Lockheed Martin Nets 16 Percent

Lockheed Martin Corporation [NYSE: LMT] today reported third quarter 2007 net earnings of $766 million ($1.80 per diluted share), compared to $629 million ($1.46 per diluted share) in 2006. Net sales were $11.1 billion, a 16% increase over third quarter 2006 sales of $9.6 billion. Cash from operations for the third quarter of 2007 was $935 million, compared to $652 million in 2006. Net earnings for the nine months ended September 30, 2007 were $2.2 billion ($5.21 per share), compared to $1.8 billion ($4.12 per share) in 2006. Net sales for the nine months ended September 30, 2007 were $31.0 billion, compared to $28.8 billion in 2006. Cash from operations for the nine months ended September 30, 2007 was $3.8 billion, compared to $3.5 billion in 2006—Bethesda, Maryland