Lockheed Martin

CEO Jim Taiclet has pushed capacity expansion, digital transformation and an integrator narrative for emerging homeland missile defense concepts.

The April 2025 CFO transition to longtime insider Evan Scott provides continuity, yet the Q2 2025 program charges and the NGAD down‑select write‑off show that risk management on complex/classified and helicopter programs needs continued tightening.

We credit management for transparency, maintaining guidance on sales/FCF, and addressing TR‑3 phasing with customers. Overall: experienced team with clear strategic direction, but recent execution blemishes temper our score.