Exhibit 12
Lockheed Martin Corporation
Computation of Ratio of Earnings from Continuing Operations to Fixed Charges
Year Ended December 31, 2010
| (In millions, except ratio) | ||||
| Earnings |
||||
| Earnings from continuing operations before income taxes |
$ | 3,826 | ||
| Interest expense |
345 | |||
| Less: Undistributed earnings of 50% and less than 50% owned companies, net |
(81 | ) | ||
| Portion of rents representative of an interest factor and other |
48 | |||
| Adjusted earnings from continuing operations before income taxes |
$ | 4,138 | ||
| Fixed Charges |
||||
| Interest expense |
$ | 345 | ||
| Portion of rents representative of an interest factor and other |
48 | |||
| Total fixed charges |
$ | 393 | ||
| Ratio of Earnings from Continuing Operations to Fixed Charges |
10.5 | |||