Lockheed Martin 2002 Annual Report Download - page 69

SEVENTY-SIX
Lockheed Martin Corporation
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2002
services, launch services, and strategic missiles. In addition,
the segment has investments in joint ventures that are princi-
pally engaged in businesses which complement and enhance
other activities of the segment.
•Aeronautics—Engaged in design, research and development,
systems integration, production and support of advanced
military aircraft and related technologies. Its customers
include the military services of the United States and allied
countries throughout the world. Major products and programs
include the F-16 multi-role fighter, F/A-22 air dominance and
strike fighter, F-35 Joint Strike Fighter, Japanese F-2 combat
aircraft, Korean T-50 advanced trainer, C-130 and C-130J tac-
tical airlift aircraft, C-5 strategic airlift aircraft, and support
for the F-117 stealth fighter and special mission and recon-
naissance aircraft (e.g., Big Safari modifications, and the
P-3 Orion, S-3 Viking and U-2).
•Technology Services—Engaged in a wide array of informa-
tion management, engineering, scientific and logistic services
to federal agencies and other customers. Major product lines
include complete life-cycle software support; information
systems development; information assurance and enterprise
integration for the U.S. Department of Defense, civil govern-
ment agencies and commercial customers; 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.
Consistent with the requirements of FAS 131, “Disclosures
about Segments of an Enterprise and Related Information,” the
following tables of financial data have been adjusted to reflect
the new presentation of its segment operating results noted
above. For financial statement captions presented in the fol-
lowing tables other than “Operating profit (loss),” all activities
other than those pertaining to the principal business segments
will be included on a line item entitled “Other.”
Selected Financial Data by Business Segment
(In millions) 2002 2001 2000
NET SALES
Systems Integration $ 9,603 $ 9,014 $ 9,647
Space Systems 7,384 6,836 7,339
Aeronautics 6,471 5,355 4,885
Technology Services 3,104 2,763 2,649
Total business segments 26,562 23,968 24,520
Other 16 22 21
$26,578 $23,990 $24,541
OPERATING PROFIT (LOSS)
Systems Integration $ 952 $ 906 $ 981
Space Systems 443 360 345
Aeronautics 448 329 280
Technology Services 177 114 106
Total business segments 2,020 1,709 1,712
Unallocated Corporate
expense, net(a) (862) (602) (310)
Impact of FAS 142 adoption —(274) (297)
$ 1,158 $ 833 $ 1,105
INTERSEGMENT REVENUE
Systems Integration $ 331 $ 235 $ 472
Space Systems 148 80 67
Aeronautics 28 52 78
Technology Services 707 814 746
Total business segments 1,214 1,181 1,363
Other 75 77 48
$ 1,289 $ 1,258 $ 1,411
DEPRECIATION AND
AMORTIZATION OF PROPERTY,
PLANT AND EQUIPMENT
Systems Integration $ 159 $ 149 $ 183
Space Systems 136 147 152
Aeronautics 74 84 88
Technology Services 36 22 15
Total business segments 405 402 438
Other 28 23 26
$ 433 $ 425 $ 464