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toddwv

(2,831 posts)
68. From LM's 2009 financial report:
Fri Feb 1, 2013, 01:25 AM
Feb 2013

" Net sales to our U.S Government customer accounted for 85% of our total net sales in 2009 (84% in 2008 and 2007), either as a prime contractor or as a subcontractor. Our U.S. Government sales were made to both Department of Defense (DoD) and non-DoD agencies. Of the remaining 15% of net sales in 2009, approximately 13% related to sales to foreign government customers (including foreign military sales funded, in whole or in part, by the U.S. Government), with the remainder attributable to commercial and other customers. "

http://www.lockheedmartin.com/content/dam/lockheed/data/corporate/documents/2009-Annual-report.pdf

LM's 2010 Annual Report:

"In 2010, 84% of our $45.8 billion in net sales were made to the U.S. Government. Approximately 60% of our net sales were made to the Department of Defense (DoD), with approximately 24% attributable to non-DoD agencies. Sales to foreign governments (including foreign military sales funded, in whole or in part, by the U.S. Government) amounted to 15% of net sales in 2010. The remainder of our net sales was attributable to commercial and other customers. Our main areas of focus are in defense, space, intelligence, homeland security, and government information technology."

http://www.lockheedmartin.com/content/dam/lockheed/data/corporate/documents/2010-LM-annual-report.pdf

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THAT's where the cuts need to be.. Voice for Peace Jan 2013 #1
Precisely Sherman A1 Jan 2013 #2
That's one of the reasons the war has lasted so long and that glowing Jan 2013 #4
Perpetual war. Great for the economy. TrollBuster9090 Jan 2013 #7
Instead of making weapons of war, the government could heavily subsidize truth2power Jan 2013 #21
And the tripe they waste ur money on Nuclear Unicorn Jan 2013 #22
I've been involved in projects that use LTP... reACTIONary Jan 2013 #59
Wrong information Bucko! tavalon Feb 2013 #71
Ground source heat pump, or actual geothermal? RC Jan 2013 #47
I really didn't know that.... truth2power Feb 2013 #75
It is just marketing. RC Feb 2013 #77
That, and by the very nature of war hogwyld Jan 2013 #26
All that money and all those employess and many unemployed Americans xtraxritical Jan 2013 #33
I agree. They could have been trained in engineering glowing Jan 2013 #38
I'm not dissing the people that have these jobs, they need them like everyone needs jobs but xtraxritical Jan 2013 #49
I presume the irony of saying that on the Internet is lost on you. (nt) jeff47 Jan 2013 #40
It is sad that war has brought often brought our glowing Jan 2013 #50
I'd rather have military research that has civilian uses jeff47 Jan 2013 #51
And we can't afford single payer health care cbrer Jan 2013 #3
Not so sarcastic fasttense Jan 2013 #9
Can't we shake off this "austerity" crap? annabanana Jan 2013 #15
Depends on ones definition cbrer Jan 2013 #24
The American Jobs Act has been languishing in Boehner's Congress for almost two years. xtraxritical Jan 2013 #34
du rec. nt xchrom Jan 2013 #5
re-posted on Facebook to a "Should we drug test welfare recepients?" post underpants Jan 2013 #6
That's another one. Look at the political ties of testing-facility owners... JHB Jan 2013 #13
Excellent post! Luminous Animal Jan 2013 #62
democratic politicians and leadership have priorities you know nt msongs Jan 2013 #8
Makes the cuts they want to make to "entitlements" small change. liberal N proud Jan 2013 #10
This has got to stop. nt MrYikes Jan 2013 #11
This sounds like a perfect thread for this: Cooley Hurd Jan 2013 #12
Every state in the nation reteachinwi Jan 2013 #14
How about healthcare and green energy? Scuba Jan 2013 #16
(your project here) reteachinwi Jan 2013 #20
My little brother just got laid off from a gov. contract as a rocket scientist Tunkamerica Jan 2013 #17
A rocket scientist just got a job in motorsports? tavalon Feb 2013 #72
to be somewhat vague he focused on airflow during his phd program Tunkamerica Feb 2013 #80
How much ends up The Wizard Jan 2013 #18
Boeing 2010 Total Revenue (from all sources) - $64,000,000,000 LTG Jan 2013 #19
Fucking A! n/t Hotler Jan 2013 #23
"Every one of them gets most of their revenue from the Federal Government" bulloney Jan 2013 #25
Yep, that is why war & military spending is the GOP's sacred cow. raouldukelives Jan 2013 #29
We shovel money for war like coal for an unquenchable fire.... think Jan 2013 #27
A 50% cut for Big War returns us to PRE-Bush levels and save every social program.... grahamhgreen Jan 2013 #28
I used to work for one of those contractors. rivegauche Jan 2013 #30
How much for that Death Star again? n/t L0oniX Jan 2013 #31
k & r! nt wildbilln864 Jan 2013 #32
These companies are NOT beyond resorting to drastic measures to protect their bottom line... Spitfire of ATJ Jan 2013 #35
DURec. bvar22 Jan 2013 #36
Petition to stop Amgen from stealing our money Milliesmom Jan 2013 #37
Consider how many people make a decent salary based on nothing more than stealing the product of Egalitarian Thug Jan 2013 #39
and they aren't even telling us the whole truth because the Pentagon(& Homeland Sec) is not audited Fight2Win Jan 2013 #41
How much of this money is now in the form felix_numinous Jan 2013 #42
not "most" librabear Jan 2013 #43
A-M-E-N brother! benld74 Jan 2013 #44
Rat bastards KBR lark Jan 2013 #45
KBR along with any company which has moved off shore with their companies to avoid taxes Thinkingabout Feb 2013 #78
Totally agree lark Feb 2013 #79
The Sacred Cow of "defense" never goes hungry. Tierra_y_Libertad Jan 2013 #46
A corporatist government will make sure every $ billion pissed down the MIC rat hole indepat Jan 2013 #48
My work is surrounded by these companies abelenkpe Jan 2013 #52
I call Bullshit. SmileyRose Jan 2013 #53
What do they make and who do they sell to ?? kentuck Jan 2013 #56
They' huge in air traffic control, sattelites for meterological work and space maggiesfarmer Jan 2013 #60
Name one single consumer product made by Lockheed Martin.... A HERETIC I AM Jan 2013 #57
LH definately doesn't make consumer products, but I believe you could purchase an air traffic maggiesfarmer Jan 2013 #61
Smileyrose is wrong, and so are you. A HERETIC I AM Jan 2013 #64
Deep breath, no meant to offend, but let's review. maggiesfarmer Jan 2013 #66
Again, from the same 2010 Annual report you linked; A HERETIC I AM Jan 2013 #67
Good digging. As noted, I got the $67bn figure from the OP. curious at this point where he got that maggiesfarmer Feb 2013 #69
From LM's 2009 financial report: toddwv Feb 2013 #68
+1! uponit7771 Jan 2013 #54
who else is going to protect the precious juice? madrchsod Jan 2013 #55
But ... if contracts are ended, American jobs will be lost. Kablooie Jan 2013 #58
Hey Hey! TRUTH LIVES! n/t KoKo Jan 2013 #63
I'm in huge favor of more transparency into both the bidding (or lack) process and expenditure maggiesfarmer Jan 2013 #65
"Through" CEO's in jail? C'mon son, you can do better than that! Scuba Feb 2013 #70
Grammar check fail -- guilty maggiesfarmer Feb 2013 #73
Probably genetics. Scuba Feb 2013 #74
K&R for Robert Reich on the job!!! patrice Feb 2013 #76
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