Lockheed Martin 2002 Annual Report Download - page 77

EIGHTY-FOUR
Lockheed Martin Corporation
FORWARD-LOOKING STATEMENTS—SAFE HARBOR PROVISIONS
December 31, 2002
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 the Securities Act of 1933 and the Securities Exchange Act of 1934. The
words “believe,” “estimate,” “anticipate,” “project,” “intend,” “expect,” “plan,” “outlook,” “forecast” and similar expressions are
intended to identify forward-looking statements. Numerous factors, including potentially the following factors, could affect the
Corporation’s forward-looking statements and actual performance: the ability to obtain or the timing of obtaining future govern-
ment awards; the availability of government funding and customer requirements both domestically and internationally; changes
in government or customer priorities due to program reviews or revisions to strategic objectives (including changes in priorities
to respond to terrorist threats or to improve homeland security); the level of returns on pension and retirement plan assets; the
termination of programs or contracts for convenience by customers; difficulties in developing and producing operationally
advanced technology systems; launch failures and potential problems that might result, including potential loss of future or exist-
ing orders; the ability to procure insurance to cover operational and contractual risks, including launch and satellite failures,on
commercially reasonable terms; the competitive environment (including continued pricing pressures associated with commercial
satellites and launch services); the ability to achieve savings through cost-cutting and other financial management programs; eco-
nomic business and political conditions both domestically and internationally; government import and export policies; program
performance and the timing of contract payments (including the ability to perform fixed-price contracts within estimated costs,
subcontractor performance, and the timing of product deliveries and customer acceptance); and the outcome of contingencies
(including completion of acquisitions and divestitures, litigation and environmental remediation efforts).
Realization of the value of the Corporation’s investments in equity securities, or related equity earnings for a given period,
may be affected by the investee’s ability to obtain adequate funding and execute its business plan, general market conditions,
industry considerations specific to the investee’s business, and/or other factors.
For a discussion identifying additional important factors that could cause actual results to vary materially from those antici-
pated in the forward-looking statements, see the Corporation’s filings with the Securities and Exchange Commission including,
but not limited to, the discussion of “Government Contracts and Regulation” and “Risk Factors and Forward-Looking
Statements” on pages 19 through 20 and pages 23 through 28, respectively, of the Corporation’s Annual Report on Form 10-K
for the year ended December 31, 2002 (Form 10-K), “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” on pages 26 through 48 of this Annual Report, and “Note 1—Summary of Significant Accounting Policies,” “Note
2—Exit from The Global Telecommunications Services Business,” and “Note 15—Commitments and Contingencies” of the
Notes to Consolidated Financial Statements of the Audited Consolidated Financial Statements on pages 55 through 59, pages 59
through 61, and pages 72 through 74, 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-looking 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.