CLAIM #37725 · Lockheed Martin Corporation (LMT) · 2025Q2 earnings call · Jul 22, 2025 · due Jul 22, 2026
“I'm confident that the F-35 production rate will stay strong.”
James Taiclet · CEO
In context
“ou know, despite just a lot of F-thirty five being delivered, as Jim mentioned, we delivered 50 this quarter, continue to deliver strong. We still have three eleven in backlog as we end the second quarter and we expect to add about another 150 with lot 19 coming up the second half of the year. So in terms of looking ahead and being able to plan for production plans, we've got a fair bit of flexibility, based on the strength of our backlog today. Yeah. That that's right. We can because we've got, know, a couple of your lead times, we can move international in and out. And as you as you heard, there plus ups in a number of current customers and there's interest in others. Which, of course, I can't get into at this point. But it could be very exciting. So we'll have to play all that out, but I'm confident that the F-35 production rate will stay strong. Operator: The next question comes from Sheila Kahyaoglu with Jefferies. Your line is open. Sheila Kahyaoglu: Thank you. Good morning, Jim and Evan. Maybe if we could talk and Maria, maybe if we could talk about two items because I'm a bit confused First, if we could touch upon the $4.6 billion tax liability commentary. What's that related to? And how would it impact free cash flow going forward? And Evan, on the $6 billion free cash flow target for '26 down 10% versus twenty five, How much of that is any forward losses, working capital investment? What's the benefit from $1.74, If you could clarify in any pension contribution assumed in that number. Thank you. Evan Scott: Sheila, appreciate the question. So with respect to the tax NOPA that we received from the IRS, we have filed our appe”
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SEC filings for LMT ↗ · Claim quote is verbatim from the 2025Q2 earnings call.