Bethesda defense giant Lockheed Martin saw revenue in the third quarter decline by 4.4 percent, to $11.3 billion, from $11.9 billion in the year-earlier period. Over the first nine months, sales have declined by almost 4 percent.
However, net income rose to $873 million in the third quarter, from $727 million a year earlier, as Lockheed cut costs.
“We can size our company for the environment that we work in,” said Lockheed CFO Bruce Tanner in a conference call.
Rockville-based Washington Real Estate Investment Trust reported that revenue in the third quarter rose to $65.8 million, from $64.5 million a year earlier. Funds from operations declined to $30.2 million, from $32.1 million.
Rockville consulting and engineering firm Apex Companies hosted representatives of the China North Engineering Design Academy of Research International, a Chinese government-owned enterprise. The companies signed an agreement for Apex to pursue environmental restoration work with the Chinese company in rural western China.
Most of the work done by U.S. companies in China is along the coast and in major cities, so Apex will be working in areas that are not as developed.
Ernest Bland Associates, a Silver Spring architecture and planning firm, recently celebrated its 25th anniversary at the Fillmore Silver Spring. Among the speakers were state Sen. Jamie Raskin, Del. Sheila Hixon and Montgomery County Executive Isiah Leggett.
Ernest Bland is president of EBA, which specializes in technical facilities and health care facility design. Clients include the U.S. Department of Veterans Affairs, Clark Construction, Verizon, Sprint and the National Institutes of Health.