MAAT INDEX

CLAIM #37342 · Lockheed Martin Corporation (LMT) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2027

This program remains a focused competition for Lockheed Martin with the first NGI forecast for delivery in 2027.

James Taiclet · CEO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Delivery of the first Next-Generation Interceptor (NGI) unit by Lockheed Martin to the Missile Defense Agency

It came true if: First NGI delivered on or before December 31, 2027

Where: Company press releases / Missile Defense Agency program announcements / Lockheed Martin management commentary on quarterly calls

In context

ssile, meeting all its objectives for the test, including reaching speeds of greater than 5 times the speed of sound. With regard to classified programs, we achieved successful milestones across multiple business areas in 2022 and grew 5% year-over-year. We continue to expect growth in classified that will outpace the rest of the portfolio over the next several years. And finally, at new awards, Lockheed Martin's Next-Generation Interceptor, or NGI, continues to make progress. In late October, we announced the delivery of the first NGI flight software package to the Missile Defense Agency, providing the framework of software development tools, process workflows, scripts and environments. The delivery was ahead of schedule and is a critical step on the path for flight testing and fielding. This program remains a focused competition for Lockheed Martin with the first NGI forecast for delivery in 2027. With regard to the Future Long Range Assault Aircraft, or FLRAA, competition, we were disappointed in the U.S. Army's decision. And upon review, we determined a formal protest by Sikorsky on behalf of Team Defiant to be the best course of action. We continue to believe that Defiant X with its increased speed, range, manoeuvrability and survivability is the transformational and most cost-effective aircraft that best meets the selection criteria for this competition. Sikorsky remains one of two competitors for the other component of the Future Vertical Lift initiative that's called the Future Attack Reconnaissance Aircraft, or FARA, which is currently expected to be awarded in 2025. The first RatorX-competitive prototype is over 90% complete and has more than 65% of its acceptance testers a

Verify independently

SEC filings for LMT · Claim quote is verbatim from the 2022Q4 earnings call.