Lockheed Martin 1999 Annual Report Download - page 62

This Annual Report contains statements which, to the extent that
they are not recitations of historical fact, constitute “forward-looking
statements” within the meaning of Section 27A of the Securities
Act of 1933, as amended (the “Securities Act”) and Section 21E
of the Securities Exchange Act of 1934 (the “Exchange Act”). The
words “estimate,” “anticipate,” “project,” “intend,” “expect,” and
similar expressions are intended to identify forward-looking state-
ments. All forward-looking statements involve risks and uncertain-
ties, including, without limitation, statements and assumptions with
respect to future revenues, program performance and cash flows,
the outcome of contingencies including litigation and environmen-
tal remediation, and anticipated costs of capital investments and
planned dispositions. Our operations are necessarily subject to var-
ious risks and uncertainties and, therefore, actual outcomes are
dependent upon many factors, including, without limitation, our
successful performance of internal plans and reorganization efforts;
the timely outcome of legislation and other agency actions required
in order to consummate the transaction with COMSAT; government
customers’ budgetary constraints and the timing of awards and
contracts; customer changes in short-range and long-range plans;
domestic and international competition in the defense, space and
commercial areas; continued development and acceptance of new
products; timing and customer acceptance of product delivery and
launches; product performance; performance issues with the U.S.
Government, key suppliers and subcontractors; government import
and export policies; termination of government contracts; the out-
come of political and legal processes; the outcome of contingen-
cies, including completion of acquisitions and divestitures, and
litigation and environmental remediation; legal, financial, and
governmental risks related to international transactions and global
needs for military and commercial aircraft and electronic systems
and support; as well as other economic, political and technological
risks and uncertainties. Readers are cautioned not to place undue
reliance on these forward-looking statements which speak only as
of the date of this Annual Report. The Corporation does not under-
take any obligation to publicly release any revisions to these for-
ward-looking statements to reflect events, circumstances or changes
in expectations after the date of this Annual Report, or to reflect the
occurrence of unanticipated events. The forward-looking statements
in this document are intended to be subject to the safe harbor pro-
tection provided by Sections 27A of the Securities Act and 21E of
the Exchange Act.
For a discussion identifying some important factors that could
cause actual results to vary materially from those anticipated in
the forward-looking statements, see the Corporation’s Securities
and Exchange Commission filings including, but not limited to, the
discussion of the “Transaction Agreement with COMSAT Corpora-
tion,” the discussion of “Competition and Risk” and the discussion
of “Government Contracts and Regulations” on pages 3 through 6,
pages 23 through 26 and pages 26 through 28, respectively,
of the Corporation’s Annual Report on Form 10-K for the fiscal
year ended December 31, 1999 (Form 10-K); “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” on pages 21 through 37 of this Annual Report, and
“Note 1—Summary of Significant Accounting Policies,” “Note 2—
Transaction Agreement with COMSAT Corporation” and “Note
16—Commitments and Contingencies” of the Notes to Consoli-
dated Financial Statements on pages 44 through 47, pages 47
through 48 and pages 59 through 61, respectively, of the Audited
Consolidated Financial Statements included in this Annual Report
and incorporated by reference into the Form 10-K.
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