Course Project Proposal For Acquisition – Lockheed Martin Corporation

This comprehensive list should be used as a guide for conducting due diligence research and producing report documentation, and as many items as possible should be investigated as part of the Course Project. Items shown below in black are typically available through public sources, including published financials, articles, and other public records. Items indicated in green may or may not be readily accessible. If accessible, please include and document them as time permits.

INDUSTRY OVERVIEW

1. What is the size of the industry?

2. How is the industry segmented?

3. What is the industry’s projected growth and profitability?

4. What are the factors affecting growth and profitability?

5. What are the trends in the number of competitors and their size, product innovation, distribution, finances, regulation, and product liability?

CORPORATE OVERVIEW

1. When and where was the company founded and by whom?

2. What is its history of product development?

3. What is the history of the management team?

4. Has the corporate location changed?

5. Have there been ownership changes?

6. Has there been an acquisition or divestiture?

7. What is its financial history?

ORGANIZATION AND GENERAL CORPORATE ISSUES

1. Obtain the articles of incorporation and bylaws. Review for the existence of preemptive rights, rights of first refusal, registration rights, or any other rights related to the issuance or registration of securities.

2. Review the bylaws for any unusual provisions affecting shareholder rights or restrictions on ownership, transfer, or voting of shares.

3. Review the terms associated with any preferred stock or unexercised warrants.

4. Describe any antitakeover provisions.

5. If the company is publicly held, update all periodic filings for the past, including the 10-K, 10-Q, 8-K, and Schedule 13D.

6. Review annual reports to shareholders.

7. Obtain a list of all states in which the company is qualified to do business and the list of those states in which it maintains significant operations. Determine if there is any state in which a company is not qualified but should be qualified to do business.

8. Review all pending and threatened legal proceedings to which the company or any of its subsidiaries is a party. Describe principal parties, allegations, and relief sought. This includes any governmental or environmental proceedings. Obtain copies of existing consent decrees or significant settlement agreements relating to the company or its subsidiaries.

9. If there has been a change in accountants during the past 5 years, find out why.

10. Research any press releases or articles about the company within the past year (see Bloomberg.com, Nexis, Equifax, etc.).

This comprehensive list should be used as a guide for conducting due diligence research and producing report documentation, and as many items as possible should be investigated as part of the Course Project. Items shown below in black are typically available through public sources, including published financials, articles, and other public records. Items indicated in green may or may not be readily accessible. If accessible, please include and document them as time permits.

INDUSTRY OVERVIEW

1. What is the size of the industry?

2. How is the industry segmented?

3. What is the industry’s projected growth and profitability?

4. What are the factors affecting growth and profitability?

5. What are the trends in the number of competitors and their size, product innovation, distribution, finances, regulation, and product liability?

CORPORATE OVERVIEW

1. When and where was the company founded and by whom?

2. What is its history of product development?

3. What is the history of the management team?

4. Has the corporate location changed?

5. Have there been ownership changes?

6. Has there been an acquisition or divestiture?

7. What is its financial history?

ORGANIZATION AND GENERAL CORPORATE ISSUES

1. Obtain the articles of incorporation and bylaws. Review for the existence of preemptive rights, rights of first refusal, registration rights, or any other rights related to the issuance or registration of securities.

2. Review the bylaws for any unusual provisions affecting shareholder rights or restrictions on ownership, transfer, or voting of shares.

3. Review the terms associated with any preferred stock or unexercised warrants.

4. Describe any antitakeover provisions.

5. If the company is publicly held, update all periodic filings for the past, including the 10-K, 10-Q, 8-K, and Schedule 13D.

6. Review annual reports to shareholders.

7. Obtain a list of all states in which the company is qualified to do business and the list of those states in which it maintains significant operations. Determine if there is any state in which a company is not qualified but should be qualified to do business.

8. Review all pending and threatened legal proceedings to which the company or any of its subsidiaries is a party. Describe principal parties, allegations, and relief sought. This includes any governmental or environmental proceedings. Obtain copies of existing consent decrees or significant settlement agreements relating to the company or its subsidiaries.

9. If there has been a change in accountants during the past 5 years, find out why.

10. Research any press releases or articles about the company within the past year (see Bloomberg.com, Nexis, Equifax, etc.).