Lockheed Martin Beats the Street

On January 22nd Lockheed Martin reported its fourth quarter results. Bloggingstocks.com has an article here about it. The company came in at $2.05 a share well over the $1.92 projected. Like many companies it is saying 2009 could be flat particularly due to pensions. The company had earnings of over $800 million for the quarter on revenue of over $11 billion the Associated Press reported. Lockheed Martin is now the Pentagon's biggest contractor.