Exhibit 12
Lockheed Martin Corporation
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, 2009
(In millions, except ratio)
| Earnings |
||||
| Earnings before income taxes |
$ | 4,284 | ||
| Interest expense |
305 | |||
| Losses (undistributed earnings) of 50% and less than 50% owned companies, net |
(65 | ) | ||
| Portion of rents representative of an interest factor |
62 | |||
| Amortization of debt premium and discount, net |
(4 | ) | ||
| Adjusted earnings before income taxes |
$ | 4,582 | ||
| Fixed Charges |
||||
| Interest expense |
$ | 305 | ||
| Portion of rents representative of an interest factor |
62 | |||
| Amortization of debt premium and discount, net |
(4 | ) | ||
| Capitalized interest |
— | |||
| Total fixed charges |
$ | 363 | ||
| Ratio of Earnings to Fixed Charges |
12.6 | |||