Lockheed Martin posts flat earnings, raises forecast Bethesda-based Lockheed Martin Corp. reported relatively flat earnings in the first quarter, but raised its annual forecast due to a favorable tax settlement.

Lockheed Martin, the Washington area’s largest private employer with 22,500 workers in the D.C. area, reported net income in the first three months of 2011 of $530 million, or $1.50 per diluted share, compared with $533 million, or $1.41 per diluted share, in the year-ago period.

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