Sign in

You're signed outSign in or to get full access.

Rich Safran

Managing Director and Senior Analyst at Seaport Research

Richard Safran is a Managing Director and Senior Analyst at Seaport Research Partners (a division of Seaport Global Securities), specializing in aerospace and defense equity research. He covers key companies including General Dynamics (GD), Northrop Grumman (NOC), Hexcel (HXL), ATI Inc., Huntington Ingalls Industries (HII), L3Harris Technologies (LHX), Lockheed Martin (LMT), Boeing (BA), and Spirit AeroSystems (SPR), with a 47.62% success rate and -7.76% average return according to StockAnalysis rankings, placing him 3,557 out of 4,959 analysts. Safran began his career as an aerospace engineer and program manager at Northrop Grumman on the B-2 program, later advancing to business development and strategic planning, followed by roles as Director and Partner at Buckingham Research Group and aerospace and defense analyst at Goldman Sachs before joining Seaport. He holds a Bachelor of Science in Aerospace Engineering from the University at Buffalo and an MBA from Columbia University.

Rich Safran's questions to LOCKHEED MARTIN (LMT) leadership

Question · Q4 2025

Rich Safran inquired about the timing for multi-year framework deals for PAC-3 and THAAD missiles, the long-term margin potential for the Missiles and Fire Control (MFC) segment, and whether a multi-year agreement for the F-35 program is anticipated, along with program quantities.

Answer

Jim Taiclet, Chairman, President, and CEO, stated that PAC-3 and THAAD framework agreements are committed, with definitization and appropriations expected by 2026. He also advocated for multi-year sustainment, production, and modernization for the F-35. Evan Scott, CFO, noted that MFC margins would see some initial dilution due to production ramps but are expected to exceed historical levels over time, with sales potentially growing double-digits or mid-teens.

Ask follow-up questions

Fintool

Fintool can predict LOCKHEED MARTIN logo LMT's earnings beat/miss a week before the call

News for Covered Companies

Lockheed Martin Hits Record $194B Backlog, Unveils Historic Missile Production Deals

Lockheed Martin Hits Record $194B Backlog, Unveils Historic Missile Production Deals

LMT5d ago
Shutdown Odds Spike to 77%: What Investors Need to Know Before Friday

Shutdown Odds Spike to 77%: What Investors Need to Know Before Friday

LMTJan 26
Xi Jinping Purges China's Top General in Unprecedented Military Shakeup

Xi Jinping Purges China's Top General in Unprecedented Military Shakeup

LMTJan 25