FINANCE

Lockheed Martin Corporation (LMT) Presents at Morgan Stanley’s 13th Annual Laguna


Lockheed Martin Corporation (NYSE:LMT) Morgan Stanley’s 13th Annual Laguna Conference September 11, 2025 11:30 AM EDT

Company Participants

Evan Scott – Senior VP & CFO
James Taiclet – Chairman, President & CEO

Conference Call Participants

Kristine Liwag – Morgan Stanley, Research Division

Presentation

Kristine Liwag
Executive Director, Head of Aerospace & Defense Equity Research and Equity Analyst

Good morning, everyone. So hi, everyone. Good morning. I’m Kristine Liwag, Morgan Stanley’s Aerospace and Defense analyst. Very excited to host our next panel here with Lockheed Martin. So very excited to have on stage with us, Jim Taiclet, Chairman and CEO; and Evan Scott, CFO. Welcome, gentlemen.

Evan Scott
Senior VP & CFO

Thank you.

Question-and-Answer Session

Kristine Liwag
Morgan Stanley, Research Division

So maybe we could kick off. Evan, you’ve got some statements to read.

Evan Scott
Senior VP & CFO

Yes. Thank you. Statements made today that are not historical fact are considered forward-looking statements and are made pursuant to the 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, including our 2024 annual report and Form 10-K and subsequent quarterly reports on Form 10-Q for description of some of the factors that may cause actual results to differ materially from those in the forward-looking statements. Thank you.

Kristine Liwag
Morgan Stanley, Research Division

Thanks, Evan. And maybe, Jim, I’m not sure if you’d like to start with some remarks.

James Taiclet
Chairman, President & CEO

Sure. First of all, I want to reemphasize that Evan and I and our team are heavily focused on financial and operational performance. It’s our #1 priority. And just in the past few months, I’ve had 4 overseas trips to inspect our production lines to talk to local management and to meet with customers and



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