Lockheed Martin 2004 Annual Report Download - page 76

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74
Statements in this Annual Report that, to the extent that they are not recitations of historical fact, are “forward-looking state-
ments,” within the meaning of the federal securities laws, and are based on Lockheed Martin’s current expectations and assumptions.
The words “believe,” “estimate,” “anticipate,” “project,” “intend,” “expect,” “plan,” “outlook,” “forecast” and similar expressions are
intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks
and uncertainties. Actual results could differ materially because of factors such as: the availability of government funding for our
products and services both domestically and internationally; changes in government and customer priorities and requirements
(including changes to respond to budgetary constraints and cost-cutting initiatives, terrorist threats and homeland security); the
impact of continued military operations in Iraq and Afghanistan, as well as other competing budget priorities on funding for exist-
ing defense programs; the award or termination of contracts; difficulties in developing and producing operationally advanced tech-
nology systems; the timing and customer acceptance of product deliveries; performance issues with key suppliers, subcontractors
and customers; financial market and other changes that may impact pension plan assumptions; charges from any future impairment
reviews that may result in the recognition of losses and a reduction in the book value of investments, goodwill or other long-term
assets; the future impact of legislation or changes in accounting or tax rules or pronouncements; the future impact of acquisitions
or divestitures, joint ventures or teaming arrangements; the outcome of legal proceedings and other contingencies (including law-
suits, government investigations or audits, and environmental remediation efforts); the competitive environment for defense and
information technology products and services; and economic, business and political conditions domestically and internationally.
These are only some of the factors that may affect the forward-looking statements contained in this Annual Report. For a dis-
cussion identifying additional important factors that could cause actual results to vary materially from those anticipated in the for-
ward-looking statements, see the Corporation’s filings with the SEC including, but not limited to, the discussion of “Government
Contracts and Regulation” and “Risk Factors and Forward-Looking Statements” on page 15 and on pages 17 through 21 of the
Corporation’s Annual Report on Form 10-K for the year ended December 31, 2004 (Form 10-K), “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” on pages 17 through 38 of this Annual Report, and “Note 1 —
Significant Accounting Policies,” “Note 2 — Acquisitions and Divestitures,” and “Note 14 — Legal Proceedings, Commitments
and Contingencies” of the Notes to Consolidated Financial Statements of the Audited Consolidated Financial Statements on pages
46 through 51, and pages 62 through 64, respectively, included in this Annual Report and included in the Form 10-K.
The Corporation’s actual financial results likely will be different from those projected due to the inherent nature of projections.
Given these uncertainties, you should not rely on forward-looking statements in making investment decisions. The forward-look-
ing statements contained in this Annual Report speak only as of the date of the Report. The Corporation expressly disclaims a duty
to provide updates to forward-looking statements after the date of this Annual Report to reflect the occurrence of subsequent events,
changed circumstances, changes in its expectations, or the estimates and assumptions associated with them. The forward-looking
statements in this Annual Report are intended to be subject to the safe harbor protection provided by the federal securities laws.
Lockheed Martin Corporation
FORWARD-LOOKING STATEMENTS — SAFE HARBOR PROVISIONS