Lockheed Martin Corporation (NYSE: LMT) has reported second quarter 2009 net earnings of $734 million ($1.88 per diluted share), compared to $882 million ($2.15 per diluted share) in 2008.
Net earnings in 2009 included higher pension expense as previously disclosed in the Company’s January 22, 2009 earnings release and in their 2008 Form 10-K. In the second quarter of 2009, the FAS/CAS pension adjustment was ($115) million, which decreased net earnings by $75 million ($0.19 per share). The second quarter of 2008 included a FAS/CAS pension adjustment of $32 million and an unusual gain of $85 million, which together increased net earnings by $77 million ($0.19 per share). Net sales for the second quarter of 2009 were $11.2 billion, compared to $11.0 billion in 2008. Cash from operations for the second quarter of 2009 was $1.1 billion, compared to $1.5 billion in 2008. Select this link for the complete financial report in “.pdf” format.
- Skip to primary navigation
- Skip to main content
- Skip to primary sidebar
- Skip to secondary sidebar
- Skip to footer
Satellite Industry Intelligence Since 1983
Footer
Satnews is a leading provider of satellite news, events, publications, research and other satellite industry information in both commercial and military enterprises worldwide.