MAAT INDEX

CLAIM #37789 · Lockheed Martin Corporation (LMT) · 2025Q4 earnings call · Jan 29, 2026 · due Dec 31, 2027

That requirement does come back in starting in 2027, of at least a billion dollars depending on how we look in terms of pension performance this year.

Evan Scott · CFO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Required pension contribution for fiscal year 2027

It came true if: >= $1 billion (unless pre-funded in 2026, in which case required 2027 contribution would be $0)

Where: Company 10-K / pension footnote disclosures or management commentary on 2027 earnings calls

In context

to identify any other potential risks and opportunities even to drive better outcomes on a much more timely basis. So where the program stands today, we're very confident in it. We're very confident in the team that we have on the field now to execute it. And it's being monitored monthly, as never before. Evan Scott: And I'll address the pension. And it's important to note when it comes to free cash flow. I think you've seen in 2025 and now in 2026, I think we've done a very good job with a lot of focus to convert working capital to operating cash. So between the two years, you do see a significant uplift in operational cash. What that meant in 2025, of course, is that we had the ability to prefund the required 2026 pension in full such that there's no required this year to your question. That requirement does come back in starting in 2027, of at least a billion dollars depending on how we look in terms of pension performance this year. I think with the strong cash flow that we're seeing this year, we'll continue to be opportunistic as we have in prior years. If we could drive free cash flow to such a way again this year, there may be an opportunity to pre-fund 2027's required pension as well. So we'll continue to stay focused on that and advise as we make progress. Operator: The next question comes from Myles Walton with Wolfe Research. Your line is open. Myles Walton: Great. Thanks, and good morning. Jim, on last quarter's call, I think we talked about R&D and CapEx as a percent of sales. And at the time, you didn't see a need for that to rise materially. But, obviously, that's changed here in the release. I think I understand the CapEx side for a capacity build-out, but what changed specifically in terms of opportunit

Verify independently

SEC filings for LMT · Claim quote is verbatim from the 2025Q4 earnings call.