Lockheed Martin Corporation (NYSE: LMT) reported fourth quarter 2009 net earnings of $827 million, ($2.17 per diluted share), compared to $823 million, or $2.05 per diluted share, in 2008.
Net sales for the fourth quarter of 2009 were $12.5 billion, a 13% increase over the $11.1 billion in 2008. Cash from operations in the fourth quarter of 2009 was ($605) million, which included a discretionary contribution of $1.5 billion to our pension trust. Cash from operations in the fourth quarter of 2008 was $997 million, which included a discretionary contribution of $109 million to our pension trust.
According to Lockheed: “For the year ended Dec. 31, 2009, net earnings were $3.0 billion, or $7.78 per share, compared to $3.2 billion, or $7.86 per share, in 2008. Net sales for 2009 were $45.2 billion, a 6% increase over the $42.7 billion in 2008. Cash from operations for 2009 came down to $3.2 billion, which included a discretionary contribution of $1.5 billion to our pension trust. Cash from operations in 2008 was $4.4 billion, which included a discretionary contribution of $109 million to our pension trust. Return on Invested Capital (ROIC) was 19.9% for 2009 compared to 21.7% in 2008.”
“Our achievements in 2009 were numerous and significant while operating in a dynamic business environment, ” said Lockheed Martin Chairman and CEO, Bob Stevens. “The Corporation remains strong, healthy and well-positioned for future growth. As we move into a new decade, we will continue to meet our customers’ most important challenges by offering the innovative products, superior services and strong performance that have made Lockheed Martin the world’s foremost provider of global security solutions.”
