Business & Tech

Lockheed Martin Named Among 9 Companies That Can't Grow

24/7 Wall Street has named the Bethesda-based defense giant among nine largest companies that can't get bigger.

Bethesda-based defense giant Lockheed Martin has been named by 24/7 Wall Street as one of the nine largest American companies that can't grow.

Lockheed's heavy reliance on the federal government for sales and the lack of growth in its market—combined with federal cutbacks that will likely affect defense projects—earned it a spot on the list, according to the report.

The companies that qualified for the list were among the 100 largest in sales, had a sales growth of 3 percent or less in recent years and had a growth estimate of less than 3 percent for 2013, 24/7 Wall Street reported, citing Capital IQ data.

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Revenues at Lockheed rose only slightly from $46.5 billion in 2011 to $47.2 billion in 2012, according to the report.

Other companies named included Safeway, General Dynamics and AT&T.

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