In response to this crisis, the company will be guided by and operate with three clear priorities. First, they will continue to protect the health and safety of their men and women on the job and their families. Second, they will continue to perform and deliver for their customers because what they do for national security, global communications, and infrastructure is critical to the nation and its allies. Third, they will do their part to use our know-how, resources, and leadership as a company to assist communities and country during this period of national crisis.
In this regard, Marillyn Hewson, Chairman, President and CEO of Lockheed Martin Corporation, announced that Lockheed Martin will take the following steps as an initial contribution to the national Covid-19 relief and recovery effort:
- The company will advance more than $50 million to small- and medium-sized business partners in its supply chain to ensure they have the financial means to continue to operate, sustain jobs, and support the economy.
- They will donate $10 million to non-profit organizations involved in Covid-19 related relief and assistance, with emphasis on veterans and military families.
- They have activated a $6.5 million employee disaster relief fund to assist Lockheed Martin employees and retirees impacted with Covid-19.
These are their initial financial steps to help during this time of national need. In addition:
- The company will offer Lockheed Martin’s engineering and technical capabilities to help solve the most pressing challenges faced by federal, state, and local officials.
- They will donate the use of their corporate aircraft and vehicle fleet for Covid-19 relief logistical support and medical supply delivery.
- They will donate the use of their 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, they will continue their planned recruiting and hiring. Given the requirement for social distancing, Lockheed Martin will deploy virtual technology and other techniques to sustain 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. They 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 the nation and its allies, supporting job creation and economic recovery, and helping those in need wherever they operate.
Companies: Lockheed Martin
Terms: News Worldwide