Tuesday, October 21, 2008

Editorial comment: Forbes article , "Lockheed Defensive About 2009"

Forbes Marketscan today published an article concerning the Q3 briefing from Lockheed Martin which led to a revision of 2009 forecasts and a drop in share price, "Lockheed defensive about 2009".

Defence Industrial Base comment, "Given that Department of Defense budgets for 2007-2011 are set and favor production of equipment over Research & Development one can only look to the issues of debt structuring and pension commitments as the real story behind the write-down in analyst guidance for 2009."

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