Lockheed Martin flies high

Manufacturing News, Source : TheManufacturer.com
Published : 25 Oct 2005 21:17

US defense contractor Lockheed Martin today reported third-quarter net earnings of $427 million, up sharply from $307 million in 2004.

Net sales were $9.2 billion, a nine percent increase over sales of $8.4 billion during the same period in 2004.

“We have consistently driven operational performance to higher levels throughout each quarter this year, highlighted by strong growth in our net earnings,” said Bob Stevens, Lockheed martin’s chairman, president, and CEO. “Additionally, every business segment has contributed to the enterprise-wide focus on improving the returns on our investment base. As a result, our return on invested capital is expected to exceed 15 percent in 2005.”

Lockheed Martin’s business areas include aeronautics, electronic systems, information and technology services, integrated systems, and space systems. It employs 130,000 employees worldwide, and had 2004 sales of $35.5 billion.

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