Lockheed Corp.: The Calabasas defense and space...
From Times Staff and Wire Reports
Lockheed Corp.: The Calabasas defense and space company reported that fourth-quarter earnings were $99 million, contrasted with a loss of $109 million a year earlier. Revenue fell 2% to $2.97 billion. For 1990, Lockheed earned $335 million, versus $2 million the year before. Revenue rose 1% to $9.96 billion. The company said cost-cutting efforts were a key reason for the improvement.
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