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CLAIM #37370 · Lockheed Martin Corporation (LMT) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023

I think next year, as we think about the margin, yes, there's a little bit of a headwind there. I think mix does play a part in it as well as right now, we're planning a little bit lower favourable profit adjustments.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

ve: Okay. So George, I can probably answer your questions with one yes, but maybe I'll provide a little bit of color there. I now take the -- you're correct, on the charge we took, that was related to the program. We continue to have some learnings there. But our team, I think, in Skunk Works is doing a great job managing that program. And this is a development program where you see and you continue to have learnings. But in the grand scheme of things, I think we've managed that quite well. And it really hasn't -- did not impact our results. And as far as the F-35 program, we did see some benefits there. And you're right, in the quarter, we were -- the results there were augmented not only by the volume but as well as the net profit adjustments at Aeronautics, and it was across the board. I think next year, as we think about the margin, yes, there's a little bit of a headwind there. I think mix does play a part in it as well as right now, we're planning a little bit lower favourable profit adjustments. But for the year, in the grand scheme of Lockheed Martin, this year, we did about 25% of profit in net profit adjustments, and we would expect that to be somewhat similar for the entire company for '23. Thanks for the question, George. Operator: And next, we'll go to Rob Spingarn with Melius Research. Please go ahead. Robert Spingarn: Good morning. Jim, I think everyone would agree that Lockheed's got the pole position in offensive hypersonics. Strong program portfolio there and some recent successes. What I think people might be interested in are your efforts as well in counter hypersonics as we might expect that to be a growing portion of the budget. Can you talk about that a little bit? Jim Taiclet: Sure. And it's largely classified, Rob. But what I can say is many of the elements of

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