Lockheed Mum on Restructuring

Lockheed Martin Corp. remained silent on its plans after a board meeting in which the nation’s largest defense contractor was expected to review restructuring efforts aimed at boosting profit and investor confidence. The Wall Street Journal had reported that the company plans to sell at least $1 billion in assets. A company spokesman declined to disclose the agenda of the meeting, held at Lockheed’s head office in Bethesda, Md. The company was considering selling businesses that make radar devices and cockpit displays and was supposedly looking at a management overhaul, the Journal said, citing executives familiar with the matter.