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CLAIM #37553 · Lockheed Martin Corporation (LMT) · 2024Q1 earnings call · Apr 23, 2024 · due Dec 31, 2025

But I think over the longer-term and the medium-term, I think we're working in coordination with our customer to make sure that we can deliver the capabilities the customer wants, but on an executable schedule. And if we're able to do that, then we should be able to keep the program on track from a production standpoint.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

are parked. All that, what that does is really avoids any type of significant disruption. And so what this does is really keep our production on track here in 2024 and then beyond as well. As Jim mentioned, in 2025, we'll have further capability inserted and we'll actually start delivering on the inserting Block 4 type of capability as well. And you may have heard, you referenced comments made from the U.S. military and they discussed a Block 4 reimagined, and what that would entail is an insertion schedule that's really tied to an executable plan that can be provided by industry, so we can avoid these types of disruptions. And so when you look at it in the short-term, could there be pressure on the last 15 through 17 contract profitability and potential movement around in cash flow? Yes. But I think over the longer-term and the medium-term, I think we're working in coordination with our customer to make sure that we can deliver the capabilities the customer wants, but on an executable schedule. And if we're able to do that, then we should be able to keep the program on track from a production standpoint. Operator: Thank you. Our next question is from Peter Strauss from Barclays. 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,

Verify independently

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