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CLAIM #37437 · Lockheed Martin Corporation (LMT) · 2023Q2 earnings call · Jul 18, 2023 · due Dec 31, 2025

As far as the margin profile at MFC, we do expect there to be continued pressure over the next number of years.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

h. And I think that that’s just right now we’re going to park there, although that’ll be on a higher base here in 2023 because 2023 is better. But we still need to go through and get a feel for what the site supply chain performance clearly with the backlog? It's not a question of demand; it’ll be a question of supply. And we need to go through that analysis over the next few months. And determine to what extent our growth outlook will change, if anything from this baseline of low single digit. And so if anything, what I would say the backlog gives us a lot of confidence that we are going to return to growth. The demand signal itself would indicate a higher rate than low single digit. But we need to wait and watch the supplies part of it to make sure that that can catch up to that demand. As far as the margin profile at MFC, we do expect there to be continued pressure over the next number of years. I would agree that some of the upside that we’ve seen in this incremental demand are from higher margin products and should provide some level of mitigation, but we will really get a feel for exactly what that means until again, as we go through this over the next few months as we understand specifically, what type what contribution each of these different programs will have in 2024 and beyond and what their timing will be and what that mixed benefit may be. Jim Taiclet: And Rob, I can give you some long-term context here. So first, from a process perspective with the U.S. government. There’s multiyear procurement authority now for a whole set of sort of Lockheed Martin products, and I’ll just run through them really quick. It’s joint air ground missile, HIMARS, ATACMS, which is a longer

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SEC filings for LMT · Claim quote is verbatim from the 2023Q2 earnings call.