Lockheed 4Q profit, sales increase

Lockheed Martin held strong in the fourth quarter of 2008, posting earnings and sales increases as the U.S. economic recession deepened.

“Our results for 2008 reflect excellent operational and financial performance across all areas, despite the difficult economic environment,” Bob Stevens, Lockheed’s chairman, president and chief executive officer, said in a statement. “Our 146,000 dedicated employees demonstrated their unwavering commitment to making Lockheed Martin the world’s premier global security company.”