Lockheed Martin Corporation (LMT) CEO Jim Taiclet on Q4 2020 Results - Earnings Call Transcript

Jan. 26, 2021 5:28 PM ETLockheed Martin Corporation (LMT)
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Lockheed Martin Corporation (NYSE:LMT) Q4 2020 Earnings Conference Call January 26, 2021 11:00 AM ET

Company Participants

Greg Gardner - Vice President of Investor Relations

Jim Taiclet - President & Chief Executive Officer

Ken Possenriede - Chief Financial Officer

Conference Call Participants

Ron Epstein - Bank of America Merrill Lynch

Pete Skibitski - Alembic Global

Joseph DeNardi - Stifel

Kristine Liwag - Morgan Stanley

Carter Copeland - Melius Research

Robert Stallard - Vertical Research

Sheila Kahyaoglu - Jefferies

Doug Harned - Bernstein

Noah Poponak - Goldman Sachs

Richard Safran - Seaport Global Securities

Myles Walton - UBS

George Shapiro - Shapiro Research

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Lockheed Martin Fourth Quarter and Full Year 2020 Earnings Results Conference Call. At this time, all participants are in listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, today's conference is being recorded.

I would now like to turn the conference over to Greg Gardner, Vice President of Investor Relations. Please go ahead, sir.

Greg Gardner

[Technical Difficulty]

Jim Taiclet

Thanks, Greg. And good morning, everyone. I hope you've all had a great start to the New Year and at this call, I find you and your family safe and healthy. Welcome to our fourth quarter 2020 earnings call. As we review our results, strategic new business activities, key accomplishments and our outlook for 2021.

Before I begin, I'd like to take a moment to reflect on the loss of Michele Evans, our aeronautics business area leader, who passed away earlier this month. Michele dedicated 34 years of service to our company and touched the lives of countless people both inside and outside the corporation. I knew Michele for years and I can say that she was

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