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CLAIM #37366 · Lockheed Martin Corporation (LMT) · 2022Q4 earnings call · Jan 24, 2023 · due Jan 24, 2028

Where we see potential increases to where we were at baseline before really is in MFC. Over the next five years, we've got revenue potential. It's around $6 billion.

Jay Malave · CFO

PENDING
graded after results covering Jan 24, 2028 are reported

How to check this claim

Look at: Cumulative incremental revenue potential in the MFC (Missiles and Fire Control) segment over five years, relative to prior baseline

It came true if: Cumulative MFC revenue upside over five years >= $6 billion versus previously expected baseline

Where: Company segment revenue disclosures (10-K segment reporting / earnings calls) for MFC, 2023-2028

In context

ond the sad and unfortunate situation in the Ukraine that's already happened and the fact that there's bipartisan support in Congress to do just that. So we've been expecting all along in our kind of long-range plan that the U.S. government and Congress would step up to meet the reality of the global geopolitical situation. And that's exactly what played out in the budget process for FY '23. We also expect that same reality to continue to sadly exist again in the next budget cycle, which is happening even now in -- for 2024. So we don't see the circumstances the fundamentals changing. Therefore, we also believe that the continued robustness of the defense budget is going to be a reality as well. Jay Malave: Just let me follow up on your last question, David, whether or not there's upside. Where we see potential increases to where we were at baseline before really is in MFC. Over the next five years, we've got revenue potential. It's around $6 billion. And that would more than offset lost revenue associated with FLRAA should that decision hold. And so net-net, we see that there could be some upside over the next five years. Operator: And next, we'll go to Myles Walton with Wolfe Research. Please go ahead. Myles Walton: Thanks, good morning. Jim, maybe one quick one and one sort of allow you to expand a little bit. When is your expected restart of deliveries in the F-35, as a quick one? And then, obviously, there's more of a debate going on in D.C. around fiscal restraint and has been in place in the last several years. And so I'm just curious where you think this ends up as one thing, but more importantly, what, if anything, do you do operationally to prepare yourself for whatever the outcomes are in terms of balance sheet holding back

Verify independently

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