Lockheed Martin (LMT) risk factors: FY2025 10-K

1. We depend heavily on contracts with the U.S. Government for a substantial portion of our business. Changes in the U.S. Government’s priorities, or delays or reductions in spending could have a material adverse effect on our business.
2. The F-35 program comprises a material portion of our revenue and reductions or delays in funding for this program and risks related to performance, schedule, cost and requirements of the program could adversely affect our performance.
3. We are subject to extensive procurement and other laws, regulations, and contract terms, including those that enable the U.S. Government to terminate contracts for convenience. Our business and reputation could be adversely affected if we or those we do business with fail to comply with these laws, regulations, or terms.reworded
4. Executive Orders.new
5. Undefinitized Contract Action (UCA).
6. Bid Protests.
7. Contract Termination.
8. Competition and changing customer procurement policies could adversely affect our business and financial results.reworded
9. Our profitability and cash flow may vary based on the mix of our contracts and programs, our performance, and our ability to estimate and control costs.reworded
10. We are routinely subject to audit by our customers on government contracts, including audits relating to our disclosed Cost Accounting Standards (CAS) rate structure or any changes to our CAS rate structure and the results of those audits could have an adverse effect on our business, reputation and results of operations

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1. We are heavily dependent on suppliers and if our subcontractors or other suppliers or teaming agreement or joint venture partners fail to perform their obligations, our performance and ability to win future business could be adversely affected.
2. Our success depends, in part, on our ability to develop new technologies, products and services and efficiently produce and deliver existing products.
3. Geopolitical, macroeconomic and public health events and conditions could adversely affect our business, financial condition and operating results.
4. Macroeconomic.
5. Public health.
6. International sales may pose different economic, regulatory, competition and other risks.
7. We may be unable to benefit fully from or adequately protect our intellectual property rights or use third-party intellectual property, which could negatively affect our business.
8. Our business and financial performance depends on us identifying, attracting and retaining a highly skilled workforce.
9. Cyber-attacks and other security threats and disruptions could have a material adverse effect on our business.Cybersecurity
10. If we fail to successfully complete or manage acquisitions, divestitures, equity investments and other transactions or if acquired entities or equity investments fail to perform as expected, our financial results, business and future prospects could be harmed.

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1. Pension funding requirements and costs are dependent on return on pension assets and other economic and actuarial assumptions which, if changed, may cause our future earnings and cash flow to fluctuate significantly and affect the affordability of our products and services.
2. Our estimates and projections may prove to be inaccurate and certain of our assets may be at risk of future impairment.
3. Changes in tax laws and regulations and interpretations or exposure to additional tax liabilities could adversely affect our financial results.reworded
4. Our business involves significant risks and uncertainties that may not be covered by indemnity or insurance.
5. Environmental regulations, including in relation to climate change, could adversely affect our future earnings as well as the affordability of our products and services.
6. We are involved in a number of legal proceedings. We cannot predict the outcome of litigation and other contingencies with certainty.

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1. There can be no assurance that we will continue to pay or increase our dividend or to repurchase shares of our common stock.reworded

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