CLAIM #37702 · Lockheed Martin Corporation (LMT) · 2025Q1 earnings call · Apr 22, 2025 · due Dec 31, 2027
“yeah, I do think we see a path to, you know, a little bit better than we laid out prior, at least at the lower end of the low single-digit growth.”
Maria Ricciardone · VP Treasurer & IR
How to check this claim
Look at: Total company sales growth rate, long-term outlook (annual, as guided by management)
It came true if: Reported/guided long-term annual sales growth rate above the previously communicated low-single-digit low end (i.e., low-single-digit growth trending toward or above ~3%, rather than at the very bottom of that range)
Where: Company guidance and management commentary on long-term growth outlook (quarterly earnings calls, investor day materials)
In context
“o international customers, and has there been any direct discussions about funding or timing from the Air Force? James Taiclet: That'll be an element-by-element exportability decision by the U.S. government. But what we try to do is build exportability into each of these components. And so we will offer, you know, of course, the U.S. government gets first view of these things. They'll get to adjudicate whether it's exportable and to whom. But our goal is to make as much of this capability, this value capability that we can for fifth gen to have our allies get access to it too. But that's the U.S. government decision, but we try to design in a way that it's a relatively hopefully, an easier decision for exportability rather than a harder one. Maria Ricciardone: And on the long-term growth, yeah, I do think we see a path to, you know, a little bit better than we laid out prior, at least at the lower end of the low single-digit growth. And, you know, that's fueled by a few things. As you point out, the strong missile orders in Q1, there's also pressure to increase international budgets around the world. And then I'd also say seeing another quarter at 4% sales growth shows that the supply chain does continue to perform. And as we've talked about, it hasn't really been a question of demand. It's been more a question of being able to execute on the supply side. And we are seeing that continue as well. So even with the NGAD loss, that was probably more impactful farther out in the future. And over the next few years, more than offset by some of these other opportunities that we're seeing now. James Taiclet: Yep. And for example, like the F-35 sustainment contributing to these long-term growth trajectories, the aircraft numb”
Verify independently
SEC filings for LMT ↗ · Claim quote is verbatim from the 2025Q1 earnings call.