# Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin

> **Open Intelligence Dossier** · First detected: 2026-07-09 16:07 UTC · Category: Business

## Executive Summary
Goldman Sachs secures $70 billion in outsourced investment mandates from Verizon and Lockheed Martin.

## Intelligence Brief
Goldman Sachs has entered into agreements to manage $70 billion in assets for Verizon and Lockheed Martin. The deals involve the outsourcing of both defined benefit and defined contribution plan investments to the firm in its capacity as an outsourced chief investment officer (OCIO).


Coverage from CNBC, Reuters, GuruFocus, Pensions & Investments, and Plansponsor emphasizes the scale of the mandates. Reports detail that the arrangements specifically cover the transition of retirement plan asset management functions from the respective corporations to Goldman Sachs.


Future developments depend on the integration of these assets into the firm's portfolio management systems. Coverage does not yet specify a timeline for the transition or the exact scope of the administrative changes for plan participants.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| Markets Group | Verizon CIO retires amid transition to Goldman Sachs outsourced investment model | [Source Link](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQUm1ULWtJbERxRVNNUWlQS3E2S2d1TDdIaXNDa2dOVWJUOEF4SFFqLTVQNEFuZzdhbWxpYlRtb2xhU29UTGVrQWdab1Q5X2tqN2kyZnN0QVZRUjFDVGJ5OTg2NVg0bFVHcUdrV29nY1NRTDNWaGs0X2xmQmo5ZlFqbllFRU1qQnl2RDVtNE5PUnY4UUgyZzJUcEF0U3BmbHJRdnFzbHBCTGltY0k?oc=5) |
| FIN News | Goldman Sachs Adds Corporate Pension OCIO Clients | [Source Link](https://news.google.com/rss/articles/CBMijwFBVV95cUxPOTlGX3dQa0NFLVgtdXhiYXQzYXJPRW90ZE4tQ0RfV3UxakpJengtYzRqTEhYeU96cVpWZWhlMG92Q2hhQ3QyTG92ZHlBazYwWEZsd1FnNHVLMzNyTmtsX0tSOGpSRnpOMDVWRXRfelBTZE9EN0tCbDFuaGphaXFxTGQ2ZDhLcnlTOGRTT1lVUQ?oc=5) |
| TradingView | Goldman Sachs Asset Management Secures $70 Bln In Retirement Asset Mandates | [Source Link](https://news.google.com/rss/articles/CBMi3AFBVV95cUxOVi1fR0hhSWQtcTBRTHZuQVpLbVc1eVN5WGJVLWx1LVBadV9qaXRaUVRxTGxRWE5ISUdPYUFrZnVJZjZ6NUZhQkpIbkljOUdRUE94aVlDY21Ha0pnQjdWM05jVUpKSjNrZzVaVk1jU2tFYmNGakJLeWZTWnBMZTk3V2dIV0VIRmt4S25lRkVKUXJjdEtEcGVsRzhlOTFFSE44WjRWM3Vpc3VPakk5N2VOR2xCRER3Rk5GVDdzTmxhRG12RUxjYU9yYWtqRWJpTXkxeUZyVWRyT3dtYm1v?oc=5) |
