Lockheed Martin Investor Presentation — April 2024

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LOCKHEED MARTIN PROPRIETARY INFORMATION

www.lockheedmartin.com/investor

Webcast replay & podcast available by 2:00 p.m. ET

April 23, 2024 at: www.lockheedmartin.com/investor

Audio replay available from 2:00 p.m. ET

April 23, 2024 through midnight April 24, 2024JAMES D. TAICLET

Chairman, President and CEO

Chief Financial Officer

1st Quarter 2024 Conference Call

1Q Earnings Results Conference CallForward -Looking Statements

This presentation contains statements that, to the extent they are not recitations of historical fact, constitute forward -lookin g statements within the meaning of the federal securities laws, and are based on Lockheed Martin’s

current expectations and assumptions. The words “believe,” “estimate,” “anticipate,” “project,” “intend,” “expect,” “plan,” “ outlook,” “scheduled,” “forecast” and similar expressions are intended to identify forward -looking

statements. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual resu lts may differ materially due to factors such as: the company’s reliance on contracts with the U.S.

Government, which are dependent on U.S. Government funding and can be terminated for convenience, and the company’s ability t o negotiate favorable contract terms; budget uncertainty, the risk of future budget cuts, the

impact of continuing resolution funding mechanisms and the debt ceiling and the potential for government shutdowns and changi ng funding and acquisition priorities; risks related to the development, production, sustainment,

performance, schedule, cost and requirements of complex and technologically advanced programs, including the F -35program; plann ed production rates and orders for significant programs, compliance with stringent performance

and reliability standards, and materials availability, including government furnished equipment; the timing of contract award s or delays in contract definitization as well as the timing and customer acceptance of product deliveries

and performance milestones; the company’s ability to recover costs under U.S. Government contracts and the mix of fixed -price an d cost -reimbursable contracts; customer procurement policies that shift risk to contractors,

including competitively bid programs with fixed -price development work or follow -on production options or other financial risks; and the impact of investments, cost overruns or other cost pressures and performance issues on fixed

price contracts; changes in procurement and other regulations and policies affecting the company’s industry, export of its pr oducts, cost allowability or recovery, preferred contract type, and performance and progress payments