Good morning, everyone. So hi, everyone. Good morning. I'm Kristine Liwag, Morgan Stanley's Aerospace and Defense analyst. Very excited to host our next panel here with Lockheed Martin. So very excited to have on stage with us, Jim Taiclet, Chairman and CEO; and Evan Scott, CFO. Welcome, gentlemen.Question-and-Answer Session Kristine LiwagMorgan Stanley, Research Division So maybe we could kick off. Evan, you've got some statements to read. Evan ScottSenior VP & CFO Yes. Thank you. Statements made today ...

Good morning, everyone. So hi, everyone. Good morning. I'm Kristine Liwag, Morgan Stanley's Aerospace and Defense analyst. Very excited to host our next panel here with Lockheed Martin. So very excited to have on stage with us, Jim Taiclet, Chairman and CEO; and Evan Scott, CFO. Welcome, gentlemen.Question-and-Answer Session Kristine LiwagMorgan Stanley, Research Division So maybe we could kick off. Evan, you've got some statements to read. Evan ScottSenior VP & CFO Yes. Thank you. Statements made today ...

Commerce Secretary Howard Lutnick recently disclosed during an interview with CNBC that the U.S. government was considering taking stakes in defense contractors such as Lockheed Martin (NYSE:LMT). Lutnick's remarks came in the wake of an announcement that the government was ...

Summary of Lockheed Martin Conference Call Company Overview - **Company**: Lockheed Martin - **Industry**: Aerospace and Defense Key Points and Arguments Financial Performance and Guidance - Lockheed Martin expects **4% to 5% revenue growth** in 2025, with a backlog projected at **$167 billion** and **$6.7 billion** in free cash flow for the current year [6][6][6] - For 2026, the company anticipates **$7 billion** in free cash flow, excluding pension cash contributions [6][6][6] - The company plans to return **$6 billion** to shareholders in 2025, split between dividends and share repurchases [6][6][6] Operational Focus - The leadership emphasizes a strong focus on **financial and operational performance**, with multiple overseas and domestic visits to inspect production lines and engage with customers [5][5][5] - Lockheed Martin's products are reportedly performing well in real battlefield conditions, increasing demand from both U.S. and international customers [7][7][7] Government Relations and Defense Environment - The current administration is noted for its focus on **speed and effectiveness** in defense procurement, with an openness to change legacy processes [9][9][9] - Lockheed Martin has a strong relationship with the government, which is seen as a net benefit for the company and the defense industry [11][11][11] Budget and Growth Opportunities - The Department of Defense's modernization budget is expected to increase by over **20%** year-over-year in fiscal year 2026, which aligns with Lockheed Martin's expectations of low to mid-single-digit growth through 2027 [16][16][16] - New budget elements, such as Navy programming for PAC-3 munitions, present significant opportunities for Lockheed Martin [17][17][17] Golden Dome Initiative - The **Golden Dome** initiative is tailored for Lockheed Martin, involving key space sensors and integrated air and missile defense systems [19][19][19] - The company is positioned as a leader in integrated air and missile defense, with advanced technologies and systems in place [20][20][20] F-35 Program Insights - The normalized production rate for the F-35 program is expected to be **156 units per year**, with a backlog of **311 F-35s** as of Q2 [26][29][29] - Lockheed Martin has successfully won every fighter jet competition involving the F-35 over the past few years, indicating strong international demand [28][28][28] International Market Growth - Lockheed Martin anticipates that its international business will grow at least as fast as its U.S. business, driven by increasing international defense budgets [42][42][42] - The company has established a global production and operations network to support international sales and sustainment [40][40][40] Emerging Technologies and Partnerships - Lockheed Martin is open to partnerships with emerging tech companies to enhance capabilities and integrate new technologies into defense systems [53][53][53] - The company has made significant investments in venture companies to leverage digital technology and innovation [55][55][55] Future Opportunities - Key areas of focus for the next 12 months include air power strategy, munitions gap, and submarine combat systems [59][61][61] - The company aims to optimize cost and capability across all players in the industry, emphasizing collaboration with other defense contractors [60][60][60] Additional Important Content - Lockheed Martin has committed to transparency regarding classified programs and has reinvigorated its review processes to ensure accurate assessments [44][46][46] - The company is addressing cash flow headwinds from pension contributions and tariffs, with expectations of recovery over time [48][49][49] This summary encapsulates the key insights and strategic directions discussed during the Lockheed Martin conference call, highlighting the company's operational focus, financial outlook, and market opportunities.

