Lockheed Martin Claims To Balance Cash!

Lockheed Martin (LMT) announced earnings and included an interesting provision in their earnings release. They had a balanced Cash Deployment Strategy which they claim to be continuing into 2009. No explanation or description as to where the strategy is and how well execution is going. The strategy for deploying cash consists or several categories which may be in conflict with each other. They pay dividends, spend money on capital expenditures, make acquisitions and yes of course repurchase the companies stock on the open market. They claim this is a strategy.

Investors would like to see what the strategy actually entails once you get past the conceptual smoke screen.