United States
Securities and Exchange Commission
Washington, DC  20549

Form 13 F

Report for the Calendar Year or Quarter Ended:			June 30, 2010

Report type:	13F Holdings Report

Institutional Investment Manager Filing this Report:

Name:		Lockheed Martin Investment Management Company
		6901 Rockledge Drive, 4th Floor
		Bethesda, MD  20817

13F File Number #28-2847

Person signing this report on behalf of Reporting Manager:

Name:		Jeffrey A. Sharpe
Title:		President
Phone:		301-571-7130

Signature, Place, and Date of Signing:

Jeffrey A. Sharpe,	Bethesda, MD	July 26, 2010




I am signing this report as required by the Securities Exchange Act of 1934.


							   FORM 13F
						        June 30, 2010


                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
                                                                                           
ALEXION PHARMACEUTICALS, INC.  COM              015351109     1945    38000 SH       SOLE                    38000
ALTRIA GROUP INC.              COM              02209S103     1703    85000 SH       SOLE                    85000
AMAZON.COM INC.                COM              023135106     2163    19800 SH       SOLE                    19800
APPLE INC                      COM              037833100     5332    21200 SH       SOLE                    21200
AT&T INC                       COM              00206R102    12143   502000 SH       SOLE                   502000
BAXTER INTERNATIONAL           COM              071813109      211     5200 SH       SOLE                     5200
CISCO SYSTEMS INC              COM              17275R102    12561   589440 SH       SOLE                   589440
CITRIX SYSTEM                  COM              177376100    10460   247700 SH       SOLE                   247700
DELL INC.                      COM              24702R101     1447   120000 SH       SOLE                   120000
EXPRESS SCRIPTS, INC           COM              302182100     7034   149600 SH       SOLE                   149600
EXXON                          COM              30231G102    14039   246000 SH       SOLE                   246000
GENERAL ELECTRIC CO.           COM              369604103     7210   500000 SH       SOLE                   500000
GOOGLE INC - CL A              COM              38259P508     6494    14596 SH       SOLE                    14596
INTEL CORP                     COM              458140100     7274   373960 SH       SOLE                   373960
JOHNSON & JOHNSON              COM              478160104     2297    38900 SH       SOLE                    38900
MICROSOFT CORP                 COM              594918104    14956   650000 SH       SOLE                   650000
ORACLE CORP                    COM              68389X105     6009   280000 SH       SOLE                   280000
PEPSICO                        COM              713448108     1828    30000 SH       SOLE                    30000
PFIZER                         COM              717081103      998    70000 SH       SOLE                    70000
PROCTOR&GAMBLE CO.             COM              742718109     1799    30000 SH       SOLE                    30000
STRYKER CORP                   COM              863667101      701    14000 SH       SOLE                    14000
TEVA PHARMACEUTICAL-SP ADR     COM              881624209     1768    34000 SH       SOLE                    34000
VERIZON COMMUNICATION INC.     COM              92343V104     3691   131738 SH       SOLE                   131738
WALMART                        COM              931142103     3461    72000 SH       SOLE                    72000
YUM BRANDS INC                 COM              988498101     2928    75000 SH       SOLE                    75000
ZIMMER HOLDINGS, INC.          COM              98956P102      757    14000 SH       SOLE                    14000
CHINA LIFE INSURANCE (2628.hk) COM              6718976       1882   423000 SH       SOLE                   423000
CHINA MOBILE LTD (941.hk)      COM              6073556       4650   463000 SH       SOLE                   463000
YANZHOU COAL (1171.hk)         COM              6109893       2352  1200000 SH       SOLE                  1200000
ISHARE FTSE/A50 CHINA TRACKER( ETF              B04V406       6533  4431700 SH       SOLE                  4431700
CONSUMER STAPLES SPDR          ETF              81369Y308    62794  2462500 SH       SOLE                  2462500
IPATH MSCI INDIA INDEX         ETF              06739F291     6400   100000 SH       SOLE                   100000
NASDAQ 100 MFC POWERSHARES     ETF              73935A104    13197   309000 SH       SOLE                   309000
OIL SERVICES HOLDRs            ETF              678002106    22714   240000 SH       SOLE                   240000
SELECT SECTOR SPDR-CONSUMER DI ETF              81369Y407    74573  2560000 SH       SOLE                  2560000
SELECT SECTOR SPDR-ENERGY      ETF              81369Y506    46451   935000 SH       SOLE                   935000
SELECT SECTOR SPDR-FINANCIAL   ETF              81369Y605   170841 12370800 SH       SOLE                 12370800
SELECT SECTOR SPDR-HEALTH CARE ETF              81369Y209    75999  2695000 SH       SOLE                  2695000
SELECT SECTOR SPDR-INDUSTRIAL  ETF              81369Y704    71455  2605000 SH       SOLE                  2605000
SELECT SECTOR SPDR-MATERIALS   ETF              81369Y100    24398   860000 SH       SOLE                   860000
SELECT SECTOR SPDR-TECHNOLOGY  ETF              81369Y803    46206  2265000 SH       SOLE                  2265000
SELECT SECTOR SPDR-UTILITIES   ETF              81369Y886    26282   930000 SH       SOLE                   930000
SPDR-S&P 500 INDEX             ETF              78462F103    31585   306000 SH       SOLE                   306000