BETHESDA, Md., March 27, 2020 /PRNewswire/ -- At Lockheed
Martin, we recognize that the rapid spread of COVID-19 and its
wide-ranging impacts have caused severe disruption across society
and tragic loss of life around the world. We also recognize that
the global pandemic has created a need for urgent action by
government, business, communities and citizens.
In response to this crisis, our company will be guided by and
operate with three clear priorities. First, we will continue
to protect the health and safety of our men and women on the job
and their families. Second, we will continue to perform and
deliver for our customers because what they do for our national
security, global communications, and infrastructure is critical to
our nation and our allies. Third, we will do our part to use our
know-how, resources, and leadership as a company to assist our
communities and our country during this period of national
In this regard, today I am announcing that Lockheed Martin will
take the following steps as an initial contribution to the national
COVID-19 relief and recovery effort:
- We will advance more than $50
million to small- and medium-sized business partners in our
supply chain to ensure they have the financial means to continue to
operate, sustain jobs, and support the economy.
- We will donate $10 million to
non-profit organizations involved in COVID-19 related relief and
assistance, with emphasis on veterans and military families.
- We have activated a $6.5 million
employee disaster relief fund to assist Lockheed Martin employees
and retirees impacted with COVID-19.
These are our initial financial steps to help during this time
of national need. In addition:
- We will offer Lockheed Martin's engineering and technical
capabilities to help solve the most pressing challenges faced by
federal, state, and local officials.
- We will donate the use of our corporate aircraft and vehicle
fleet for COVID-19 relief logistical support and medical supply
- We will donate the use of our facilities for crisis-related
activities including critical medical supply storage, distribution,
and COVID-19 testing, where needed and practical.
- Finally, during this time of economic uncertainty, we will
continue our planned recruiting and hiring. Given the requirement
for social distancing, Lockheed Martin will deploy virtual
technology and other techniques to sustain our hiring activity
during this crisis period.
Lockheed Martin understands that the shared effort to combat
COVID-19 and recover from its effects will be a long-term one. We
will continue to engage national, state, and local leaders to
undertake additional measures as needed.
And, throughout this crisis, Lockheed Martin remains committed
to continuing to deliver critical capabilities for our nation and
our allies, supporting job creation and economic recovery, and
helping those in need wherever we operate.
Chairman, President and CEO
Lockheed Martin Corporation
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
110,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
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SOURCE Lockheed Martin