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Lockheed Martin’s Earnings Slide On Healthcare Charge, Dip In Operating Profits

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By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a slight increase in first quarter sales but earnings fell 18 percent primarily due to a charge related to the recently approved federal healthcare bill and also because operating profits declined. The healthcare charge, which was previously disclosed, also led the company to lower its earnings projections for the year. Net income was $547 million, $1.45 earnings per share (EPS), compared to $666 million ($1.68 EPS) a year ago. The charge amounted…

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