Lockheed Martin-Sponsored Student Team Selected Best Overall Company for Delaware Valley Junior Achievement Competition
VALLEY FORGE, Pa., 06/16/2010 -- A student company sponsored by Lockheed Martin [NYSE: LMT] took home the Best Overall Company award for the third straight year during the annual Junior Achievement of Delaware Valley competition, and is now headed to the North American Competition in Minneapolis, Minn., in July.
Leading the team was Dan Hammaker of Phoenixville High School, who was named President of the Year and selected as the Ernst and Young - Youth Entrepreneur of the Year. In addition, the Lockheed Martin team also earned awards for the Best Company Annual Report, Best Company Stage Presentation, and Best Company Trade Booth.
The team is made up of students from five high schools across the Delaware Valley and supported by a volunteer staff from Lockheed Martin that included company executives and Finance Leadership Development Program participants.
"These awards go to 23 talented students who learned the value of business and financial acumen in setting up and running a real company in just 12 weeks," said Gerry Fasano, President of Lockheed Martin Information Systems and Global Services-Defense and one of the team's volunteers. "This program is a great opportunity for students to get real-life experience that will help them later in college and in life."
The student's company made a return on investment of 678 percent, after donating a portion of its profit to the United Service Organizations, or USO, in support of military service members in Iraq and Afghanistan.
Junior Achievement is the world's largest organization dedicated to educating students about workforce readiness, entrepreneurship, and financial literacy through experiential, hands-on programs. Locally, Junior Achievement of the Delaware Valley involves 10,000 students annually in Bucks, Montgomery, Delaware, Chester and Philadelphia counties.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2009 sales of $45 billion.