Lockheed CFO sees Pentagon sales down 6 pct in 2014
WASHINGTON, April 22
WASHINGTON, April 22 (Reuters) - Lockheed Martin Corp , the Pentagon's biggest supplier, expects to feel the continued effect of U.S. budget cuts in 2014, with domestic military sales likely to drop by six percent after a four percent drop in 2013, Chief Financial Office Bruce Tanner told reporters on Tuesday.
Tanner said Lockheed expected additional orders for the F-35 fighter jet - the company's single biggest program - from Australia, South Korea, Israel and Singapore, but he did not expect those orders to close in 2014.
He said he expected a first quarter swing to pension income, that had helped buoy earnings, to continue for rest of year. (Reporting by Andrea Shalal, Editing by Franklin Paul)
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- iPhone comes out of a 'bygone era', reviewers hail bigger handset
- Polls show Scottish opponents of independence with slight lead ahead of vote |
- Wildfire rips through 150 homes in Northern California
- Fed could hint on rate-hike plans as it prepares for policy turn