Vance Coffman
Vance Coffman
aircraft below commercial delays earnings growth issues military overall performance reflecting sales space
Overall sales and earnings growth were below our expectations, reflecting performance issues as well as delays of commercial space launches and military aircraft deliveries from 1998 into 1999.
cash deeply earnings generation level outlook reduced
We are deeply disappointed with this reduced outlook for our company. This level of earnings and cash generation is unacceptable for Lockheed Martin.
achieved believe customers improving meaningful pleased progress quarter strides toward value
We are pleased with the progress achieved in the first quarter and believe we have made meaningful strides toward improving value for our customers and shareholders.