By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a sharp decline in third quarter earnings largely due to a hefty charge stemming from a previously announced voluntary executive separation program as well as other corporate expenses, leading the defense contractor to also lower its earnings guidance for the year. The company also provided a general outline for 2011 expectations, saying earnings would be flat while sales would increase in the low single digits. The weak outlook for next year stems…
Executive Separation Charge Helps Drag Down Lockheed Martin’s Earnings
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