Lockheed Martin Corp., a Bethesda-based aerospace contractor, was the only Maryland company to be ranked in the top 50 best performing companies by Business Week.
The magazine, in its March 24 issue, uses companies in the S&P; 500 and ranks them by criteria including growth in sales, profits and return to shareholders. One- and three-year total returns were considered, as were one- and three-year average annual sales growth, one- and three-year profit growth, net profit margins and return on equity.
The magazine said the criteria emphasized not just size but also companies focused on growth.
The industry that fared best was office equipment and computers, with six of the top 13 companies. Intel Corp. ranked first, with Microsoft Corp. second and Dell Computer Corp. third.
The Travelers Group Inc. ranked fifth, Merck & Co. sixth, MBNA Corp. ninth and NationsBank Corp. 12th.
Lockheed Martin ranked 29th, far ahead of its competitors United Technologies Corp. (134th), McDonnell Douglas Corp. (169th), Northrop Grumman Corp. (182nd) and Boeing Co. (192nd).
Pub Date: 3/18/97