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CLAIM #37630 · Lockheed Martin Corporation (LMT) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2025

I remain confident that we'll be able to do that through the combination of organic working capital reduction as well as some level of inorganic mostly on the debt side.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

nd if so, what the timing of that might be? Jay Malave: Yes. Thanks, Rich. Essentially, in my prepared remarks, I talked about the inorganic and organic means of managing this pension headwind. The inorganic would essentially be the issuance of debt as a primary enabler to be able to do that. That's still on the table. As I said on my prepared remarks that we're going to go through between here and the end of the year and finalize our plans based on various factors. And as you would expect, we're trying to exhaust all of the opportunities on an organic basis. So what can we bring out in working capital over this period of time to be able to offset as much as possible. To the extent that we can't, we do have the ability to go on financing to take out. I think the key takeaway there is that I remain confident that we'll be able to do that through the combination of organic working capital reduction as well as some level of inorganic mostly on the debt side. Operator: Our next question will come from the line of David Strauss of Barclays. Please go ahead. David Strauss: Just wanted to clarify on the longer-term framework relative to what you had said previously on 2025. I think you had talked about a 2025 growth in line with 2024, which is at 5%. So is that still the case or not? I know this is out through 2027. If you could just touch on that. And then Maybe, Jim, if you could touch on progress on the solar rocket motor side of things in terms of how that's going? Obviously, you announced this partnership with General Dynamics during the quarter as well. Thanks. Jay Malave: Just on the framework as it relates to 2025. 2025 is very consistent with the multi-year framework that's on that chart, which is our starting point here is a low single-

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