MAAT INDEX

CLAIM #37439 · Lockheed Martin Corporation (LMT) · 2023Q2 earnings call · Jul 18, 2023 · due Dec 31, 2023

Our latest estimate is that’ll all be completed by the end of the fourth quarter this year. Could it move a little bit into early 2024? Yes, it could.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

in military and civilian roles in government. So first of all, we are not suppliers are applying all the needed resources to this, it’s a top priority for our company and few others as well. We’re running extra shifts, and we’re deploying subject matter experts into other companies or suppliers, operations to make sure this stays on track, flight test programs on schedule. And we’ve got the sufficient pilots, both in the company and in the Department of Defense, for acceptance, as we move forward on all of that. And then finally, the purpose of the flight test program is to base continuously narrow the funnel of testing of all the aircraft functions and mission capabilities in a really methodical fashion sort of narrowing a funnel. And so we’re just moving through that and methodical way. Our latest estimate is that’ll all be completed by the end of the fourth quarter this year. Could it move a little bit into early 2024? Yes, it could. But we think we’re on track to really get all the dimensions of resources, commitment, and schedule to give that option for the December delivery everything we can. Matthew Akers: Great, thank you. Operator: Thank you. And the next question is from Peter Arment from Baird. Please go ahead. Peter Arment: Yes, good morning, Jim and Jay. Hey Jay, thanks for all the color on the F-35. I was wondering just regarding like when we think about all the backlog growth you have now you’ve got a pretty big step up in CapEx this year, mid-teens growth? How are we thinking about just kind of supporting the backlog? Are you expecting kind of the CapEx profile to kind of level off here? Or are you expect that to increase and maybe also related to how you’re thinking about working capital in the same cont

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