Lockheed Martin Corporation (NYSE: LMT) has reported fourth quarter 2008 net earnings of $823 million ($2.05 per diluted share), compared to $799 million ($1.89 per diluted share) in 2007.

Net sales were $11.1 billion, compared to fourth quarter 2007 sales of $10.8 billion. Cash from operations for the fourth quarter of 2008 was $997 million, compared to $425 million in 2007. For the year ended December 31, 2008, net earnings were $3.2 billion ($7.86 per share), compared to $3.0 billion ($7.10 per share) in 2007. Net sales for 2008 were $42.7 billion, a 2 percent increase over the $41.9 billion in 2007. Cash from operations for 2008 was $4.4 billion, compared to $4.2 billion in 2007. Return on Invested Capital (ROIC) was 21.7 percent for 2008 compared to 21.4 percent in 2007. To read the complete financial report, select this direct link.