CLAIM #37498 · Lockheed Martin Corporation (LMT) · 2023Q4 earnings call · Jan 23, 2024 · due Dec 31, 2024
“The X59 was unveiled at a rollout ceremony earlier this month and is expected to take first flight later this year.”
James Taiclet · CEO
In context
“d in November and a partnership with Romania and the Netherlands. This center will provide world-class training to enhance mission readiness and ensure safety of flying and operating F-16 fighter jets. In addition, we delivered the first two Slovakian F-16 Block 70 jets in the fourth quarter. Deliveries for Slovakia totaling 14 aircraft will continue through 2025. Aero Skunk Works continues to pioneer groundbreaking innovation as well. And for a change, I can actually tell you about one. The X59 experimental supersonic aircraft built by Skunk Works and NASA Aeronautics was selected as one of Time Magazine's best inventions of 2023. The X59 is expected to transform the future of commercial supersonic flight over land by quieting the sonic boom, one of aviation's most persistent challenges. The X59 was unveiled at a rollout ceremony earlier this month and is expected to take first flight later this year. Our MFC business continued to push technological advancements forward as well through modernization of air and missile defense and precision strike capabilities. In the fourth quarter, we delivered the first Precision Strike Missile, or PrSM, to the U.S. Army and conducted system qualification test for an extended range Guided Multiple Launch Rocket System or GMLRS, which will extend the range of the HIMARS system that many of you are familiar with. MFC also delivered the 800th THAAD, that's a Terminal High Altitude Area Defense interceptor to the U.S. government in October. And also, we successfully integrated the PAC-3 Patriot Missile with the U.S. Army's new air and missile defense radar system to defend against cruise missiles, tactical ballistic missiles as well as hypersonics. Inter”
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SEC filings for LMT ↗ · Claim quote is verbatim from the 2023Q4 earnings call.