Lockheed Martin 4th Quarter 2014 Financial Results Conference Call
Forward Looking Statements
Our presentation contains "forward-looking statements" or projections based on Lockheed Martin's current expectations and
assumptions. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual
results may differ materially due to factors such as: the availability of funding for the Corporation's products and services;
changes in customer priorities and requirements including declining budgets resulting from affordability initiatives, our
dependence upon U.S. Government contracts, (e.g., the F-35 program), the deferral or termination of awards, budget
uncertainty arising from sequestration or Congressional actions intended to replace sequestration, U.S. Government
operations under a continuing resolution, and the success of our strategy to mitigate some of these risks focusing on
expanding into adjacent markets and growing international sales; lower demand for services due to improved product field
performance requiring less service support; lower in-theater support as troop levels are drawn down; and increased re-
competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are
awarded primarily on the basis of price; the accuracy of the Corporation's estimates and assumptions; the ability to
implement, pace and effect of capitalization changes; difficulties in developing and producing operationally advanced
technology systems, cyber security or other security threats, information technology failures, natural disasters, public health
crises or other disruptions; the timing and customer acceptance of product deliveries; materials availability and the
performance of key suppliers, teammates, joint venture partners, subcontractors, and customers; charges from any future
impairment reviews that may result in the recognition of losses and a reduction in the book value of goodwill or other long-
term assets; the future effect of legislation, rulemaking, and changes in accounting, tax, defense procurement, changes in
policy, interpretations, or challenges to the allowability and recovery of costs incurred under government cost accounting
standards, export policy, changes in contracting policy and contract mix; the future impact of acquisitions or divestitures,
joint ventures, teaming arrangements, or internal reorganizations; compliance with laws and regulations, the outcome of legal
proceedings and other contingencies, and U.S. Government identification of deficiencies in the Corporation's business
systems; the competitive environment for the Corporation's products and services, and potential for delays in procurement
due to bid protests; the Corporation's efforts to increase the efficiency of its operations and improve the affordability of its
products and services including difficulties associated with: moving or consolidating operations; reducing the size of the
workforce; providing for the orderly transition of management; attracting and retaining key personnel; and supply chain
management; and economic, business, and political conditions domestically and internationally (including potential impacts
resulting from tensions over Ukraine) and the Corporation's increased reliance on securing international and adjacent
business. Except where required by applicable law, we disclaim any duty to update these forward-looking statements.
Our SEC filings (found at www.lockheedmartin.com/investor, or through the website maintained by the SEC at www.sec.gov),
including, our Annual Report on Form 10-K for the year ended Dec. 31, 2013, contain more information on the types of risks
and other factors that could adversely affect these statements.
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January 27, 2015View entire presentation