Lockheed Martin Mission Statement

• Company: The Lockheed Martin Corporation
• CEO: James D. Taiclet
• Year founded: 1995
• Headquarters: Bethesda, Maryland, USA
• Number of Employees: 122,000
• Type: Public
• Ticker Symbol: LMT
• Market Cap (Feb 2024): $99.87 Billion
• Annual Revenue (FY 2024): $71.04 Billion
• Profit (Net income) (FY 2024): $5.34 Billion

Products & Services: Fixed and Rotary Wing (Sikorsky) Aircraft | Cybersecurity Solutions | C4ISR | Digital Transformation | Electronic Warfare | Future Vertical Lift | Energy | Joint All-Domain Operations | Maritime Systems | AI/Autonomy Lift | Missile Defense | Space Technology | Sustainment | Radar | Sensors | Training & Weapon Systems

Competitors: Boeing | General Dynamics | General Electric | BAE Systems | Raytheon | Northrop Grumman | Leidos Holdings | Thales | RTX | CASIC | Airbus | QinetiQ | Kratos

Did you know? Lockheed Martin’s Sikorsky subsidiary provides military and rotary-wing aircraft to all branches of the US armed forces.

Lockheed Martin is a global aerospace and defense corporation formed in Mar 1995 after Lockheed Corp and Martin Marietta merged. The company has over 345 facilities and 13,300 suppliers in all US states and 52 countries globally.

Most of Lockheed Martin’s business is with the US Department of Defense and government agencies. Its Sikorsky subsidiary offers military and rotary-wing aircraft to all five branches of the US armed forces.

Image source: Lockheed Martin Corporation

Lockheed Martin is a leading defense and aerospace manufacturer. The company generated $ billion in revenue in 2024 and $6.9 billion in profit. As of Jan 2024, Lockheed Martin had a record backlog of $160.6 billion. [1]

To understand why Lockheed Martin is so successful, here is an in-depth analysis of its mission statement, values, principles, and sustainability goals:

Lockheed Martin’s Mission Statement

To solve complex challenges, advance scientific discovery, and deliver innovative solutions to help our customers keep people safe.

Lockheed Martin’s mission statement highlights how the company is helping its customers address security issues and protect the public. It focuses on four critical areas.[2]

Here is our analysis of Lockheed Martin’s mission statement:

1. Solve complex challenges

Lockheed Martin uses advanced technologies and approaches to address customers’ complexities. The company is investing in digital solutions to enhance efficiency and collaboration. In Nov 2024, Lockheed Martin implemented additive manufacturing (AM) as part of its 1LMX digital transformation initiative. This 3-D printing solution leverages large format machines and cutting-edge technology, enhancing the firm’s agility and responsiveness to evolving consumer needs. [3]

2. Advance scientific discovery

Lockheed Martin is revolutionizing aerospace and defense with new cutting-edge solutions. The company has over 30 years of experience in the Gen 1 RFI and Gen 2 RFI systems for Apache and 50 years of electronic warfare expertise. In Oct 2024, Lockheed Martin received a contract to develop the Gen 3 RFI/WR APR-48B system for the US Army’s Apache helicopter fleet. The Gen 3 RFI solution enhances the US Army’s capabilities with advanced microelectronics. [4]

3. Deliver innovative solutions

Lockheed Martin is an aerospace and defense innovator. The company provides cutting-edge innovations to help its customers address 21^st-century security threats. In 2024, Lockheed Martin showcased its latest advancements in AI-driven autonomous systems and integrated technologies for the US Army. These innovative solutions include uncrewed aerial systems (UAS), UGVs, Project Convergence, and Army Futures Command’s EDGE. [5]

4. Promote global security

Lockheed Martin offers solutions to help the US Department of Defense and federal government agencies keep the public safe. Its motto, “Ensuring Those We Serve Always Stay Ahead of Ready,” reinforces this commitment. The firm implements this mission by collaborating with customers. In Nov 2024, Lockheed Martin collaborated with the US Navy and General Atomics to demonstrate the first-ever live control flight of an uncrewed system by the UMCS. [6]

Lockheed Martin’s Values

Lockheed Martin adheres to three values: do what’s right, respect others, and excellent performance. These principles are ingrained in Lockheed Martin’s DNA. They guide its employees, operations, and interactions organization-wide. [7]

Here is a breakdown of Lockheed Martin’s values:

