LMT - Lockheed Martin Corporation (LMT) TD Cowen 45th Annual Aerospace & Defense Conference (Transcript)
2024-02-14 15:57:10 ET
Lockheed Martin Corporation (LMT)
TD Cowen 45th Annual Aerospace & Defense Conference
February 14, 2024 10:00 AM ET
Company Participants
Jay Malave - Chief Financial Officer
Conference Call Participants
Cai von Rumohr - TD Cowen
Presentation
Cai von Rumohr
Okay. So we're going to move on. We're delighted to have with us Lockheed Martin and their Jay Malave.
And Jay, you're going to read a Reg FD statement to start.
Jay Malave
Statements made today that are not historical facts are considered forward-looking statements and are made pursuant to safe harbor provisions of federal securities laws. Actual results may differ materially from those projected in the forward-looking statements. Please see Lockheed Martin’s SEC filings included our 2023 or 10-K for description of some of the factors that may cause actual result differ materially from those forward-looking statements.
Cai von Rumohr
Terrific. Thank you.
Jay Malave
Thank you, a little bit louder.
Cai von Rumohr
Good, strong voice anyway.
Question-and-Answer Session
Q - Cai von Rumohr
So supply chain has been a problem for you, problem for the industry. What are you seeing there? And what are you -- how are you doing with your plan to set up a third solid rocket motor source?
Jay Malave
So supply chain, I'd say in general, Cai, I'll go back to the fourth quarter, and I'll come back to what we're seeing thus far in the first quarter. In the fourth quarter, we did see incremental sales, which was incremental throughput, which largely was on the back of supply chain. So we saw some better performance there. And I would say, 2023 in general was better than 2022 on-time delivery perspective....
Lockheed Martin Corporation (LMT) TD Cowen 45th Annual Aerospace & Defense Conference (Transcript)