CLAIM #37525 · Lockheed Martin Corporation (LMT) · 2023Q4 earnings call · Jan 23, 2024 · due Dec 31, 2027
“you would expect, tactical and strike missiles. So the guided weapons, the HIMARS, JASSM, LRASM, all those will continue towards their march through these ramps by 2025 and in certain cases, 2026 and 2027.”
Jay Malave · CFO
How to check this claim
Look at: PAC-3 missile deliveries per year (annual production/delivery rate)
It came true if: Annual PAC-3 delivery rate reaches approximately 550 units by 2025 and approximately 650 units by 2027
Where: Company-disclosed production rates (10-K, MFC segment commentary, or quarterly earnings call disclosures)
In context
“se go ahead. Sheila Kahyaoglu: Good morning, guys. Jim Taiclet: Good morning. Sheila Kahyaoglu: Jim, I don't want to talk about what happened in 1983, but in terms of the puts and takes for MSC, if you could just talk about the 7% top line growth you guys have what are the biggest program drivers there between missile defense and tactical, and just on the margins, you've already highlighted the 50 bps from the classified programs. Are there any offsets? And I really appreciate your commentary about the government and how you plan to sell to them. So I was just thinking, where do you think that will manifest itself in its portfolio in your portfolio, the fact is, is it MFC? And specifically, can you give any specifics? Jay Malave: Yes. Sure. I'll start with the growth drivers. And for MFC, you would expect, tactical and strike missiles. So the guided weapons, the HIMARS, JASSM, LRASM, all those will continue towards their march through these ramps by 2025 and in certain cases, 2026 and 2027. So that is the largest driver of the growth. And that's followed by Integrated Air and Missile Defense really on the back of PAC-3. So we'll start seeing a more significant spike in PAC-3 activity and deliveries over the next few years here as we get to 550 by 2025, and then ultimately 650 by 2027. So those are the two -- really the two businesses, the lines of business within MFC that are going to be driving it, which is really should be no surprise. Jim Taiclet: And then when it gets to moving towards a value pricing model, Sheila. The first place that's already starting to happen is in command and control, command situational awareness, information advantages our customers would call it. So those are largely digital services, right? You've got sensors on satellites, aircraft, ships, ra”
Verify independently
SEC filings for LMT ↗ · Claim quote is verbatim from the 2023Q4 earnings call.