Lockheed Splits 2-for-1.

Lockheed Martin Corp. (6801 Rockledge Dr., Bethesda, MD 20817-1877; Tel: 301/897-6000) will split its stock 2-for-1, and raise its quarterly dividend to $0.44 a share from $0.40.

The company also says chief financial officer Marcus Bennett, 62, will retire and be replaced by Philip Duke, Lockheed Martin's vice president of finance. Bennett, who will retire Jan. 31, will remain on the Lockheed Martin board.

Lockheed Martin's businesses generated more cash in the third quarter than analysts' expected, while profit matched expectations. The company expects annual revenue to increase 5% or more without acquisitions over the next five years. The company's stock …