Lockheed Martin Chief Financial Officer Bruce Tanner
Lockheed Martin Chief Financial Officer Bruce Tanner. Credit Lockheed Martin

PARIS — Lockheed Martin on July 24 raised its forecast for 2012 revenue and profit at its Space Systems division, saying the transition of several military satellite programs from development to production status will offset a decline in other areas of the business.

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Peter B. de Selding was the Paris bureau chief for SpaceNews.