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CLAIM #37394 · Lockheed Martin Corporation (LMT) · 2023Q1 earnings call · Apr 18, 2023 · due Dec 31, 2025

First delivery is expected by the mid-2020s.

James Taiclet · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

U.S.-India CEO form in March, I had the privilege to announce the memorandum of understanding with the Tata Lockheed Martin Aero Structure Limited joint venture to produce F-16 wing structures in India demonstrating our commitment to India as an industry partner and customer, while bolstering our supply chain. Turning to Hypersonics, it is encouraging to see the continued investment outlined in the PBR for the conventional prompt strike weapon system or CPS. As it begins integration and testing for Zumwalt Class Ships recognizing our advancements in this critical technology. In February, the U.S. Navy awarded Lockheed Martin an initial contract for CPS, the first sea based hypersonic strike capability for the United States. Enabling long range missile flight at speeds greater than Mach 5. First delivery is expected by the mid-2020s. Regarding our Air launch rapid response weapon also known as Aero, we are continuing testing of the system at hypersonic speeds in order to advance technical maturation of the missile and the glide body and to ensure the final product is safe, reliable and supportive of our customers' missions and future plans. In January, we also completed the second flight test of hypersonic air breathing weapons concept also known as Hawk in partnership with DARPA and the Air Force Research Lab. We accomplished all the test objectives during the second flight test, including affordable rapid development and performance requirements. And in late March, the U.S. Navy announced its support of the hypersonic air launched offensive anti surface strike weapon or HALO. Lockheed Martin was down selected and aw

Verify independently

SEC filings for LMT · Claim quote is verbatim from the 2023Q1 earnings call.