Spreadsheet: 0aff6d69-e6f4-4cd5-bb4f-dd41387b8af0
Sheet: Segment Results 

Lockheed [NAME]
Business Segment Summary Operating Results
(unaudited; in millions)
 |  | Quarters Ended |  |  |  |  |  |  |  | Six Months Ended
 |  | June 30, 2013 |  | June 24, 2012 |  |  | % Change |  |  | June 30, 2013 |  | June 24, 2012 |  |  | % Change
Net sales
Aeronautics |  | 3407 |  | 3408 |  |  | - | % |  | 6593 |  | 7114 |  |  | -7 | %
Information Systems & Global Solutions |  | 2101 |  | 2263 |  |  | -7 | % |  | 4207 |  | 4353 |  |  | -3 | %
Missiles and Fire Control |  | 2043 |  | 1843 |  |  | 11 | % |  | 4031 |  | 3609 |  |  | 12 | %
Mission Systems and Training |  | 1770 |  | 2019 |  |  | -12 | % |  | 3600 |  | 3857 |  |  | -7 | %
Space Systems |  | 2087 |  | 2388 |  |  | -13 | % |  | 4047 |  | 4281 |  |  | -5 | %
Total net sales |  | 11408 |  | 11921 |  |  | -4 | % |  | 22478 |  | 23214 |  |  | -3 | %
Operating profit
Aeronautics |  | 407 |  | 454 |  |  | -10 | % |  | 786 |  | 839 |  |  | -6 | %
Information Systems & Global Solutions |  | 194 |  | 208 |  |  | -7 | % |  | 383 |  | 396 |  |  | -3 | %
Missiles and Fire Control |  | 381 |  | 313 |  |  | 22 | % |  | 725 |  | 684 |  |  | 6 | %
Mission Systems and Training |  | 275 |  | 195 |  |  | 41 | % |  | 476 |  | 352 |  |  | 35 | %
Space Systems |  | 276 |  | 300 |  |  | -8 | % |  | 506 |  | 539 |  |  | -6 | %
Total business segment operating profit |  | 1533 |  | 1470 |  |  | 4 | % |  | 2876 |  | 2810 |  |  | 2 | %
Unallocated expenses, net
Non-cash FAS/CAS pension adjustment
FAS pension expense |  | -487 |  | -486 |  |  |  |  |  | -974 |  | -971
Less:  CAS expense |  | 367 |  | 278 |  |  |  |  |  | 733 |  | 556
Non-cash FAS/CAS pension adjustment |  | -120 |  | -208 |  | -622 |  |  |  | -241 |  | -415 |  | -622
Special item - severance charges1 |  | 0 |  | 0 |  |  |  |  |  | -30 |  | 0
Stock-based compensation |  | -59 |  | -45 |  | -129 |  |  |  | -112 |  | -87 |  | -129
Other, net |  | -56 |  | -25 |  | -160 |  |  |  | -76 |  | -72 |  | -160
Total unallocated expenses, net |  | -235 |  | -278 |  |  | -15 | % |  | -459 |  | -574 |  |  | -20 | %
Total consolidated operating profit |  | 1298 |  | 1192 |  |  | 9 | % |  | 2417 |  | 2236 |  |  | 8 | %
Operating margins
Aeronautics |  | 0.119 |  | 0.133 |  |  |  |  |  | 0.119 |  | 0.118
Information Systems & Global Solutions |  | 0.092 |  | 0.092 |  |  |  |  |  | 0.091 |  | 0.091
Missiles and Fire Control |  | 0.186 |  | 0.17 |  |  |  |  |  | 0.18 |  | 0.19
Mission Systems and Training |  | 0.155 |  | 0.097 |  |  |  |  |  | 0.132 |  | 0.091
Space Systems |  | 0.132 |  | 0.126 |  |  |  |  |  | 0.125 |  | 0.126
Total business segment operating margins |  | 0.134 |  | 0.123 |  |  |  |  |  | 0.128 |  | 0.121
Total consolidated operating margins |  | 0.114 |  | 0.1 |  |  |  |  |  | 0.108 |  | 0.096
1 Severance charges for the first six months of 2013 consisted of amounts, net of state tax benefits, associated with the elimination of certain positions
at the Corporation's Information Systems & Global Solutions business segment during the first quarter of 2013.  Severance charges for initiatives
that are not significant are included in business segment operating profit.