MAAT INDEX

CLAIM #37600 · Lockheed Martin Corporation (LMT) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2030

For example, by the 2030s, over 600 F-35s will be in operation across more than 10 European nations.

James Taiclet · CEO

PENDING
graded after results covering Dec 31, 2030 are reported

How to check this claim

Look at: Total number of F-35 aircraft in operation across European nations

It came true if: European F-35 fleet count > 600 aircraft, across more than 10 European nations

Where: Company-disclosed F-35 program figures (Lockheed Martin press releases, 10-K, or F-35 Joint Program Office reports)

In context

.1 billion in the quarter as we continue to implement working capital efficiencies and optimization. High confidence in our future cash generation prospects supported our Board's recent decision, to raise the quarterly dividend by 5% to $3.30, the 22nd consecutive year of increases and to extend our share repurchase authorization. Turning to the F-35, we delivered 48 F-35 aircraft in the quarter. We expect to deliver 90 to 110 aircraft in 2024 and the remaining balance of the Lot 15 to 17 aircraft thereafter. In addition, TR-3 flight testing continues with 95% of combat capabilities validated and additional capabilities progressing. With over 1,040 aircraft delivered and growing, the F-35 fleet has become an essential component of the collective security of the U.S. and our global allies. For example, by the 2030s, over 600 F-35s will be in operation across more than 10 European nations. And in July, Greece announced that it will be the 19th nation to fly the F-35 and will acquire 20 aircraft. Plus the rollout of the initial F-35 for Poland in August marked a significant milestone in our 20-plus year partnership with that country. The F-35 superior sensors, stealth and data sharing capabilities are setting new standards for interoperability and joint operations with our allies, serving as the cornerstone for NATO's deterrence and defense posture. To further augment the capabilities of the F-35 and our other major platforms, we are investing heavily in autonomy and AI as well as other enabling digital technologies. As an example, our Lockheed Martin AI Center and our RMS business area conducted realistic teaming scenarios with uncrewed aerial systems or drones, and uncrewe

Verify independently

SEC filings for LMT · Claim quote is verbatim from the 2024Q3 earnings call.