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Lockheed sees backlog remaining above $80 billion in 2014 [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. |
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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.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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