Lockheed Martin Corporation LMT

Stock Split 5 for and the Golden Dome is my Favorite Belief !! LMT

Split Rumors ?

The Golden IRON DOME !!! Billions upon billions upon billions entering !! LMT !!

C Suite since 2020 M. Hewson departed is a complete mess.
How do you lose NGAD to Boeing?
Easy when you can’t deliver F35s…. Or try to deliver non compliant aircraft…… Customer will only be able to take so much.
Notice Trump never mentions F35/fighter jets when he lists all of our cutting edge defense platforms -as he did 2016-2020. Never. He mentions missles, rockets, missile defense,submarines…..

After a day to digest the call yesterday folks must be coming to terms with what really was presented: CEO thinks he actually won NGAD (we lost to Boeing ?). “New” CFO with 26 years at LM proved why they went outside the company 2 1/2 years ago to hire Malave. We need a new C Suite immediately. Never has such a great company been run by such average people - they all seem nice, but performance since 2020 post M Hewson has been poor.. see NGAD loss, F35 program disastrous TR 3, loss of classified programs and massive overruns.

Couldn’t get TR 3 to work for more than 4 years - how will they upgrade F35 “chassis” with all tech advantages learned from NGAD loss. More importantly does the customer have desire or funding for these upgrades….

Sounds like he’s reading his prepared remarks for the first time. And bad you can hear him turning the pages of the script. Why didn’t the hire Evan for the position 2 1/2 years ago since he’s been there 26 years- oh my now I know a couple sentences in ?. Can hear him turning pages as well.

Why does it sound like this is the first time Taiclet has read his prepared remarks. Also bad when you hear him turn the pages. Really wanted him to succeed, just isn’t happening.

Without Malave answering all the questions who is going carry the quarterly call later this morning? Certainly could use Stevens and Hewson back as advisors to select a new CEO. 5 Year performance since Hewson departed…. 2/2020 stock price 438, currently 445 ?

Evan Scott, been with LM for 26 years… so why did they go outside the company to hire Malave who was CFO at L3Harris ~2 1/2 years ago??
23 1/2 years of experience wasn’t enough in 2022?
As stated previously LM hasn’t been the same since M Hewson retired in 2020. Taiclet appears to be a nice person; sadly the NGAD debacle, numerous classified program failures/losses and write offs - that’s not on the numbers guy - it’s on the CEO and his program management team.