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Lockheed sees backlog remaining above $80 billion in 2014

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[January 23, 2014]  WASHINGTON (Reuters)  Lockheed Martin Corp expects its backlog to remain above $80 billion in 2014 after it reached a record level of $82.6 billion last year, Chief Financial Officer Bruce Tanner told analysts on Thursday.

Tanner said the backlog would be aided by $41.5 billion to $43 billion in new orders expected this year, but delays in a few larger orders could change that.

For instance, he said the company expected to finalize a multi-year contract valued at over $5 billion with the U.S. military for 79 C-130J transport planes in the fourth quarter.

"Should it shift to the right, it would be difficult to achieve that $80 billion backlog amount," he said.

(Reporting by Andrea Shalal-Esa; editing by Andre Grenon)

[ 2014 Thomson Reuters. All rights reserved.]

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