Lockheed order backlog to cushion tough 2012

Reuters - Lockheed Martin Corp , the Pentagon's largest supplier, forecast broadly flat sales and operating profit for 2012, with a record high order backlog helping it to cope with cuts in U.S. defense spending.

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's largest supplier, said on Tuesday it could face hundreds of millions of dollars in business claims from suppliers if $500 billion in additional defense spending cuts take effect in January, as currently mandated.

By Andrea Shalal-Esa WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's largest supplier and maker of the new F-35 Joint Strike Fighter, has named Orlando Carvalho the new head of aeronautics in place of Larry Lawson, the defense contractor said on Monday. Carvalho, 54, will take over immediately as executive vice president of the aeronautics business area. Lawson, 55, was set to retire on April 5, after 26 years with Lockheed. ...

WASHINGTON (Reuters) - North Korea's launch this week of a long-range rocket may have sparked an outcry across much of the globe but the anxieties it has provoked could mean more business for Lockheed Martin Corp, the world's largest arms maker. Lockheed, the Pentagon's No. 1 supplier by sales, makes a wider range of missile shields that have been successfully tested than "anybody else on this planet," Robert Stevens, the company's chief executive, told Reuters on Thursday. ...

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's largest supplier and maker of the new F-35 Joint Strike Fighter, has named Orlando Carvalho the new head of aeronautics in place of Larry Lawson, the defense contractor said on Monday.