CLAIM #37768 · Lockheed Martin Corporation (LMT) · 2025Q4 earnings call · Jan 29, 2026 · due Dec 31, 2026
“F-35 production will see a slight lift due to lot mix and pricing, with the production rate holding steady at 156 aircraft per year.”
Evan Scott · CFO
How to check this claim
Look at: F-35 aircraft deliveries (and production rate), fiscal year 2026
It came true if: F-35 deliveries between 150 and 162 aircraft
Where: Company-disclosed F-35 delivery figures (10-K / quarterly earnings materials, Aeronautics segment)
In context
“rise resource planning system to start the year. We expect this internal investment will unlock speed and drive efficiencies across the enterprise, helping us to maintain cost and schedule for customers and create value for shareholders. In 2026, we are forecasting sales to be in the range of $77.05 to $80 billion, up $3.7 billion at the midpoint, applying a solid 5% organic growth year-over-year. Segment operating profit is anticipated to be in the range of $8.425 to $8.675 billion, resulting in a midpoint margin of 10.9%. Before moving to EPS, I'll briefly step through some of the business area dynamics. First, Aeronautics. We expect low single-digit overall growth in 2026, with Skunk Works and F-35 sustainment leading the way, each with potential for double-digit growth year-over-year. F-35 production will see a slight lift due to lot mix and pricing, with the production rate holding steady at 156 aircraft per year. We expect deliveries to be in line with the production rate this year. Aero margins of 9.8% at the midpoint reflect the dilutive nature of the growth in Skunk Works and from F-35 sustainment. At MFC, we estimate the ongoing missile production ramps to drive 14% year-over-year sales growth at the midpoint, with margins expected to remain consistent with 2025 levels. Next, at RMS, we anticipate overall sales to grow in the low single-digit range, with higher growth coming from Sikorsky driven by the CH-53K and Black Hawk programs, partially offset by program timing and lifecycle headwinds on several radar training programs. RMS margins at 10.5% at the midpoint include impacts due to portfolio mix and program life cycles. Finally, space is projected to grow approximately 5% year-over-year at”
Verify independently
SEC filings for LMT ↗ · Claim quote is verbatim from the 2025Q4 earnings call.