From where you sit at Lockheed, what is the state of the U.S. Missile Manufacturing Industrial Base?

absolutely terry happy to talk about that so i think the um this trend has been developing since the uh ukrainian conflict began a few years ago there's a recognition not just by the united states but by the entire world that first national defense really is important again um and and um and if you're going to be able to deter a potential opponent and then if you if that deterrence were to fail you know prosecute a defense actively you need far more munitions than perhaps anybody in the world had estimated.

And much of that is driven by the increased threat, the increased number of nations who have ballistic missiles, who have cruise missiles and that kind of capability.

So I think there's been a broad recognition that has been growing that to do what we needed to do both as a nation and globally as a free world.

We needed more stocks of munitions out there.

And so what has changed, I think, now in the last few months is that the Department of War has a very innovative concept of applying commercial practices to this particular problem and providing for long term agreements, long term contracts.

And that really is a game changer for us.

So what really does have to come together? $9 billion worth plus, I'm sure, to build a production capacity that can generate, that can meet that demand on a predictable basis.

I mean, that's nice to hear.

Listen, my phone was going crazy, but when like kids, they come to you and say, Dad, you know, my oldest boy is 23 and he told me about Nestori years and years ago.

My 21-year-old boy speaks to Nestori.

I don't speak to Nestori and the players.

I have like a little bit of distance, but I'm a big fan.

Okay.

Big, big fan.

What was it around going on in that time where you were all at the top of your game and winning titles and playing in the best leagues? What was happening?

And what could be done in order to, to recreate stars like that?

It's simple, because, um, all the players that played for Australia back then, I didn't come through the system.

I was told I wasn't good enough.

I left at 16 and went and had a trial.

A lot of us left early.

Um, and it was sort of like the AIS, which is the equivalent, equivalent of like an academy, uh, that y- you have here for England.

But it's pathways.

Mm.

Well, uh, as you consider, uh, that ramp up, even with the assistance of the Pentagon, are there still constraints to, to the speed at which you can ramp up capacity, whether in the supply chain or elsewhere? What are the headwinds facing this effort, Tim?

Yeah, Kaylee, that's a great question, and, and you can imagine if you have thousands of suppliers and tens of thousands of parts and you need every single one of them, anything can become a bottleneck.

But to first order, absolutely, we have, we are addressing everything from material, things like titanium, which is critical to the build of solid rocket motors, all the way through advanced circuit boards.

These are actually pretty intelligent, uh, machines that we are building.

They're not just simple ballistic rockets, and so all those components have to come together.

And fundamentally what we are doing is, in partnership with the Department of War and all of our suppliers, is that we are methodically going through every single choke- potential choke point, every single, if you, if you will, iron bar, everywhere where there is a potential for a, a something that could hold us up, and we are trying to crush each of those things one by one.

And whether it's getting materials faster, getting buildings built faster, uh, whether it's looking for alternative places that we can get material that we haven't had before, or whether it's in contractual, again, contractual space, requirement space, there's a lot of places that we can work with the Department of War and our suppliers to find things to do more efficiently.

How is Lockheed thinking about addressing that asymmetry we're seeing, uh, on display in this current conflict? How do you do these cheaper and more efficiently for if there are, uh, enemies of the United States who can attack cheaper and more efficiently?