1. Do What’s Right

Lockheed Martin is committed to the highest ethical conduct standards across all business levels and departments. The company believes that doing the right thing goes beyond obeying the law. It also includes supporting diversity and making eco-conscious decisions to protect the environment. In 2023, Lockheed Martin donated over $30.6 million to develop the future STEM workforce and support veterans and their families. [8]

2. Respect Others

Lockheed Martin’s success depends on its workforce’s talent and expertise. The company promotes an inclusive culture and empowers employees to own their ethical workplace. It has employee-led groups focused on specific diversity issues like race, mental well-being, gender equality, and disability. For example, Lockheed Martin’s Chapter Next creates a supportive return-to-work environment for women professionals. This program has helped many women re-enter the workforce after several years away from work. [9]

3. Perform With Excellence

Lockheed Martin’s values help protect and enhance customers’ trust. The company strives to deliver excellent products and customer service. For example, Lockheed Martin launched the “Let’s Talk Ethics” forum in 2023 to help its suppliers understand the importance of Codes of Conduct. This event offers a Supplier Training Excellence Program (STEP). [10]

Check out: Lockheed Martin’s competitors

Lockheed Martin’s Principles

Lockheed Martin lives by 5 principles: integrity, high ethical business standards, workplace safety, employee diversity and inclusion, and environmental stewardship. These principles guide the company as it addresses complex challenges and advances sustainability toward a brighter future. They align with the Lockheed Martin Code of Conduct. [11]

Here is our analysis of Lockheed Martin’s principles:

1. Integrity

Lockheed Martin operates in the hypersensitive security sector. The company can lose its contracts if its products don’t comply with the US government’s requirements. For example, the Pentagon temporarily halted deliveries of F-35 joint strike fighters in early 2022 after discovering that an alloy of the aircraft’s engine was derived from China. Lockheed Martin ensures the highest levels of integrity in its supply chain to avoid similar risks. It vets all its suppliers, production partners, designers, engineers, and assembly teams. Then, it offers tools to strengthen their ethics and compliance programs. [12]

2. High ethical business standards

Lockheed Martin values six virtues: Honesty, Integrity, Respect, Trust, Responsibility, and Citizenship. The firm has high ethical business conduct standards and a zero-tolerance policy for harassment, discrimination, and corruption. For example, its annual report includes ethics program data like investigation feedback survey scores. The data offer invaluable insights into how employees respond to misconduct. [13]

3. Workplace safety

Lockheed Martin is committed to providing a drug-free, safe, and healthy work environment. The company requires employees to comply with environmental, safety, and health (ESH) laws and regulations. Contractors working at Lockheed Martin sites can rely on the Contractor Compliance & Safety Briefing LM to learn the company’s ESH requirements and site protocols. [14]

4. Employee diversity and inclusion

Lockheed Martin acknowledges that all employees want and deserve a workplace where they feel respected, satisfied, and appreciated. The company denounces harassment and discrimination based on race, religion, gender, age, national origin, disability, military service, and marital status. Its employee-led Business Resource Groups (BRGs) build excellence through diversity and inclusion by celebrating workers’ differences. For example, the Able & Allies BRG champions inclusivity by supporting employees with disabilities and their caregivers. [15]

5. Environmental stewardship

Lockheed Martin uses a comprehensive framework to manage energy, environment, safety, and health. It implements compliance across operations, energy, and environmental stewardship through the Go Green program. In 2023, Lockheed Martin UK reduced its absolute emissions by 62% versus its 2019 baseline. This initiative is part of the Go Green program, focused on enhancing the company’s resource efficiency. [16]

Checkout: Lockheed Martin’s Product & Services

Lockheed Martin’s Sustainability Goals

Lockheed Martin unveiled its Sustainability Management Plan (SMP) in 2020. This SMP defines the company’s sustainability goals and priorities to be met by 2025 or 2030. [17]

Here are Lockheed Martin’s sustainability goals:

• Reduce Scope 1 and 2 absolute carbon emissions by 36% by 2030 from its 2020 baseline.
• Match 40% of electricity used across its global operations with electricity from renewable sources by 2030. [18]
• Train 100% of its AI developers in system engineering approaches and AI ethical principles by 2025.
• Achieve a 100% completion rate of applicable training on counterfeit part identification and reporting by 2025.
• Achieve 100% employee participation in bystander intervention training by 2025.
• Score 35% or below of employees who observe and disregard misconduct yearly by 2025.
• Increase protected veterans and people with disabilities in its workforce to meet or exceed Department of Labor targets.
• Reduce the number of sick-offs due to occupational injury or illness through 2025.

