Lockheed Martin Corporation (LMT) CEO Jim Taiclet on Q1 2022 Results - Earnings Call Transcript

Lockheed Martin Corporation (NYSE:LMT) Q1 2022 Results Conference Call April 19, 2022 11:00 AM ET

Company Participants

Greg Gardner - VP, IR

Jim Taiclet - Chairman, President and CEO

Jay Malave - CFO

Conference Call Participants

Rob Spingarn - Melius Research

Sheila Kahyaoglu - Jefferies

Ron Epstein - Bank of America

Rich Safran - Seaport Research Partners

Kristine Liwag - Morgan Stanley

Cai von Rumohr - Cowen & Company

Seth Seifman - JP Morgan

David Strauss - Barclays

Peter Arment - Baird

Matt Akers - Wells Fargo

Pete Skibitski - Alembic Global Advisors

Myles Walton - UBS

George Shapiro - Shapiro Research

Rob Stallard - Vertical Research

Doug Harned - Bernstein

Operator

Good day, and welcome, everyone, to the Lockheed Martin First Quarter 2022 Earnings Results Conference Call. Today's call is being recorded.

At this time, for opening remarks and introductions, I would like to turn the call over to Mr. Greg Gardner, Vice President of Investor Relations. Please go ahead, sir.

Greg Gardner

Thank you, John, and good morning. I'd like to welcome everyone to our first quarter 2022 earnings conference call. Joining me today on the call are Jim Taiclet, our Chairman, President and Chief Executive Officer; and Jay Malave, our Chief Financial Officer.

Statements made in today's call that are not historical fact are considered forward-looking statements and are made pursuant to the safe harbor provisions of federal securities law. Actual results may differ materially from those projected in the forward-looking statements. Please see today's press release and our SEC filings for a description of some of the factors that may cause actual results to differ materially from those in the forward-looking statements.

We have posted charts on our website today that we plan to address during the call to supplement our comments. These charts also include information regarding non-GAAP measures that may be used in today's call. Please access our website at www.lockheedmartin.com and click on the Investor Relations link to view and follow the charts.

With that, I'd like to turn the call over to Jim.

Jim Taiclet

Thanks, Greg. Good morning, everyone, and thank you for joining us on our first quarter 2022 earnings call.

I'll begin today by welcoming Jay Malave to our executive management team. Many of you have worked with Jay during his two-decade-plus career in the aerospace and defense industry and know him to be an exceptional financial professional and an outstanding leader. We're excited to have Jay join our company. On a personal level, I'm extremely pleased to be working with him. I'd also like to recognize John Mollard, he's with us today for his tremendous contributions as our acting CFO. We're grateful to John for his leadership and financial acumen, and he's continued as a key member of our team, leading our treasury organization.