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CLAIM #37810 · Lockheed Martin Corporation (LMT) · 2026Q1 earnings call · Apr 23, 2026 · due Apr 23, 2030

the goal is to sort of have a ratable increase from our current levels of production, which is last year 650 Patriot missiles per year up to 2,000. And that's going to take 3 to 4 years depending on supply chain and other considerations, but we really do think we can get it done in 3 to 4 years.

James Taiclet · CEO

PENDING
graded after results covering Apr 23, 2030 are reported

How to check this claim

Look at: Annual Patriot (PAC-3) missile production rate, units per year

It came true if: Annual production rate >= 1800 units/year (approaching the 2,000 target) reached within the stated 3-4 year window from 2026

Where: Company-disclosed production rate (10-K, investor day, or earnings call commentary on Patriot/PAC-3 production)

In context

like previous years, but I think we've demonstrated our ability to close the year strong and hit our cash flow guide. And then with the support that we've gotten from the tax policy, which helps enable and incentivize investment in American manufacturing, that gives us additional confidence to hit the top end of our range this year. Operator: Your next question comes from Gautam Khanna with TD Cowen. Gautam Khanna: Was wondering if you could comment on the pinch points in ramping MFC capacity. I know you guys have the JV you're building with GD on solid rocket motors and just wanted to see like how quickly can missile capacity actually be raised? And if you're throwing even more money at it, can it be pulled forward more substantially than maybe what people are thinking. James Taiclet: So the goal is to sort of have a ratable increase from our current levels of production, which is last year 650 Patriot missiles per year up to 2,000. And that's going to take 3 to 4 years depending on supply chain and other considerations, but we really do think we can get it done in 3 to 4 years. the supply chain improvements that we're pursuing, the General Dynamics slacked Martin teaming on solid rocket motors, also Northrop Grumman is looking at expanding a solid rocket motor business potentially into Patriot. And there's some commitments there that we think will bear some fruit. The other pinch point. So I think we've got solid rocket motors, I don't want to say covered, but we've got a lot of interest in it. You may have heard that L3Harris is spinning out its SRM business to -- and also have support from the U.S. government to finance and fund their expansion, which they've already announced where it's going to be and how it's going to happen. So that's a good sign. Secondly, Northrop's commitment is a good sign. Thirdly, General Dynamics partnership with us is another good

Verify independently

SEC filings for LMT · Claim quote is verbatim from the 2026Q1 earnings call.