Lockheed Martin 2005 Annual Report Download - page 80

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   
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฀ federal฀ securities฀ laws.฀ The฀ words฀ “believe,”฀ “estimate,”฀ “anticipate,”฀฀
“project,”฀“intend,”฀“expect,”฀“plan,”฀“outlook,”฀“forecast”฀and฀similar฀expressions฀are฀intended฀to฀identify฀forward-looking฀state-
ments.฀Numerous฀factors,฀including฀potentially฀the฀following฀factors,฀could฀affect฀the฀Corporation’s฀forward-looking฀statements฀
and฀actual฀performance:฀the฀availability฀of฀government฀funding฀for฀our฀products฀and฀services฀both฀domestically฀and฀internation-
ally;฀changes฀in฀government฀and฀customer฀priorities฀and฀requirements฀(including฀changes฀to฀respond฀to฀Department฀of฀Defense฀
reviews,฀Congressional฀actions,฀budgetary฀constraints,฀cost-cutting฀initiatives,฀terrorist฀threats฀and฀homeland฀security);฀the฀impact฀
of฀continued฀military฀ operations฀in฀Iraq฀and฀Afghanistan฀and฀spending฀for฀disaster฀relief฀on฀ funding฀for฀existing฀defense฀pro-
grams;฀the฀award฀or฀termination฀of฀contracts;฀difficulties฀in฀developing฀and฀producing฀operationally฀advanced฀technology฀sys-
tems;฀ the฀ timing฀ and฀ customer฀ acceptance฀ of฀ product฀ deliveries;฀ performance฀ issues฀ with฀ key฀ suppliers,฀ subcontractors฀ and฀
customers;฀return฀on฀pension฀plan฀assets,฀interest฀and฀discount฀rates,฀and฀other฀changes฀that฀may฀impact฀pension฀plan฀assump-
tions;฀charges฀from฀any฀future฀impairment฀reviews฀that฀may฀result฀in฀the฀recognition฀of฀losses,฀and฀a฀reduction฀in฀the฀book฀value฀
of฀goodwill฀or฀other฀long-term฀assets;฀the฀future฀impact฀ of฀legislation฀or฀changes฀in฀accounting฀or฀tax฀rules,฀interpretations฀or฀
pronouncements;฀the฀future฀impact฀of฀acquisitions฀or฀divestitures,฀joint฀ventures฀or฀teaming฀arrangements;฀the฀outcome฀of฀legal฀
proceedings฀and฀other฀contingencies฀(including฀lawsuits,฀government฀investigations฀or฀audits,฀government฀or฀regulatory฀approvals,฀
and฀environmental฀remediation฀efforts);฀the฀competitive฀environment฀for฀the฀Corporation’s฀products฀and฀services;฀and฀economic,฀
business฀and฀political฀conditions฀domestically฀and฀internationally.฀
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฀SEC฀including,฀but฀not฀limited฀to,฀the฀discussion฀of฀
“Government฀Contracts฀and฀Regulation”฀and฀“Risk฀Factors”฀on฀page฀22฀and฀on฀pages฀24฀through฀32฀of฀the฀Corporation’s฀Annual฀
Report฀on฀Form฀10-K฀for฀the฀year฀ended฀December฀31,฀2005฀(Form฀10-K),฀“Management’s฀Discussion฀and฀Analysis฀of฀Financial฀
Condition฀ and฀ Results฀ of฀ Operations”฀ on฀ pages฀ 17฀ through฀ 40฀ of฀ this฀ Annual฀ Report,฀ and฀ “Note฀ 1—Significant฀ Accounting฀
Policies,”฀“Note฀2—Acquisitions฀and฀Divestitures,”฀and฀“Note฀15—Legal฀Proceedings,฀Commitments฀and฀Contingencies”฀of฀the฀
Notes฀to฀Consolidated฀Financial฀Statements฀of฀the฀Audited฀Consolidated฀Financial฀Statements฀on฀pages฀48฀through฀53,฀pages฀53฀
through฀54,฀and฀pages฀66฀through฀68,฀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฀projec-
tions.฀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฀subse-
quent฀ 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