Lockheed Martin suffered net loss of $519 million in 2000 after $...
Lockheed Martin suffered net loss of $519 million in 2000 after $319 million profit in 1999, on $980 million loss related to sale of Aerospace Electronics Systems and $91 million of write-off of Globalstar debt. Net earnings in 4th…
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quarter were $89 million, down from $293 million. Net sales increased slightly to $7.6 billion in 4th quarter from $7 billion year ago. Lockheed did generate record cash flow of $265 million in 4th quarter and $1.8 billion for 2000. Company predicted earnings per share would grow by at least 20% in year.