EX-12 3 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

Lockheed Martin Corporation

Computation of Ratio of Earnings to Fixed Charges

For the Six Months Ended June 28, 2009

(In millions, except ratio)

 

Earnings

   

Earnings before income taxes

    $ 2,032   

Interest expense

      152   

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

      (26 ) 

Portion of rents representative of an interest factor

      26   

Amortization of debt premium and discount, net

      (2 ) 
        

Adjusted earnings from continuing operations before income taxes

    $ 2,182   
        

Fixed Charges

   

Interest expense

    $ 152   

Portion of rents representative of an interest factor

      26   

Amortization of debt premium and discount, net

      (2 ) 

Capitalized interest

      —     
        

Total fixed charges

    $ 176   
        

Ratio of Earnings to Fixed Charges

      12.4