| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 23, 2026 | 9/12 | 1 high, 3 medium, 3 low flags | 4 | 0 | Call sheet → |
| Q1'26 | April 23, 2026 | 9/12 | 1 high, 5 medium, 1 low flags | 2 | 1 | Call sheet → |
| Q4'25 | January 29, 2026 | 9/12 | 4 medium, 2 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | ERP system impact to be resolved by Q2 FCF swung from -$291M to +$2.9B, system issues resolved |
| Q2'26 | Exceeded | Sales growth acceleration in Q2 11% growth versus flat Q1, clear acceleration delivered |
| Q2'26 | Pending | Margins to improve in second half of 2026 Q2 margins at 10.8%, need to see H2 performance |
| Q2'26 | Pending | Free cash flow of $6.5-6.8B for full year Raised to $7.0-7.2B, Q2 showed strong $2.9B generation |
| Q2'26 | Delivered | F-16 successful flight test and deliveries to begin 2 units delivered but well below normal run rate |
| Q2'26 | Delivered | C-130 deliveries to resume in Q1 4 delivered by call date, 7 total in Q2, but with continued charges |
| Q1'26 | Delivered | No additional charges on classified programs Both Aeronautics and MFC classified programs had no charges in Q1 as stated |
| Q1'26 | Pending | MFC double-digit growth rate through end of decade Q1 showed 8% growth, below double-digit threshold, but early in ramp |
| Q1'26 | Pending | Free cash flow $6.5-6.8B for full year 2026 Maintained guidance despite -$291M Q1 burn, claimed confident in upper end of range |
| Q1'26 | Pending | F-35 deliveries to be in line with 156 aircraft production rate No Q1 delivery numbers provided, will track through year |
| Q1'26 | Delivered | PAC-3 framework agreement to be definitized in early 2026 $4.8B contract signed in April as promised, demonstrating government commitment |
| Q1'26 | Missed | C-130 integration challenges resolved, deliveries resuming Management said issues were resolved in Q4, but Q1 still shows 'integration challenges and supplier constraints persisted' |
| Q4'25 | Delivered | Lower expected cost volume and slower production ramps at Sikorsky RMS sales guidance reduced by $500M due to Sikorsky issues as predicted |
| Q4'25 | Pending | We expect to carry the momentum from 2025 into this year 2026 guidance suggests 5% growth, consistent with 2025 momentum |
| Q4'25 | Delivered | Mid-single-digit top-line growth in 2025 Achieved 6% sales growth at midpoint |
| Q4'25 | Delivered | Continue to see broad support for national defense priorities given the unsettled geopolitical situation 7-year framework agreements demonstrate continued government support |
| Q4'25 | Exceeded | Free cash flow of $6.6 billion in 2025 Generated $6.9 billion, $300M above guidance |
| Q4'25 | Exceeded | F-35 deliveries between 175-190 aircraft in 2025 Delivered 191 aircraft, above high end of guidance range |
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