Lockheed Martin announces sales increase

Advanced technology company Lockheed Martin has reported first-quarter 2010 net sales of $10.6bn, a three per cent increase from the $10.4bn acquired in 2009.

Net earnings for the first quarter of 2010 were $547m – or $1.45 per diluted share – compared with $666m – or $1.68 per diluted share – in 2009.

Cash from operations in the first quarter of 2010 amounted to $1.6bn, compared with $1.2bn in 2009.