Lockheed Martin announces first quarter 2009 results

Lockheed Martin Corporation reported first quarter 2009 net earnings of $666 million compared to $730 million in 2008. Net earnings in 2009 included higher pension expense as previously disclosed in the January 22, 2009 earnings release and in the 2008 Form 10-K. In 2009, the FAS/CAS pension adjustment was ($114) million, which decreased net earnings by $74 million. In 2008, the FAS/CAS pension adjustment was $32 million, which increased net earnings by $21 million.