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LOCKHEED PURCHASES TOTAL $2.1 BILLION IN FIRST SIX MONTHS OF 1992

LOCKHEED PURCHASES TOTAL $2.1 BILLION IN FIRST SIX MONTHS OF 1992
 CALABASAS, Calif., Oct. 12 /PRNewswire/ -- Lockheed Corp.'s (NYSE: LK) operating companies ordered goods and services valued at more than $2.1 billion from 33,000 large and small subcontractors and suppliers in the first six months of 1992.
 Awards to small businesses in the first half of 1992 totaled $454 million. Included in that total was $57.8 million in orders placed with small disadvantaged businesses, a new high for the first- half reporting period. The previous high was $49.2 million in the first half of 1990.
 Subcontracts and purchase orders placed by Lockheed Advanced Development Co., Lockheed Aeronautical Systems Co., Lockheed Missiles & Space Co., and Lockheed Sanders Inc. -- the corporation's four largest companies -- accounted for more than 90 percent of the total value of the purchases.
 Lockheed is a world leader in defense and space systems technology, designing and producing missiles, electronic systems, satellites and military aircraft, as well as providing a wide range of government and commercial aeronautical, space, environmental, and engineering services. The corporation has approximately 71,000 employees and, in 1991, annual sales of $9.8 billion.
 -0- 10/12/92
 /EDITOR'S NOTE: Small businesses generally are defined as those companies independently owned and operated and not dominant in the field of operation in which they are bidding on government contracts. Small disadvantaged businesses are those which are at least 51-percent owned and managed by one or more minority individuals./
 /CONTACT: Bob Slayman of Lockheed Corp., 818-876-2468/
 (LK) CO: Lockheed Corp. ST: California IN: ARO SU:


EH -- LA012 -- 8858 10/12/92 13:01 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
Words:273
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