Lockheed Martin Announces 2nd Quarter Results

SPACEMART

by Staff Writers
Bethesda MD (SPX) Jul 25, 2006
Lockheed Martin reported Tuesday its second quarter net earnings were $580 million ($1.34 per diluted share) compared to $461 million ($1.02 per diluted share) in 2005. Net sales were $10.0 billion, a 7 percent increase over second quarter 2005 sales of $9.3 billion. Cash from operations for the second quarter of 2006 was $1.6 billion.

Net sales for the first six months of 2006 were $19.2 billion, an 8 percent increase over the $17.8 billion recorded in the comparable 2005 period.

Net earnings for the six months ended June 30 were $1.2 billion ($2.68 per share) compared to $830 million ($1.85 per share) in 2005. Cash from operations for the first half of 2006 was $2.8 billion.

"All of our employees continue to focus on meeting customer commitments, capturing new orders, improving productivity and generating cash," said Bob Stevens, the company chairman, president and CEO.

"Our results reflect excellent operational and financial performance across all business areas. This performance enabled us to increase our 2006 financial outlook, as we drive toward our long standing goal of double-digit operating margins," Stevens added.

Community
Email This Article
Comment On This Article

Related Links
Lockheed Martin
The latest information about the Commercial Satellite Industry

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

SPACEMART

Intersputnik To Build Earth Stations For Golden Telecom Network

Moscow, Russia (SPX) Jul 24, 2006
Intersputnik Holding, a subsidiary of the Intersputnik International Organization of Space Communications, won a tender to design, build and put into operation satellite Earth stations for Golden Telecom satellite network in the territory of the Russian Federation.

ENERGY TECH Fuel Cells, A Neglected Clean Source Of Energy European retirees creating a boom market for Thai property Exiled Tibetan government warns against increased mining Greenland Begins Sale Of Oil Concessions	CIVIL NUCLEAR US-India Nuke Deal Revisited Environmentalists Arrested In Russia After Anti-Nuclear Protest US May Ask Russian Help With Nuke Waste IAEA Chief Cautions Turkey Over Nuclear Energy Plans
BLUE SKY NASA Experiment Finds Possible Trigger For Radio-Busting Bubbles California's Model Skies ESA Picks SSTL To Develop Atmospheric CO2 Detector Faster Atmospheric Warming In Subtropics Pushes Jet Streams Toward Poles	WOOD PILE Malaysia And Indonesia Join Forces To Dampen Haze Problem Fires Rage In Indonesian Borneo And Sumatra WWF Warns Over Pulp Giant In Indonesia World Bank Vows To Improve Forestry Program In Cambodia
FARM NEWS Smog Damage To Crops Costing Billions WWF Reports That Bluefin Tuna Fishery Threatened In East Atlantic Reducing The Global Need For Nitrogen Fertilizers Food-Crop Yields In Future Greenhouse-Gas Conditions Lower Than Expected	CAR TECH Toyota To Expand Hybrid Car Range In US Ford First To Offer Clean-Burning Hydrogen Vehicles Smart Cars To Rule The Roads Nano Replacement For Petroleum
AEROSPACE Boeing Puts Aircraft Market At 2.6 Trillion Dollars Innovative Solutions Make Transportation Systems Safer Secure and Efficient Joint Strike Fighter Is Not Flawed Finds Australian Government Globemaster Airdrops Falcon Small Launch Vehicle	NUCLEAR SPACE Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear NASA plans to send new robot to Jupiter Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission Boeing Selects Leader for Nuclear Space Systems Program

The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement