CLAIM #37670 · Lockheed Martin Corporation (LMT) · 2024Q4 earnings call · Jan 28, 2025 · due Dec 31, 2025
“But as you know, we're also focused on making sure that we can accelerate the speed of our throughput and drive that backlog conversion faster.”
Jay Malave · CFO
In context
“e: Yes. The line of sight, we do have a line of sight to growth again in 2025. I wouldn't say that it's 10%, but we certainly have some level of growth that we're expecting in 2025. On the backlog, I talked about the $10 billion order on the F-35 on Lot 19. I talked also earlier about the JASSM LRASM multiyear. That's in the range. That's multiple billions of dollars. There's others. There's the international opportunities as well. Türkiye's on the F-16 aircraft. There's just a whole slew of opportunities. We also have just continued F-35 sustainment contract which will also be multiple billions of dollars as well. CH-53K, Lot 9 is another one we'll be negotiating this year which is well above a billion dollars. So there's still an excellent line of sight to continue to grow this backlog. But as you know, we're also focused on making sure that we can accelerate the speed of our throughput and drive that backlog conversion faster. Operator: The next question comes from Pete Skibitski with Alembic Global. Your line is open. Pete Skibitski: Hey, good morning, guys. Jim or Jay. Just a follow up on MFC. As you guys think about what DoD is signaling to you in terms of the peak production volumes on the key munitions and MFC, do you guys need additional supplemental bills to kind of get to those levels and sustain those levels? Or do you already have kind of funding line of sight from the Ukraine supplemental and maybe what's in the 2025 baseline budget? Maybe the 2026 baseline? I just wanted to get a sense of budget risk there in terms of what your peak rates are assuming. Jay Malave: Yes, it's really not dependent on additional supplementals. I mean a lot of this is a lot of the capacity is going to be committed and or”
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SEC filings for LMT ↗ · Claim quote is verbatim from the 2024Q4 earnings call.