2011 FINANCIAL HIGHLIGHTS NOTE: For additional information regarding matters affecting the comparability of the information presented above, refer to Item 6. Selected Financial Data, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Item 8. Financial Statements and Supplementary Data in our 2011 Annual Report on Form 10-K. On the Cover: F-35B: Proud to Serve the U.S. Marines This F-35B Short-Takeoff/Vertical Landing (STOVL) aircraft makes its first landing on the USS WASP October 6, 2011. Lockheed Martin is developing three variants of the 5 th Generation F-35 combat aircraft for the U.S. Marine Corps, U.S. Navy, U.S. Air Force, eight international partners, and two Foreign Military Sales customers. (In millions, except per share data) 2011 2010 2009 Net Sales $46,499 $45,671 $43,867 Segment Operating Profit 5,281 5,028 5,056 Consolidated Operating Profit 3,980 4,049 4,367 Net Earnings From Continuing Operations 2,667 2,614 2,967 Net Earnings 2,655 2,878 2,973 Diluted Earnings Per Common Share Continuing Operations 7.85 7.10 7.63 Net Earnings 7.81 7.81 7.64 Cash Dividends Per Common Share 3.25 2.64 2.34 Average Diluted Common Shares Outstanding 340 368 389 Cash, Cash Equivalents and Short-Term Investments $ 3,585 $ 2,777 $ 2,737 Total Assets 37,908 35,113 35,167 Total Debt 6,460 5,019 5,052 Stockholders’ Equity 1,001 3,497 3,966 Common Shares Outstanding at Year-End 321 346 373 Net Cash Provided by Operating Activities $ 4,253 $ 3,801 $ 3,487