Lockheed may be taking $500 million in charges

Article Abstract:

Lockheed Martin Corp. revealed a likelihood that it will assume up to $500 million in one-time costs related to accounting changes in fledgling ventures and to cut its stake in CalComp Technology Inc., a majority-controlled computer-printer concern. Bethesda, MD-based Lockheed has not revealed whether it will assume the accounting-associated expense, amounting from $300 million and $400 million, in 1998 or 1999. The company is still in the process of studying its relationship with Anaheim, CA-based CalComp, but based on preliminary information, the resulting charges related to CalComp could reach between $60 million to $100 million.

Comment:

Reveals a likelihood that it will assume up to $500 mil in one-time costs related to accounting changes & stake in CalComp Tech

United States, Lockheed Martin Corp., Article

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Aerospace industry in Europe extends steady growth; Leaders say restructuring improves cometitiveness

Article Abstract:

This article discusses the increased profitability of the European aerospace industry according to the report of the European Association of Aerospace Industries. Companies had overall an operating profit margin of 7% on revenues of 65.6 euros in 1999 and similar profits are expected for the current year.

Europe, Guided missiles and space vehicles, Guided Missile and Space Vehicle Manufacturing, Space Vehicles, Statistical Data Included, Reports, Brief Article, Spacecraft, European Association of Aerospace Industries

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BAE Systems posts net loss for 2004 following charge

Article Abstract:

BAE SYSTEMS PLC, the United Kingdom defense contractor has posted a net loss of $892 million but reported a greater improvement in cash flow. The company forecasts performance improval in 2005, though at a slower rate of growth than 2004.

United Kingdom, Guided Missiles, Space Vehicles, Parts, Labor Distribution by Employer, Company sales and earnings, Company earnings/profit, BAE SYSTEMS PLC, Company Profile, Company business forecast/projection, Company forecasts

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