

       4-C.    Amendment 1995-I to Lockheed Corporation Hourly Employee
               Savings and Stock Investment Plan - Fort Worth and Abilene
               Divisions Trust Agreement.

         5.    Opinion of Stephen M. Piper, Esquire

      23-A.    Consent of Ernst & Young LLP (Washington, D.C.).

      23-B.    Consent of Ernst & Young LLP (Los Angeles, CA).

      23-C.    Consent of KPMG Peat Marwick LLP.

      23-D.    Consent of Arthur Andersen LLP.

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

        25.    Powers of Attorney (included as an exhibit to a Registration
               Statement on Form S-8 relating to Lockheed Martin Corporation
               Directors Deferred Stock Plan filed by the Registrant with the
               Commission on March 15, 1994 and incorporated herein by
               reference).
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 22261}]
{"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": "033-58081", "film-number": "95520772"}, "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 March 15, 1995.
                                                      Registration No. 33-
- --------------------------------------------------------------------------------

                       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 of          (I.R.S. Employer Identification No.)
incorporation or organization)

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

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

                     Lockheed Corporation Hourly Employees
                      Savings and Stock Investment Plan -
                       Fort Worth and Abilene Divisions
                            (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..     1,500,000        $ 26.52          $ 39,780,000       $13,717.34
________________________________________________________________________________

(*)  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 plan to which this
     Registration Statement relates.

(**) At the time of the filing of this Registration Statement on Form S-8, there
     is no market for the Registrant's securities to be offered.  Accordingly,
     the fee has been computed, pursuant to Rule 457(h)(1) and guidance provided
     by the Office of Chief Counsel, based on the book value of the securities
     to be offered as of December 31, 1994.

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

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

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

          The following documents filed by the Registrant, Martin Marietta
Corporation, Lockheed Corporation or the Plan with the Securities and Exchange
Commission (the "Commission") are incorporated by reference and made a part
hereof:

          (a) The Registrant's Joint Proxy Statement/Prospectus filed pursuant
to Registration Statement No. 33-57645 on Form S-4 filed with the Commission on
February 9, 1995;

          (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; and

          (c) Martin Marietta Corporation's Current Report on Form 8-K filed
with the Commission on February 13, 1995;

          (d) Martin Marietta Corporation's Current Report on Form 8-K filed
with the Commission on February 17, 1995;

          (e) Lockheed Corporation's Current Report on Form 8-K filed with the
Commission on February 21, 1995;

          (f) Lockheed Corporation Hourly Employees Savings and Stock Investment
Plan - Fort Worth and Abilene Divisions Annual Report on Form 11-K filed with
the Commission as Exhibit 99.4 to Lockheed Corporation's Annual Report on Form
10-K/A dated June 28, 1994; and

          (g) The Registrant's Current Report on Form 8-K filed with the
Commission on March 15, 1995.

          All documents subsequently filed by the Registrant, Martin Marietta
Corporation, Lockheed Corporation 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.

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

          Not Applicable

                                      -1-
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 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

                                      -2-
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.
          -------- 

   4-A.   Lockheed Corporation Hourly Employees Savings and Stock Investment
          Plan - Fort Worth and Abilene Divisions, as amended and restated
          through March 1, 1995.

   4-B.   Lockheed Corporation Hourly Employee Savings and Stock Investment Plan
          - Fort Worth and Abilene Divisions Trust Agreement, effective
          February 1, 1993 (included as an exhibit to Registration Statement on
          Form S-8, No. 33-49347 and incorporated herein by reference).

   4-C.   Amendment 1995-I to Lockheed Corporation Hourly Employee Savings and
          Stock Investment Plan - Fort Worth and Abilene Divisions Trust
          Agreement.

     5.   Opinion of Stephen M. Piper, Esquire

  23-A.   Consent of Ernst & Young LLP (Washington, D.C.).

  23-B.   Consent of Ernst & Young LLP (Los Angeles, CA).

  23-C.   Consent of KPMG Peat Marwick LLP.

  23-D.   Consent of Arthur Andersen LLP.

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

    25.   Powers of Attorney (included as an exhibit to a Registration Statement
          on Form S-8 relating to Lockheed Martin Corporation Directors Deferred
          Stock Plan filed by the Registrant with the Commission on March 15,
          1994 and incorporated herein by reference).

     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.

                                      -3-
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;

             (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 (1)(i) and (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.

                                      -4-
(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 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 Act 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:  March 15, 1995               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 its behalf by the undersigned, thereunto duly
authorized, in the City of Calabasas, State of California.

