Tuesday, April 21, 2009

Lockheed Martin 1Q report

Lockheed Martin Corp. reported first quarter 2009 net earnings of $666 million compared to $730 million in 2008. Net sales for the first quarter of 2009 were $10.4 billion, compared to $10.0 billion in 2008. Cash from operations for the first quarter of 2009 was $1.2 billion, compared to $880 million in 2008. (Source: Lockheed Martin, 04/21/09) Gulf Coast note: Lockheed Martin has multiple operations in the Gulf Coast region