Lockheed Martin Corp (FRA:LOM)

€ 434.25 -0.45 (-0.1%) Market Cap: 104.36 Bil Enterprise Value: 119.79 Bil PE Ratio: 17.16 PB Ratio: 16.85 GF Score: 89/100

Lockheed Martin Corp at Goldman Sachs Industrials and Materials Conference Transcript

May 16, 2019 / 04:20PM GMT

Release Date Price: €301.55 (+0.80%)

Transcript

Noah Poponak

Goldman Sachs Group Inc., Research Division - Equity Analyst

(technical difficulty)

the backlogs of large defense companies, and going back to kind of the middle of the defense spending downturn, call it, 2012 to today. And most large defense companies and that -- from then to today have grown the backlog as the budget has recovered and the end market has improved. But most other large defense companies have grown that backlog at about 25%. And actually, for most of them, it's been pretty much the exact same number. And then there is Lockheed Martin's 75% growth of that backlog. And your revenue growth is more resilient during the downturn.

Questions & Answers

Noah Poponak

Goldman Sachs Group Inc., Research Division - Equity Analyst

It's been faster coming out. We all saw what happened in the first quarter. What's up with that? What have you done strategically? What did you do strategically 10 years ago that served to put the company in that position? And what are you doing today to keep that going in the future?

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