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Lockheed Martin Expands Sustainability Goals

Companies mentioned in this article: Lockheed Martin

BETHESDA, Md., April 24, 2014 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) continues to meet and exceed established sustainability goals as outlined in the corporation's 2013 Sustainability Report, released today. The full report is available at www.lockheedmartin.com/sustainability

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"Our customers are seeking new ways of thinking about how to address major issues like renewable energy, information security and climate change - and we're serious about using our capabilities to find solutions to these challenges," said Chairman, President and CEO Marillyn A. Hewson. "Our commitment to sustainability continues to accelerate our business strategy. We respect and support our employees, our communities and our environment because it's the right thing to do."

The 2013 Sustainability Report highlights:

    --  Operational Efficiency - The company reduced costs by 23 percent by
        decreasing overhead, cutting capital expenses, negotiating supplier
        savings, redesigning program governance structures and removing a net
        2.1 million square feet of facility space.
    --  Resource Efficiency - Lockheed Martin achieved performance goals
        associated with its Go Green initiative, including a 17 percent
        reduction in water use; 36 percent reduction in waste sent to landfills;
        18 percent reduction in carbon emissions; and 12 percent reduction in
        energy use since 2010.
    --  Governance: In 2013, Lockheed Martin continuously enhanced efforts to
        uphold high standards and controls for ethical business conduct,
        compliance and transparency. Employees completed more than 525,000
        business conduct and compliance training sessions, achieving a 100
        percent completion rate.
    --  Product Performance: Lockheed Martin will always innovate to deliver
        optimal economic and performance value over the lifecycle of its
        products. We began partnerships to develop waste-to-energy conversion
        systems and ocean thermal energy power to address key global
        sustainability issues, including waste disposal, energy security and
        climate adaptation.
    --  Information Security: The company works to minimize the probability and
        impact of undesirable events associated with security incidents in its
        operations and for its customers' missions. The company helped develop
        cyber security tools and training to raise the preparedness level for
        protecting sensitive data, both within and beyond Lockheed Martin.
    --  Talent Competitiveness: Lockheed Martin fosters an inclusive workplace
        culture that also surpassed safety performance goals, including a 73
        percent decrease in missed worked days and a 59 percent decrease in
        serious injuries compared to levels when Lockheed Martin's Target Zero
        safety program began in 2003.
    --  Supplier Sustainability: The company partners with active suppliers to
        advance responsible sourcing practices and improve transparency. By
        releasing a Supplier Code of Conduct, Lockheed Martin heightened
        awareness of the company's expectations for environmental, social and
        business conduct, including human rights amongst its suppliers.
    --  Community / Educational Contributions - Lockheed Martin donated more
        than $25 million to communities worldwide including nearly 10 million,
        supporting science, technology, engineering and math (STEM) education
        programs.
    --  Sustainability Honors - In 2013, Lockheed Martin was named to the
        prestigious Dow Jones Sustainability North America Index; named one of
        the top companies on the Carbon Disclosure Project's Leadership Index.

The Lockheed Martin 2013 Sustainability Report includes a letter of opinion from an external advisory panel of experts that reviewed the report. The report adheres to the Global Reporting Initiative G4 reporting guidelines.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2013 were $45.4 billion.

For additional information, visit our website:
www.lockheedmartin.com

Follow us on Twitter @LockheedMartin

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SOURCE Lockheed Martin