Forward-Looking Statements Jim Taiclet, Chairman, President and CEO Evan Scott, Chief Financial Officer Thursday, September 11, 2025 8:30 a.m. – 9:05 a.m. PT Lockheed Martin Corporation Morgan Stanley 13th Annual Laguna Conference This presentation contains statements that, to the extent they are not recitations of historical fact, constitute forward-looking statements within the meaning of the federal securities laws, and are based on Lockheed Martin's current expectations and assumptions. The words "belie ...

Lockheed Martin Corporation (NYSE:LMT) is among the 10 Best Space Exploration Stocks to Buy Now. Korea Zinc, the world’s largest zinc smelter, signed a memorandum of understanding with Lockheed Martin Corporation (NYSE:LMT) on August 25, 2025, to establish a China-free germanium supply chain. High-purity germanium made at its new Onsan facility will be supplied by Korea Zinc, and Lockheed Martin Corporation (NYSE:LMT) will be granted priority procurement rights. The agreement focuses on Korea-U.S. collabor ...

Core Viewpoint - A class action lawsuit has been filed against Lockheed Martin Corporation for allegedly making materially false and misleading statements regarding its business operations and financial performance during the specified class period from January 23, 2024, to July 21, 2025 [1][3]. Summary by Relevant Sections Legal Action - The lawsuit is on behalf of all individuals and entities who purchased Lockheed Martin securities during the class period, with a deadline of September 26, 2025, for investors to apply as lead plaintiffs [1]. Allegations - The complaint alleges that Lockheed Martin failed to disclose several critical issues, including: - Ineffective internal controls related to risk-adjusted contracts and profit booking [3]. - Inadequate procedures for comprehensive reviews of program requirements and risks [3]. - Overstated capabilities in delivering contract commitments regarding cost, quality, and schedule [3]. - Likelihood of reporting significant losses due to the aforementioned issues [3]. Financial Impact - On October 22, 2024, Lockheed Martin announced $80 million in losses due to higher-than-expected costs, resulting in a share price drop of $37.63 (6.12%) to close at $576.98 [4][6]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion, leading to a share price decline of $46.24 (9.2%) to close at $457.45 [5][6]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, causing the share price to fall by $49.79 (10.8%) to close at $410.74 [7][8]. Earnings Performance - Lockheed Martin's net earnings for 2024 were reported at $5.3 billion ($22.31 per share), a decrease from $6.9 billion ($27.55 per share) in 2023 [5].

Commerce Secretary Howard Lutnick is creating an “investment accelerator” within his department, targeting major corporations, including Intel Corp. INTC and Lockheed Martin Corp. LMT.According to The New York Times report, the fund, led by former Morgan Stanley MS banker Michael Grimes, aims to secure government equity stakes in exchange for federal support.Check out the current price of INTC stock here. The initiative uses CHIPS Act funding and billions pledged by Japan and South Korea through trade deals ...

Core Viewpoint - The U.S. military is advancing its nuclear command and control system modernization plan, beginning tests of the next-generation "Doomsday Plane" [1][3]. Group 1: Contract and Aircraft Details - In 2024, the U.S. Air Force awarded a contract worth $13 billion to Sierra Nevada Corporation (SNC) for the procurement of five E-4C aircraft to replace the existing four E-4B aircraft [3][9]. - The E-4C aircraft will be significantly modified from the Boeing 747-8 platform, which features enhanced structural strength and reduced weight due to the use of composite materials [6][7]. - The first E-4C aircraft is expected to be delivered by 2032, continuing the U.S. Air Force's nuclear command and control tasks [9][15]. Group 2: Historical Context and Development - The U.S. was the first country to develop a "Doomsday Plane," with the E-4 aircraft first delivered in December 1974, and the E-4B variant upgraded during its service [6][9]. - The E-4C will utilize second-hand Boeing 747-8F aircraft, with the first of these expected to arrive for modification in June 2024 [7][9]. Group 3: Modernization and Strategic Importance - The modernization of the nuclear command, control, and communication (C3) systems is a critical focus for the U.S. military, with significant investments planned from 2023 to 2032 [15]. - The E-4C and the new U.S. Navy E-130J "Phoenix II" aircraft are part of a broader initiative to enhance the U.S. military's nuclear deterrence and strike capabilities [14][15]. - The integration of modern technologies such as big data and artificial intelligence into the C3 systems aims to improve the reliability and credibility of U.S. nuclear forces [15].

NEW YORK--(BUSINESS WIRE)---- $LMT #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lockheed Martin Corporation ("Lockheed Martin†or the "Company†) (NYSE: LMT). Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. On July 22, 2025, before the market op ...