July 25, 2003 (by Lieven Dewitte) - Lockheed Martin Corporation yesterday reported second quarter 2003 net sales of $7.7 billion, a 23% increase over the second quarter 2002 sales of $6.3 billion.
F-16 deliveries and other contract activities contributed $230 million to the quarter-over-quarter increase in sales and $385 million to the year-over-year growth in sales.
Twelve F-16's were delivered in the second quarter of 2003, seven more than in the 2002 period. Fifteen F-16's were delivered in the first half of 2003, five more than in the 2002 period.
F-16 related second quarter 2003 achievements:
- Awarded a $1.7 billion contract for 48 F-16 aircraft for Poland.
- Received contract awards for 10 F-16s for Chile and 12 F-16s for Oman with a combined value of over $500 million.
- Received a $125 million contract modification for F-16 Software Upgrade for the U.S. Air Force and participating European air forces.