Lockheed reports increased space profit
Posted: Wed, Apr 27, 2005, 11:01 AM ET (1501 GMT)
Lockheed Martin reported Tuesday an increase in revenue and profits for its space division in the first quarter. The company reported an operating profit of $153 million on net sales of $1.66 billion in the first quarter of 2005. By comparison, the company reported an operating profit of $120 million on net sales of $1.58 billion in the same quarter of 2004. The company attributed improved performance on its government satellite contracts for its increased sales and profits. Profit for its launch services division was slightly lower than last year even though the company had a "more profitable" Proton launch this quarter.
Lockheed Martin reported Tuesday an increase in revenue and profits for its space division in the first quarter. The company reported an operating profit of $153 million on net sales of $1.66 billion in the first quarter of 2005. By comparison, the company reported an operating profit of $120 million on net sales of $1.58 billion in the same quarter of 2004. The company attributed improved performance on its government satellite contracts for its increased sales and profits. Profit for its launch services division was slightly lower than last year even though the company had a "more profitable" Proton launch this quarter.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Thursday, March 19
Firefly Aerospace Selected for the 2025 Robert J. Collier Trophy
National Aeronautic Association — 5:22 am ET (0922 GMT) Satellite development begins for EUMETSAT Polar System – Sterna
EUMETSAT — 5:22 am ET (0922 GMT) Minotaur IV rocket motor stacking at Vandenberg's Space Launch Complex-8
US Space Force — 5:20 am ET (0920 GMT) MDA Space awarded contract with Canadian Department of National Defence to deliver Ground-Based Optical Capability for Space Surveillance
MDA — 5:18 am ET (0918 GMT) Rocket Lab wins record contract with US Department of War
Radio New Zealand — 5:17 am ET (0917 GMT) |
