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CLAIM #37584 · Lockheed Martin Corporation (LMT) · 2024Q2 earnings call · Jul 23, 2024 · due Jul 23, 2025

So we're actually implementing those kinds of things on a standard base architecture into our products and services today, which I expect will continue to pull them through.

James Taiclet · CEO

PENDING
graded after results covering Jul 23, 2025 are reported

In context

udes driving the latest digital technologies kind of through an open architecture, standard-based system to the DoD. And by doing that and making our product services platforms compliant or in line with those future concepts of open architecture and standards to pull through those products, services and platforms. So we're starting to see that already. And we're demonstrating whether it's exercises or in real conflict like the Red Sea, doing things like over-the-air updates to the AEGIS system, which is decades old, but it can be improved very quickly now just like when you download overnight on your Tesla, we can do a download overnight over the air on the AEGIS radar and combat control system and double, triple the effectiveness against things like low flying drones and cruise missiles. So we're actually implementing those kinds of things on a standard base architecture into our products and services today, which I expect will continue to pull them through. Gavin Parsons: Great. Appreciate the detail. Operator: Thank you. Our next question is from Pete Skibitski from Alembic Global. Please go ahead. Pete Skibitski: Hey, good morning, guys. Guys on missiles and fire control, if you think about what was appropriate in the 2024 baseline budget and the Ukraine supplemental, how much order flow is still to come there for you guys at MFC? And also, just if we think about the growth cadence there, you talked about $750 million a year in the past, you're going to be well above that this year. So I'm just wondering if that cadence is going to come back into play 2025 on a higher baseline. Thanks. Jay Malave: Sure. I mean there's still plenty of runway in orders at MFC. As I mentioned, the book-to-bill in the quarter was above 2%, and we're still expe

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SEC filings for LMT · Claim quote is verbatim from the 2024Q2 earnings call.