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Lockheed Martin Corp (LMT) Presents at UBS Global Industrials and Transportation Conference - (Transcript)

Jun. 02, 2020 4:19 PM ETLockheed Martin Corporation (LMT)
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Lockheed Martin Corp (NYSE:LMT) UBS Global Industrials and Transportation Conference June 2, 2020 1:20 PM ET

Company Participants

Kenneth Possenriede - EVP & CFO

Conference Call Participants

Myles Walton - UBS Investment Bank

Myles Walton

Welcome to the UBS Industrials and Transportation Conference. Welcome back. For those who -- you who have been on previous sessions, I'm Myles Walton, I'm the aerospace, defense and airlines analyst here at UBS.

It's a pleasure to moderate this next fireside chat with the Chief Financial Officer of Lockheed Martin, Ken Possenriede. Ken, welcome. I know you have a disclosure statement to make, and then we'll get right into the Q&A.

Kenneth Possenriede

Great. Thanks, Myles. Thanks for having me. Yes. A little bit of a housekeeping matter. So statements made in today's call that are not historical fact are considered forward-looking statements and are made pursuant to the safe harbor provisions of federal securities law. Our actual results may differ materially from those projected in the forward-looking statements. Please see our SEC filings for a description of some of the factors that may cause actual results to differ materially from those in the forward-looking statements. So thanks, Myles.

Question-and-Answer Session

Q - Myles Walton

No. That's great. So why don't we kick it off with a topic of near term first on the COVID-19 impacts that you're having to deal with both in your supply chain and as well as is in your own facilities? And maybe just update us on how that's progressing, your kind of return-to-normal strategy. I understand it's more of a 2Q impact. Is that looking like it's going to be contained to 2Q? And any other color you want to offer there.

Kenneth Possenriede

You bet. Thanks, Myles. First, I'd have to say, and foremost, the health and safety of our workforce is our #1

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