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CLAIM #37542 · Lockheed Martin Corporation (LMT) · 2024Q1 earnings call · Apr 23, 2024 · due Dec 31, 2024

So we're well-positioned to deliver on that expectation. It is possible somewhere to last year that we could see some upside towards the higher end of the sales guide range there.

James Taiclet · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

Please go ahead. I'm sorry, David. Okay, great. David Strauss: Good morning. Yes, thanks. Jim Taiclet: Good morning, David. David Strauss: Good morning. Thanks for taking the question. So since Q4, we have a 2024 budget, looks like we're going to get a very large supplemental. You won NGI. How might all those things together change how you're thinking about where you kind of fall in, in the revenue guide this year and the potential for revenue growth in 2025 to accelerate kind of off this low-single-digit level? Jim Taiclet: So David, as we mentioned, for this quarter, we started off pretty solid, just on an apples-to-apples basis 5% growth in the first quarter lines up pretty well with a mid-point guidance range, which is 2% to 2.5% and the high end of that range being, say, around 3.5%. So we're well-positioned to deliver on that expectation. It is possible somewhere to last year that we could see some upside towards the higher end of the sales guide range there. So again really good start that enables that. As we think about 2025, what you saw in the budget, what we're seeing here in supplemental, give us higher confidence that we'll continue to grow. We talked about growth in -- starting in 2023, a year earlier than we had originally anticipated, accelerating in 2024, and then giving us more confidence that we'll see at least a same if not more growth in 2025. We'll give you -- it later in the year, we'll give you a much better update in terms of what we're seeing. But right now all this bodes well to our sustained growth in terms of what we've been driving to, not only in 2025, but beyond 2025 as well. Operator: And the next question is from the line of Peter Arment from Baird. Please go ahead. Peter Arment: On missiles from fire control, can y

Verify independently

SEC filings for LMT · Claim quote is verbatim from the 2024Q1 earnings call.