Q2 2025 Lockheed Martin Corp Earnings Call Transcript
Key Points
- Lockheed Martin Corp (LMT) reported $18 billion in sales for the second quarter, demonstrating strong revenue generation.
- The company invested $800 million in infrastructure and innovation, indicating a commitment to future growth.
- Lockheed Martin Corp (LMT) returned $1.3 billion to shareholders, showcasing a strong commitment to shareholder value.
- The F-35 program remains on track with 97 deliveries so far this year, highlighting operational efficiency.
- Lockheed Martin Corp (LMT) demonstrated the effectiveness of its systems in recent combat operations, reinforcing its role in national security.
- Lockheed Martin Corp (LMT) recognized $1.8 billion in losses across several legacy programs, impacting financial performance.
- The company faced significant charges related to the Aeronautics Classified Program and other legacy programs, indicating ongoing challenges.
- US government sanctions affected the Turkish Utility Helicopter Program, resulting in a $95 million loss.
- The Canadian Maritime Helicopter Program incurred a $570 million loss due to revised cost and sales estimates.
- The IRS asserts that Lockheed Martin Corp (LMT) owes $4.6 billion in additional income tax, creating potential financial uncertainty.
Good day and welcome everyone to the Lockheed Martin Second Quarter 2025 Earnings Results Conference Call. Today's call is being recorded. (Operator Instructions)
At this time, for opening remarks and introductions, I would like to turn the call over to Maria Ricciardone, Vice President, Treasurer and Investor Relations. Please go ahead.
Thank you, Sarah. Good morning. I'd like to welcome everyone to our Second Quarter 2025 Earnings Conference Call. Joining me today on the call are Jim Taiclet, our Chairman, President, and Chief Executive Officer; and Evan Scott, our Chief Financial Officer.
Statements made in today's call that are not historical facts are considered forward-looking statements and are made pursuant to the safe harbor provisions of the Federal Securities Law. Actual results may differ materially from those projected in the forward-looking statements. Please see today's press release and our SEC filings for a description of some of the
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