EX-12 2 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

Lockheed Martin Corporation

Computation of Ratio of Earnings to Fixed Charges

For the Quarter Ended March 30, 2008

(In millions, except ratio)

 

Earnings

   

Earnings before income taxes

    $ 1,084  

Interest expense

      87  

Losses (undistributed earnings) of 50% and less than 50% owned companies, net

      (29 )

Portion of rents representative of an interest factor

      13  

Amortization of debt premium and discount, net

      (2 )
        

Adjusted earnings from continuing operations before income taxes

    $ 1,153  
        

Fixed Charges

   

Interest expense

    $ 87  

Portion of rents representative of an interest factor

      13  

Amortization of debt premium and discount, net

      (2 )

Capitalized interest

      —    
        

Total fixed charges

    $ 98  
        

Ratio of Earnings to Fixed Charges

      11.8