Lockheed Martin Feels the Pinch

• Lockheed Martin’s Q1 2014 sales were down 4% Y/Y to $10.65B. Aeronautics stood out as the one segment whose revenue grew this quarter, mostly thanks to the F-35 and C-5. Information systems and Mission systems sales on the other hand were down by 9% and 11% respectively, as a number of programs wind down or see decreased volume. Of late the company has been making acquisitions in an effort to reduce its current overwhelming reliance on defense.