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Business/Financial

Lockheed Martin’s Earnings Edge Up, But Outlook Disappoints

DDN

Wednesday, October 22nd, 2008

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By Calvin Biesecker Lockheed Martin [LMT] yesterday reported a slight increase in third quarter earnings on improved operating performance that raised margins, overcoming a modest decline in sales. But the news for investors appears to have been a weaker than expected earnings forecast for 2009 from the nation's largest defense contractor. Those projections tripped up Lockheed Martin's stock price, which tumbled nearly 10 percent to close yesterday at $84.19, down $9.03. Analysts are expecting the company to earn about $8.39…

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Congress

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Army

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Congress

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