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, June 4
Europe advances Pu-238 supply chain for deep space
ESA — 5:43 am ET (0943 GMT) SpaceX Launches 24 Starlink Satellites from Vandenberg SFB Wednesday Morning
Santa Barbara (CA) Edhat — 5:42 am ET (0942 GMT) U.S. Space Force to build new facility, move acquisition unit and expand officer training course in Colorado, lawmaker says
Aerospace America — 5:39 am ET (0939 GMT) Hatcher takes command at Space Forces Korea
US Space Force — 5:38 am ET (0938 GMT) France opens Space Command to Japanese officer as ties deepen under new road map
Japan Times — 5:38 am ET (0938 GMT) |
