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CLAIM #37627 · Lockheed Martin Corporation (LMT) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2027

As Jim mentioned, what we're looking at here is an output estimate of about 180 aircraft deliveries per year over the next three plus years.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: F-35 aircraft deliveries per year

It came true if: Annual deliveries approximately 180 (170-190) for each full year over the multi-year period 2025-2027

Where: Company-disclosed delivery figures (quarterly earnings releases / 10-K disclosures on F-35 deliveries)

In context

then follow-ons from partners that already have the aircraft in operation also were added Japan, Netherlands, Republican Korea and Israel. So the demand for the aircraft and actually essential need for the aircraft is there. Industry is getting together with the government, and I think in ways that we haven't done before to really make this a success. And we've got to work our way through the lot negotiation, which is, again, it's a timing issue as far as payments, and we got to work our way through TR3 integration, which is a technical issue. But literally, it's an all hands on deck, not just an industry, but I'd say in government to get this all done. Jay, any... Jay Malave: Yes. Let me just add to -- Doug, I'll try to give you a little bit of color on the cash impact to your question. As Jim mentioned, what we're looking at here is an output estimate of about 180 aircraft deliveries per year over the next three plus years. So effectively, what will happen is cash collections will smooth out over this period of time. This is important to point out that, that remains consistent with the low single-digit free cash flow growth framework that we've articulated today and previously. Just maybe a little bit on 2024. As I mentioned in my prepared remarks, we estimated the impact this year of unfavorable impact of about $600 million. That consists of two factors. Number one, less deliveries than the 156 rate. So we'll deliver in that range of 100 aircraft or so. So there's going to be less aircraft delivered and so there's an impact for cash flow from that. The second impact is the impact of the withholds. While we will release some of those with holds this year based on completion of milestones, there will still be

Verify independently

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