Date:  March 15, 1995               LOCKHEED CORPORATION HOURLY
                                    EMPLOYEES SAVINGS AND STOCK
                                    INVESTMENT PLAN - FORTH WORTH
                                    AND ABILENE DIVISIONS

                                    By:  /s/ Walter E. Skowronski
                                             --------------------
                                             Walter E. Skowronski
                                             Chairman, Savings Plan
                                             Committee

          Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the date indicated.
Signature               Title                        Date
     ---------               -----                        ---- 
 
/s/  Daniel M. Tellep        Chairman of the              March 15, 1995
     ----------------        Board and Chief             
     Daniel M. Tellep*       Executive Officer
                             and Director     
          
/s/  Marcus C. Bennett       Senior Vice                  March 15, 1995
     -----------------       President, Chief               
     Marcus C. Bennett*      Financial Officer
                             and Director
 
/s/  Robert E. Rulon         Controller and Chief         March 15, 1995
     ---------------         Accounting Officer            
     Robert E. Rulon*
 
/s/  Norman R. Augustine     Director                     March 15, 1995
     -------------------
     Norman R. Augustine*
 
/s/  Lynne V. Cheney         Director                     March 15, 1995
     ---------------                      
     Lynne V. Cheney*
 
/s/  Edwin I. Colodny        Director                     March 15, 1995
     ----------------
     Edwin I. Colodny*
 
/s/  Lodwrick M. Cook        Director                     March 15, 1995
     ----------------
     Lodwrick M. Cook*
 
/s/  James L. Everett, III   Director                     March 15, 1995
     ---------------------
     James L. Everett, III*
 
/s/  Houston I. Flournoy     Director                     March 15, 1995
     -------------------
     Houston I. Flournoy*
 
/s/  James F. Gibbons        Director                     March 15, 1995
     ----------------                      
     James F. Gibbons*
 
/s/  Edward E. Hood, Jr.     Director                     March 15, 1995
     -----------------
     Edward E. Hood, Jr.*
 
/s/  Caleb B. Hurtt          Director                     March 15, 1995
     --------------
     Caleb B. Hurtt*
 
/s/  Gwendolyn S. King       Director                     March 15, 1995
     -----------------  
     Gwendolyn S. King*
Signature               Title                        Date 
     ---------               -----                        ----  
/s/  Lawrence O. Kitchen     Director                     March 15, 1995
     -------------------
     Lawrence O. Kitchen*
 
/s/  Gordon S. Macklin       Director                     March 15, 1995
     -----------------                      
     Gordon S. Macklin*
 
/s/  Vincent N. Marafino     Director                     March 15, 1995
     -------------------
     Vincent N. Marafino*
 
/s/  Eugene F. Murphy        Director                     March 15, 1995
     ----------------                      
     Eugene F. Murphy*
 
/s/  Allen E. Murray         Director                     March 15, 1995
     ---------------                      
     Allen E. Murray*
 
/s/  Frank Savage            Director                     March 15, 1995
     -------------------
     Frank Savage*

/s/  Carlisle A.H. Trost     Director                     March 15, 1995
     -------------------
     Carlisle A.H. Trost*
 
/s/  James R. Ukropina       Director                     March 15, 1995
     -----------------                      
     James R. Ukropina*

                    *By:  /s/ Stephen M. Piper            March 15, 1995
                              ----------------                         
                             (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.
     ------                   -----------                                  ----

       4-A.    Lockheed Corporation Hourly Employees Savings and Stock
               Investment Plan - Fort Worth and Abilene Divisions, as 
               amended and restated through March 1, 1995.

       4-B.    Lockheed Corporation Hourly Employee Savings and Stock
               Investment Plan - Fort Worth and Abilene Divisions Trust
               Agreement, effective February 1, 1993 (included as an 
               exhibit to Registration Statement on Form S-8, No. 33-49347 
               and incorporated herein by reference).

       4-C.    Amendment 1995-I to Lockheed Corporation Hourly Employee
               Savings and Stock Investment Plan - Fort Worth and Abilene
               Divisions Trust Agreement.

         5.    Opinion of Stephen M. Piper, Esquire

      23-A.    Consent of Ernst & Young LLP (Washington, D.C.).

      23-B.    Consent of Ernst & Young LLP (Los Angeles, CA).

      23-C.    Consent of KPMG Peat Marwick LLP.

      23-D.    Consent of Arthur Andersen LLP.

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

        25.    Powers of Attorney (included as an exhibit to a Registration
               Statement on Form S-8 relating to Lockheed Martin Corporation
               Directors Deferred Stock Plan filed by the Registrant with the
               Commission on March 15, 1994 and incorporated herein by
               reference).