Lockheed Martin Corp. (LMT)

Lockheed Martin Corp., ROE, long-term trends, calculation

	ROE	=	100	×	Net earnings1	÷	Stockholders’ equity (deficit)1
Dec 31, 2005		=	100	×		÷
Dec 31, 2006		=	100	×		÷
Dec 31, 2007		=	100	×		÷
Dec 31, 2008		=	100	×		÷
Dec 31, 2009		=	100	×		÷
Dec 31, 2010		=	100	×		÷
Dec 31, 2011		=	100	×		÷
Dec 31, 2012		=	100	×		÷
Dec 31, 2013		=	100	×		÷
Dec 31, 2014		=	100	×		÷
Dec 31, 2015		=	100	×		÷
Dec 31, 2016		=	100	×		÷
Dec 31, 2017		=	100	×		÷
Dec 31, 2018		=	100	×		÷

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-26), 10-K (filing date: 2008-02-28), 10-K (filing date: 2009-02-26), 10-K (filing date: 2010-02-25), 10-K (filing date: 2011-02-25), 10-K (filing date: 2012-02-23), 10-K (filing date: 2013-02-28), 10-K (filing date: 2014-02-14), 10-K (filing date: 2015-02-09), 10-K (filing date: 2016-02-24), 10-K (filing date: 2017-02-09), 10-K (filing date: 2018-02-06), 10-K (filing date: 2019-02-08).

¹ USD $ in millions

Lockheed Martin Corp., ROE, long-term trends, comparison to competitors

	Lockheed Martin Corp.	Boeing Co.	General Dynamics Corp.	Northrop Grumman Corp.	Raytheon Co.	United Technologies Corp.
Dec 31, 2005
Dec 31, 2006
Dec 31, 2007
Dec 31, 2008
Dec 31, 2009
Dec 31, 2010
Dec 31, 2011
Dec 31, 2012
Dec 31, 2013
Dec 31, 2014
Dec 31, 2015
Dec 31, 2016
Dec 31, 2017
Dec 31, 2018

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-26), 10-K (filing date: 2008-02-28), 10-K (filing date: 2009-02-26), 10-K (filing date: 2010-02-25), 10-K (filing date: 2011-02-25), 10-K (filing date: 2012-02-23), 10-K (filing date: 2013-02-28), 10-K (filing date: 2014-02-14), 10-K (filing date: 2015-02-09), 10-K (filing date: 2016-02-24), 10-K (filing date: 2017-02-09), 10-K (filing date: 2018-02-06), 10-K (filing date: 2019-02-08).

Lockheed Martin Corp., ROE, long-term trends, comparison to Aerospace & Defense sector

	Lockheed Martin Corp.	Aerospace & Defense
Dec 31, 2005
Dec 31, 2006
Dec 31, 2007
Dec 31, 2008
Dec 31, 2009
Dec 31, 2010
Dec 31, 2011
Dec 31, 2012
Dec 31, 2013
Dec 31, 2014
Dec 31, 2015
Dec 31, 2016
Dec 31, 2017
Dec 31, 2018

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-26), 10-K (filing date: 2008-02-28), 10-K (filing date: 2009-02-26), 10-K (filing date: 2010-02-25), 10-K (filing date: 2011-02-25), 10-K (filing date: 2012-02-23), 10-K (filing date: 2013-02-28), 10-K (filing date: 2014-02-14), 10-K (filing date: 2015-02-09), 10-K (filing date: 2016-02-24), 10-K (filing date: 2017-02-09), 10-K (filing date: 2018-02-06), 10-K (filing date: 2019-02-08).

Lockheed Martin Corp., ROE, long-term trends, comparison to Industrials industry

	Lockheed Martin Corp.	Industrials
Dec 31, 2005
Dec 31, 2006
Dec 31, 2007
Dec 31, 2008
Dec 31, 2009
Dec 31, 2010
Dec 31, 2011
Dec 31, 2012
Dec 31, 2013
Dec 31, 2014
Dec 31, 2015
Dec 31, 2016
Dec 31, 2017
Dec 31, 2018

Based on: 10-K (filing date: 2006-02-28), 10-K (filing date: 2007-02-26), 10-K (filing date: 2008-02-28), 10-K (filing date: 2009-02-26), 10-K (filing date: 2010-02-25), 10-K (filing date: 2011-02-25), 10-K (filing date: 2012-02-23), 10-K (filing date: 2013-02-28), 10-K (filing date: 2014-02-14), 10-K (filing date: 2015-02-09), 10-K (filing date: 2016-02-24), 10-K (filing date: 2017-02-09), 10-K (filing date: 2018-02-06), 10-K (filing date: 2019-02-08).