Lockheed Martin 2004 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2004 Lockheed Martin annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 78

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78

Lockheed Martin Corporation
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004
66
•Integrated Systems & Solutions — Engaged in the design,
research, development, integration and management of
net-centric solutions supporting the command, control,
communications, computers, intelligence, surveillance and
reconnaissance (C4ISR) activities of the U.S. Department
of Defense (DoD), intelligence agencies, other federal
agencies and allied countries. IS&S provides technology,
full life-cycle support and highly specialized talent in the
areas of software and systems engineering, including
expertise in space, air and ground systems. IS&S serves as
the Corporation’s focal point for customers with joint and
net-centric operations requiring overarching architectures,
horizontal systems integration, software development and
inter-connected capabilities for the gathering, processing,
storage and delivery of on-demand information for mission
management, modeling, simulation and large-scale systems
integration. In that role, IS&S operates the Center for
Innovation, a newly established facility for modeling and
simulation.
•Information & Technology Services — Engaged in a wide
array of information technology (IT), IT-related, and other
technology services to federal agencies and other cus-
tomers. Major product lines include: information technolo-
gy integration and management; enterprise solutions,
application development, maintenance, and consulting for
strategic programs for the DoD and civil government agen-
cies; aircraft and engine maintenance and modification
services; management, operation, maintenance, training,
and logistics support for military, homeland security and
civilian systems; launch, mission, and analysis services for
military, classified and commercial satellites; engineering,
science and information services for NASA; and research,
development, engineering and science in support of nuclear
weapons stewardship and naval reactor programs.
Selected Financial Data by Business Segment
(In millions) 2004 2003 2002
NET SALES
Aeronautics $11,781 $10,202 $ 6,471
Electronic Systems 9,724 8,991 8,685
Space Systems 6,357 6,021 5,287
Integrated Systems & Solutions 3,850 3,420 3,015
Information & Technology Services 3,801 3,174 3,104
Total business segments 35,513 31,808 26,562
Other 13 16 16
$35,526 $31,824 $26,578
OPERATING PROFIT (a)
Aeronautics $ 899 $ 690 $ 448
Electronic Systems 969 858 875
Space Systems 489 403 279
Integrated Systems & Solutions 334 291 241
Information & Technology Services 285 226 177
Total business segments 2,976 2,468 2,020
Net unallocated Corporate expense(b) (887) (449) (862)
$ 2,089 $ 2,019 $ 1,158
INTERSEGMENT REVENUE
Aeronautics $73$41$28
Electronic Systems 579 550 338
Space Systems 207 134 147
Integrated Systems & Solutions 553 471 272
Information & Technology Services 730 765 707
Total business segments 2,142 1,961 1,492
Other 104 83 75
$ 2,246 $ 2,044 $ 1,567
DEPRECIATION AND
AMORTIZATION OF PROPERTY,
PLANT AND EQUIPMENT
Aeronautics $ 105 $89$74
Electronic Systems 162 160 153
Space Systems 134 120 108
Integrated Systems & Solutions 28 29 34
Information & Technology Services 40 42 36
Total business segments 469 440 405
Other 42 40 28
$ 511 $ 480 $ 433