October 28, 2003 (by Lieven Dewitte) - Lockheed Martin Corporation today reported third quarter 2003 net sales of $8.1 billion and net earnings of $217 million. Third quarter 2003 results included an after-tax charge of $83 million associated with the early retirement of approximately $970 million of long-term debt.
The F-16 programs contributed $515 million to the quarter-over-quarter increase in sales and $900 million to the year-over-year growth in sales. Twenty-five F- 16's were delivered in the third quarter of 2003, 19 more than in the 2002 period. Forty F-16's were delivered year-to-date, 24 more than in the 2002 period.