Lockheed Martin Corporation (LMT) Bank of America Industrials, Transportation & Airlines Key Leaders 2025 Conference (Transcript)

Lockheed Martin Corporation (NYSE:LMT) Bank of America Industrials, Transportation & Airlines Key Leaders 2025 Conference Call May 14, 2025 1:25 PM ET

Company Participants

Evan Scott - Chief Financial Officer

Conference Call Participants

Ronald Epstein - Bank of America

Ronald Epstein

Our next session is with Evan Scott, the Chief Financial Officer of Lockheed Martin. So Evan, thank you.

Evan Scott

Thanks for having me.

Ronald Epstein

Great to have you here. And I think you have a statement you got to say, first, and then we can take off with that.

Evan Scott

I appreciate it. I do. Thank you. So just starting out, statements made today that are not historical fact are considered forward-looking statements and are made pursuant to the safe harbor provisions of federal security law. Actual results may differ materially from those projected in the forward-looking statements. Please see Lockheed Martin’s SEC filings, including our 2024 Form 10-K for description of some of the factors that may cause actual results to differ materially from those in the forward-looking statements. Thank you.

Question-and-Answer Session

Q - Ronald Epstein

Cool. Yes. Thank you. So it’s great to have you here. So maybe a place to start off is, how are you all thinking about the budget environment and reconciliation and what that all means and or – what it means for Lockheed, where we could be going, that kind of thing.

Evan Scott

Yes. We’ve seen a lot that’s encouraging the budget. I mean, it’s still obviously a fluid environment there. But we do see a lot of the administration’s priorities aligning with our capabilities. And so we’ll continue to watch closely as that progresses I think given our strong backlog now, the good news for us is as we just continue to execute on our backlog, that continues to be a significant focus