CLAIM #37413 · Lockheed Martin Corporation (LMT) · 2023Q1 earnings call · Apr 18, 2023 · due Dec 31, 2025
“So, there's a wide and broad range across all of our business areas, a significant international demand that we'll be seeing over the next few years.”
James Taiclet · CEO
In context
“aningful competition over the last few years as far as fifth-generation fighter aircraft go. In addition to that F-16, we can build them fast enough with additional orders coming in. We're going to compete in India to try to get that order as well and it's a matter of us being able to get to the production rate that the international is demanding and requesting of us there. RMS is having a lot of success with the SEAHAWK helicopter for example and various versions of the Black Hawk. As we mentioned, Australia as part of that. Also the radar systems are becoming more exportable as we go forward and both in Europe and Asia there is demand for those. And then at MFC, obviously PAC-3 Javelin, GMLRS, ultimately potentially JASSM and LRASM for somewhere closer allies are going to be in the mix. So, there's a wide and broad range across all of our business areas, a significant international demand that we'll be seeing over the next few years. Contracting that through the FMS process does take some time. On the other hand, there are a few DCS programs and projects, but a lot of this is going to be -- continue to be export controlled by the U.S. government and there'll be largely FMS. But it's a broad range, it’s going to last for many years, and we'll continue to be updating you on other programs, let's start getting more international traction. Operator: The next question is from Myles Walton from Wolfe Research. Please go ahead. Myles Walton: Thanks, good morning. Maybe on RMS, could you talk about the driver to the expansion in the margin implied in the guidance? I guess a couple of 100 basis points implied run-rate for the rest of the year. Is that something programmatic, was there extra R&D associated with FLRAA? And also”
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SEC filings for LMT ↗ · Claim quote is verbatim from the 2023Q1 earnings call.