Lockheed Martin 2015 Annual Report Download - page 7

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2015 Annual Report
V
ƉƌĞƉĂƌĞƚŚĞŝƌƉŝůŽƚƐĨŽƌĨŝĨƚŚŐĞŶĞƌĂƚŝŽŶƉůĂƚĨŽƌŵƐůŝŬĞ
ƚŚĞ&Ͳϯϱ͘/ĨĂůůŽƉƚŝŽŶƐĂƌĞĞdžĞƌĐŝƐĞĚ͕ƚŚŝƐĂŐƌĞĞŵĞŶƚ
ǁŽƵůĚďĞƚŚĞůĂƌŐĞƐƚƚƌĂŝŶŝŶŐĐŽŶƚƌĂĐƚƚŽĚĂƚĞĨŽƌƚŚĞ
ƚƌĂŝŶŝŶŐďƵƐŝŶĞƐƐŝŶDŝƐƐŝŽŶ^LJƐƚĞŵƐĂŶĚdƌĂŝŶŝŶŐ͕
and supports our international growth strategy in
ƵƐƚƌĂůŝĂ͘
ƐǁĞĐŽŶƚŝŶƵĞĚƚŽŐƌŽǁŽƵƌŶŽŶͲh͘^͘ƌĞǀĞŶƵĞƐ͕
ǁĞ͛ǀĞĂůƐŽĞdžƉĂŶĚĞĚŽƵƌƉƌĞƐĞŶĐĞŝŶĂŶƵŵďĞƌŽĨ
ŬĞLJƌĞŐŝŽŶƐ͘KǀĞƌƚŚĞƉĂƐƚLJĞĂƌ͕ǁĞ͛ǀĞŽƉĞŶĞĚŶĞǁ
ĨĂĐŝůŝƚŝĞƐŝŶƚŚĞhŶŝƚĞĚ<ŝŶŐĚŽŵ͕ƵƐƚƌĂůŝĂ͕ƚŚĞhŶŝƚĞĚ
ƌĂďŵŝƌĂƚĞƐ͕ĂŶĂĚĂĂŶĚYĂƚĂƌ͘KƵƌĞdžƉĂŶĚŝŶŐ
presence in these nations helps us to strengthen our
ƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĐƵƐƚŽŵĞƌƐŝŶƚŚĞƌĞŐŝŽŶĂŶĚĂƌŽƵŶĚ
ƚŚĞǁŽƌůĚ͘dŚĞĂĐƋƵŝƐŝƚŝŽŶŽĨ^ŝŬŽƌƐŬLJĂůƐŽĞdžƉĂŶĚĞĚ
ŽƵƌŝŶƚĞƌŶĂƚŝŽŶĂůĨŽŽƚƉƌŝŶƚďLJĂĚĚŝŶŐǁŽƌůĚͲĐůĂƐƐ
facilities and strong relationships in countries with
ŐƌŽǁŝŶŐĚĞŵĂŶĚƐ͘
More than 4,800 Lockheed Martin employees volunteered at more than 140 events around the world during the Month of Giving
in October. Lockheed Martin also raised more than $9 million through workplace giving campaigns.
ŚĂŝƌŵĂŶ͕WƌĞƐŝĚĞŶƚ͕ĂŶĚ
ŚŝĞĨdžĞĐƵƚŝǀĞKĨĨŝĐĞƌ
This letter includes references to segment operating profit, segment margin and free cash flow, which are non-GAAP financial measures.
For reconciliations between our non-GAAP measures and the nearest GAAP measures, please refer to the page preceding the back cover
of this Annual Report. Additionally, this letter includes statements that, to the extent they are not recitations of historical fact, constitute
forward-looking statements within the meaning of the federal securities laws, and are based on Lockheed Martin’s current expectations
and assumptions. For a discussion identifying important factors that could cause actual results to vary materially from those anticipated
in the forward-looking statements, see the Corporation’s filings with the SEC including, but not limited to, “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and “Risk Factors” in the Form 10-K portion of this Annual Report.
LOOKING TO THE FUTURE
KƵƌƐŝŐŶŝĨŝĐĂŶƚĂĐĐŽŵƉůŝƐŚŵĞŶƚƐĂŶĚŽƵƚƐƚĂŶĚŝŶŐ
ƉĞƌĨŽƌŵĂŶĐĞŝŶϮϬϭϱŚĂǀĞƉŽƐŝƚŝŽŶĞĚ>ŽĐŬŚĞĞĚ
DĂƌƚŝŶĨŽƌĐŽŶƚŝŶƵĞĚƐƵĐĐĞƐƐĂŶĚůŽŶŐͲƚĞƌŵŐƌŽǁƚŚ͘
tŝƚŚĂĨŽĐƵƐŽŶĐƌĞĂƚŝŶŐǀĂůƵĞĨŽƌŽƵƌĐƵƐƚŽŵĞƌƐ͕
ĞŵƉůŽLJĞĞƐĂŶĚƐƚŽĐŬŚŽůĚĞƌƐ͕ƚŚĞϭϮϲ͕ϬϬϬŵĞŶĂŶĚ
ǁŽŵĞŶŽĨ>ŽĐŬŚĞĞĚDĂƌƚŝŶĂƌĞƉƌĞƉĂƌĞĚĨŽƌƚŚĞ
ĐŚĂůůĞŶŐĞƐĂŚĞĂĚĂŶĚĞdžĐŝƚĞĚƚŽĞŶŐŝŶĞĞƌĂďĞƚƚĞƌ
ƚŽŵŽƌƌŽǁĨŽƌƚŚĞǁŽƌůĚ͘