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Lockheed Martin: Module 10

Lockheed Martin: Module 10. Devin Sheehan. Lockheed Martin Background. Aeronautics (31.69% of Sales) F-22 Raptor, C-130 Hercules, U-2 Spy Plane Information Systems and Global Solutions (18.75% of Sales) Cyber Security and Battlefield Intel Missiles and Fire Control (15.80% of Sales)

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Lockheed Martin: Module 10

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  1. Lockheed Martin: Module 10 Devin Sheehan

  2. Lockheed Martin Background • Aeronautics (31.69%of Sales) • F-22 Raptor, C-130 Hercules, U-2 Spy Plane • Information Systems and Global Solutions (18.75%of Sales) • Cyber Security and Battlefield Intel • Missiles and Fire Control (15.80%of Sales) • HellFire Missile and Javelin Missile • Mission Systems and Training (16.06%of Sales) • Integrated Warfare Systems & Sensors (IWSS) • Space (17.69%of Sales) • commercial and military satellites, space probes, missile defense systems

  3. Lockheed Martin Background cont.

  4. F-35 Lightning II-Partners

  5. Segments-Sales

  6. Segments-Margin

  7. Tax Footnote

  8. Tax Footnote

  9. Pensions

  10. Debt

  11. Goodwill-Acquisitions • We paid $269 million and $259 million in 2013 and 2012 for acquisition activities. Acquisitions in 2013 primarily related to the acquisition of Amor Group, a United Kingdom-based company specializing in information technology, civil government services, and the energy market and has been included in our IS&GS business segment. Acquisitions in 2012 primarily related to the acquisitions of Chandler/May, CDL, and Procerus, and each has been included within our MST business segment. These companies specialize in the design, development, manufacturing, control, and support of advanced unmanned systems. In 2011, we paid $624 million for acquisition activities including the acquisitions of QTC Holdings Inc. (QTC), which provides outsourced medical evaluation services to the U.S. Government, and Sim-Industries B.V. (Sim-Industries), a commercial aviation simulation company. QTC has been included within our IS&GS business segment, and Sim-Industries has been included within our MST business segment. • We have accounted for the acquisitions of businesses under the acquisition method, which required us to measure all of the assets acquired and liabilities assumed at their acquisition-date fair values. Purchase allocations related to the acquisitions discussed above resulted in recording goodwill aggregating $175 million in 2013, $197 million in 2012, and $547 million in 2011. Of the amounts recorded in 2012 and 2011, $69 million and $113 million will be amortized for tax purposes. Additionally, purchase allocations related to the 2011 acquisitions above resulted in recording $133 million of other intangible assets, primarily relating to the value of customer relationships and trade names we acquired.

  12. Conclusion • Further analysis of the footnote allowed me to refine a few estimates • EPM 7% to 7.5% • EATO 225% to 245% • Sales (no change) • Also provided me with an expanded balance sheet

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