How is Lockheed Martin implementing its sustainability management plan?

1. Advancing Resource Stewardship

Lockheed Martin plans to increase the square footage of LEED- and BREEAM-certified/rated facilities by 2025 and ENERGY STAR certification for existing locations. It has adopted several strategies to detect and prevent counterfeit products and streamline its supply chain. These efforts will help the company improve resource efficiency. 

2. Elevating Digital Responsibility

Lockheed Martin adopted AI ethics in 2023 to ensure responsible, equitable, traceable, reliable, and governable AI usage. The company plans to train 50% of employees in data literacy and data-centric practices. As of Apr 2024, Lockheed Martin had identified 100% of data objects via its Tier 1 Data strategy and assigned stewards for 100% of certified data sources. [19]

3. Fostering Workforce Resiliency

Lockheed Martin is committed to workforce development. It advances apprenticeship opportunities within its organization and through partnerships. In 2024, over 1,800 apprentices and 2,600 employees acquired AI, robotics, and cybersecurity skills through Lockheed Martin’s Apprenticeship Week programs. The company is building a harassment-free workplace to enhance workforce resiliency. All Lockheed Martin leaders must have diverse and inclusive leadership experience. [20]

4. Modeling Business Integrity

This sustainability goal focuses on ethical business practices and anti-bribery and corruption. Lockheed Martin has zero tolerance for bribery and corruption. To reinforce this commitment, the company seeks to achieve 100% completion of employee training on gifts, courtesies, and business practices yearly through 2025. [21]

References

1. Lockheed Martin Corp (2024, Jan 23). Lockheed Martin Reports Fourth Quarter and Full Year 2023 Financial Results. LockheedMartin.com
2. Lockheed Martin (2024, Aug 13). Lockheed Martin’s 1LMX: Digital Transformation and Operational Improvements. LockheedMartin.com
3. Lockheed Martin (2024, Nov 19). Additive Manufacturing Expansion Helps Meet Demand for Advanced Capabilities. LockheedMartin.com
4. Lockheed Martin (2024, Oct 15). Lockheed Martin Awarded Contracts to Develop Advanced Connectivity Capabilities for US Army Apache Helicopter Fleet. LockheedMartin.com
5. Malyasov, D. (2024, Oct 9). Lockheed Martin showcases AI-driven autonomous systems. Defense Blog
6. Lockheed Martin (2024, Nov 7). US Navy and Lockheed Martin Skunk Works Demonstrate First Live Control of an Uncrewed Air Vehicle by UMCS and MDCX. LockheedMartin.com
7. Lockheed Martin (2024). Lockheed Martin: Who We Are. LockheedMartin.com
8. Lockheed Martin Corp (2024, Aug 21). Ensuring those we serve always stay ahead of ready. LockheedMartin.com
9. Reentry (2024, Oct 17). Lockheed Martin: A Supportive Workplace for Women. The Society of Women Engineers
10. Lockheed Martin (2023, Sep 19). Let’s Talk Ethics. LockheedMartin.com
11. Lockheed Martin (2023, Jun 26). Propelled by Principle. LockheedMartin.com
12. Lockheed Martin (2022, Nov 28). Why Integrity Matters. LockheedMartin.com
13. Principled Podcast (2023, Apr 7). The power of “force multipliers” in Lockheed Martin’s compliance program. LRN
14. Lockheed Martin (2021, Oct 6). Lockheed Martin: Contractor Compliance & Safety Briefing. LockheedMartin.com
15. Lockheed Martin. LM: Embracing Diversity and Inclusion. LockheedMartin.com
16. Lockheed Martin UK (2024, Apr 4). Lockheed Martin: 2024 UK Carbon Reduction Plan. LockheedMartin.com
17. Lockheed Martin (2024, Apr 20). Lockheed Martin: 2025 Sustainability Management Plan and Goals. LockheedMartin.com
18. Lockheed Martin. Carbon Strategy and Climate-Related Risk. LockheedMartin.com
19. Carroll, M. (2023, Mar 1). Lockheed Martin boss issues AI guidelines. Mobile World Live
20. Lockheed Martin (2024, Nov 18). Apprenticeship Week 2024. LockheedMartin.com
21. Lockheed Martin (2024). Lockheed Martin: Sustainability Goals. LockheedMartin.com
22. Featured Image by Lincoln Holley