| qz.com | Goldman Sachs wins $70 billion retirement asset management deals | [Source Link](https://news.google.com/rss/articles/CBMikAFBVV95cUxQcjNsTWUzM3hkOG90N1ZuYUpnVUR3Q2x5RjNYaEhpa2ZkMndzMHZhMDVmX01MTXdMbU54WFU4Vm45ZHF3Sk1PemlaVWIyMjNEZ2dUb1ducURpY253Wm5FQVk0SWtaYU9rWWotTFlINXBzbjhVQmVoWGJabkFrUmZpSjAtWFFrY0hBWmh0UmZmYng?oc=5) |
| GuruFocus | Goldman Sachs Expands Asset Management with Verizon and Lockheed Martin | [Source Link](https://news.google.com/rss/articles/CBMirwFBVV95cUxOOExVNHFiZmE4S3VNNGNxUW1BOExHY0xMcDVBdV9MWU1LbGVRcDV4OHliRGluV1k4dWRUVWd4SmhuX0hCX1dxNW8yQUVXcUNUb21YMGtkdW5TT2wtYVMxUkxQTHFkdE1BckdxclQ1ZmVoajBMcDVJNW1WNFFPOUN3dW80NnlpbENTZ2dxS1RNejAyUjYtT0JwNWhJM21DUTBaenpjc3N5NHZOWmZ1cHlz?oc=5) |
| qz.com | Goldman Sachs wins $70 billion retirement asset management deals | [Source Link](https://news.google.com/rss/articles/CBMigwFBVV95cUxQQ2VzTUV4aUpfMVZYWHBqNmtKWks1d2hhRGVlVXhjOTFkZHdNeFM0VnNaZlFBYmVXVnR2N3J2XzFJWnEtRlpqaWFIVVFFRy05dHFpTDBBWWxyZmZKMEppZE9wRUFVbTR5LTVsLWZHRVRHcng3WE5OMml5VmFsbC1MbTZ0cw?oc=5) |
| plansponsor | Lockheed Martin, Verizon to Outsource DB and DC Investments to Goldman Sachs | [Source Link](https://news.google.com/rss/articles/CBMipwFBVV95cUxQRnpwQU1yaGdjNERoQVA5Qm91bjBjdDhqZGwzRjdfZVN5VUl1bnBqRkZodGE1WWpzNnJMeGtpRzVyWnNuSFRiNXlhVU5ZTFQ4ek8yWUNFbVZkRFcxWU9oRlFfLXA2emF3bzNMOS0yNWU3ei00cTFfSVlkSUhfTTNSY1g1WGRIb0EtNzJhOGRrTlNnZzM1TlRNdUpXNHRQTFVYZnFUd0RZaw?oc=5) |
| Pensions & Investments | Goldman Sachs notches two OCIO mandate wins totaling $70 billion | [Source Link](https://news.google.com/rss/articles/CBMiywFBVV95cUxPTG1tandNTDg5dG0wd1ZkZ1lWdlpUZHRkSmZkMUpCT2JUd0dWNVhnOFNtOVhjcEpubG1OY1dlVGsxb2ZOYjdDUDdVQWtCaUNud1lpdTZDSUF4eGF6MUltMXNFd1dUNnRBT2Y1WGZrVDN6V3JURExKZW4tcmtKenBMV0pxTXYtaUdjTjR4UjNxYUVRWmstV0t1ZWVZV2NtNC14eHd0aXpnelJGLVdsLTQxUGVxNXNjTGdQSU5jemJjYmQ5ZGpIX1R5dVFtZw?oc=5) |
| CNBC | Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin | [Source Link](https://news.google.com/rss/articles/CBMingFBVV95cUxNb3c1QlhPRUYzSWNXcTNuVFAzSUs3bE5PSjZmeEt2S0JZMm9BSWppR0FhdFpGbHhvX3cxTHNMZDZkOE9VanN4TVdjS1BYRmdBc21FSnNlRjd4SmZ1WkhNaGhZeHF4UWxDTHVjaV9CU2NlNnhlb0ZyOFRULWNvX096azd6NnZxTE51b2xVdDVmbTFwYVhWWk04YjZzWER4QdIBowFBVV95cUxNcU9pQnlKRUgwdlB5anpvM1lHMGljYjNGc1owdE1PUE9rUHJTYUF5RGszcEZ1QUtvRnBQcmp4eUd1XzJYOUZlU3I5ZGdSZjBYR0p3M1BLQV8yZmpfNUphWUcyZHZ3VDBWNWQ4ejh1WkpTRmJyVk5aQ3pYSFFuckFkUkRxUmcwcGxQZUF3U0g0MUlkc1AzdF90c2FCa3F1QlV6eDRB?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-07-09/goldman-sachs-wins-70-billion-in-asset-management-deals-with-verizon-lockheed*