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Previous: LOCKHEED MARTIN CORP, 10-Q, EX-10.1, 2000-11-13 |
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<PAGE>
Exhibit 12
Lockheed Martin Corporation
Computation of Ratio of Earnings to Fixed Charges
For the Nine Months Ended September 30, 2000
(In millions, except ratio)
<TABLE>
<S> <C>
Earnings
Loss from continuing operations before income taxes $(51)
Interest expense 676
Amortization of debt premium and discount, net (2)
Portion of rents representative of an interest factor 49
Losses and undistributed earnings of 50% and less than 50%
owned companies, net 21
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Adjusted earnings from continuing operations before income taxes $693
====
Fixed Charges
Interest expense $676
Amortization of debt premium and discount, net (2)
Portion of rents representative of an interest factor 49
Capitalized interest 1
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Total fixed charges $724
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Ratio of Earnings to Fixed Charges .96
====
</TABLE>
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