Stakeholder Engagement

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Advancing the science of citizenship by implementing a global sustainability strategy is a collaborative effort. We value the input of multiple stakeholders, including employees, customers, investors and analysts, communities, suppliers and regulators, to prioritize business issues, provide learning opportunities and develop a culture of trust and transparency through forthright engagement. A team led by our Office of Corporate Sustainability now coordinates feedback with our stakeholders. Insights are analyzed and shared with the relevant groups within Lockheed Martin responsible for identifying goals, implementing business practices and measuring performance.

Global Frameworks, Forums and Sustainability Management Guidelines
Global frameworks, groups and management guidelines inform and guide our work on sustainability, including the Clinton Global Initiative®, World Economic Forum®, Global Reporting Initiative®, CDP®, Corporate EcoForum, Defense Industry Initiative, ISO 14000, ISO 14001 and OHSAS 18001.

Sustainability Stakeholder Engagement in 2012
In December, we convened a stakeholder engagement session with nine sustainability opinion leaders to obtain feedback on our sustainability performance and reporting. The panel represented competitor, customer, investor, nonprofit and supplier constituencies. In recognition of their time and participation, we provided travel reimbursements and made a grant in each panelist’s name to the USO®, one of our key philanthropic partners. In addition to positive feedback received, the table below summarizes the four key issues raised.

Stakeholder Groups:
Our stakeholders have many perspectives. Below are just some of the processes and examples of how we engaged in 2012.

Communities

How We Engage: Philanthropic and social investment, public-private partnerships, employee volunteering and participation in community-based civic councils.  Community Relations.

Spotlight: The Marine Corps Scholarship Foundation provides need-based scholarships to children of Marines and Navy Corpsmen, with an emphasis on those whose parent has been severely wounded or killed in combat. Our commitment of $3,500,000 over five years will provide 133 students $5,000 or more annually towards a four year college degree, with $500,000 dedicated to those pursuing STEM disciplines.

Customers    

How We Engage:  How We Engage: Formal and informal meetings, trade shows, government-industry management councils, National Defense Industrial Association and other forums and lobbying. See more in Governance and Ethics, OperationsEngineering & Innovation and Sustainable Sourcing.

Spotlight: At the Aviation Week Defense Technology and Affordability Requirements Forum, our executives made joint presentations with U.S. Air Force and U.S. Navy leaders on more affordable program governance models and the effectiveness of cost-evaluation frameworks.

Employees    

How We Engage:  How We Engage: LM Voice employee survey, quarterly all-employee webcasts, leadership forums, functional leadership meetings, annual ethics awareness training and internal communications. See more in Diversity and Inclusion and Governance and Ethics.

Spotlight: To keep employees better informed about U.S. budget policy decisions and their effect on our business, we issued multiple CEO letters, began an online web forum and published six installments of an ongoing article series about the federal budget sequester using a recently redesigned internal news site.

Industry and Regulators

How We Engage:   How We Engage: Aerospace Industries Association, U.S. Chamber of Commerce and other trade associations, Defense Industry Initiative, Occupational Safety and Health Administration’s Voluntary Protection Program, Environmental Protection Agency’s Green Power Partnership, National Center for Defense Machining and Manufacturing and informal meetings. See more in Governance and Ethics, Operations, Safety and Wellness and Supplier Diversity.  

Spotlight: Our CEO and President Marillyn Hewson assumed the chair of the Defense Industry Initiative Steering Committee, an ethics policy-making group of prominent defense industry CEOs.

Investors and Analysts      

How We Engage: Regular meetings with investors and credit rating agencies, annual meeting of stockholders, annual report, proxy statement, sustainability report, sustainability investment indices, CDP reports and investor relations website.  See more in Governance and Ethics.

Spotlight: In 2012, we contacted 26 of our largest investors, who at the time represented nearly half our outstanding shares, to gain their input on governance and compensation matters. Their feedback on executive compensation is described in our 2013 proxy statement.

Suppliers      

How We Engage: Regular meetings, annual conference for significant suppliers and small business conferences and web-based trainings. See more in Sustainable Sourcing and Supplier Diversity.

Spotlight: We were among a group of “recognized industry thought leaders” invited to join a roundtable discussion about supply chain expertise hosted by the White House Council on Environmental Quality and the General Services Administration. The discussion focused on applying industry best practices to the federal government’s $500 billion per year spending to further promote sustainable procurement practices in the global supply chain.

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We Never Forget Our Fallen

More than 500 employees and guests gathered at our headquarters on Sept. 11 for a ceremony unveiling the “We Never Forget” memorial—an enduring tribute to six Lockheed Martin employees who died by direct enemy actions during and since the 9/11 attacks on America. 

In a solemn ceremony that included families of the fallen and survivors of the attacks, attendees reflected upon those who died, named below, serving a cause greater than themselves.

  • Robert “Bob” Ploger III, who died with his wife, Zandra, on Sept. 11, 2001 aboard American Airlines Flight 77 when terrorists crashed the plane into the Pentagon.
  • Paul M. Johnson, Jr., who was killed by terrorist abductors in 2004, in Riyadh, Saudi Arabia.
  • Geraldine “Gera” Marquez, who died in 2007, when a suicide bomber attacked her post at Bagram Air Base, Afghanistan.
  • Santa Gracia Ramirez, who was killed when a suicide bomber attacked her convoy near Kabul, Afghanistan, in 2007.
  • Teofilo O. Evans and Sidney Hanspard, Sr., who died in a 2011 rocket attack at a forward operating base in Afghanistan.

Six employees who survived attacks were also honored during the ceremony and were each presented with a gold Medal of Honor coin in recognition of their courage and sacrifice: Teresa Alexander, Rodney Colvin, Keith Leatherwood, Julian Martinez, David Nicholson and James Tenney


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