Company Directory - Lockheed Martin
Company Details - Lockheed Martin
Lockheed Martin
WebsiteBethesda, United States
ISIN: US5398301094
Lockheed Martin is a global aerospace, defense, and security company known for its advanced technology and innovative solutions, including the design and manufacturing of military aircraft, satellites, and missile defense systems.
CCI Score
CCI Score: Lockheed Martin
-8.09
Latest Event
Lockheed Martin Workers Secure Improved Union Contract
After a nearly one-month strike, hundreds of Lockheed Martin workers, represented by UAW, returned to work following the approval of a new five-year union contract that includes significant wage increases and enhanced benefits.
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COLLABORATOR
Lockheed Martin is currently rated as a Collaborator.
Latest Events
- JUN022025
After a nearly one-month strike, hundreds of Lockheed Martin workers, represented by UAW, returned to work following the approval of a new five-year union contract that includes significant wage increases and enhanced benefits.
+80
Labor Relations and Human Rights Practices
June 19
The resolution of the strike with a new union contract that nearly guarantees 20% wage increases and improves retirement and parental benefits highlights a strong commitment to labor rights. This outcome aligns with anti-fascist, worker-friendly policies, empowering employees and reinforcing solidarity against profit-driven pressures.
Lockheed Martin workers end strike, return to work with new union contract
- MAY012025
Lockheed Martin employees, represented by UAW Local 766 and 788, went on strike at the Littleton facility, protesting alleged unfair labor practices including a long pay progression, low starting wages, and refusal to recognize Veterans Day. The union claims the company's contract proposals do not meet workers' needs despite record profits.
-70
Labor Relations and Human Rights Practices
June 19
The union’s allegations highlight significant labor issues, including excessively long pay progression and poor starting wages, which reflect unfair labor practices. Despite record profits and high executive compensation, the company’s contract offers do not adequately address workers' rights, making this a negative action from an anti-fascist and worker rights perspective.
Lockheed Martin employees strike, claim unfair labor practices as company profits rise
- FEB062025
OpenSecrets data reveals that during the 2024 cycle Lockheed Martin spent approximately $5.58M in campaign contributions and $12.67M on lobbying. This significant level of political spending raises concerns over the company’s influence on public policy, potentially supporting policies that favor further militarization and authoritarian practices.
-40
Political Contributions and Lobbying Efforts
June 19
Lockheed Martin’s heavy spending on lobbying and political contributions, as indicated by the figures ($12.67M and $5.58M respectively), reflects an aggressive engagement in shaping public policy. Such influence can be used to support militaristic and authoritarian agendas, which is concerning from an anti-fascist perspective.
- OCT012023
Lockheed Martin’s website outlines its zero-tolerance approach to corruption, explicitly prohibiting suppliers from offering improper payments to government officials, political parties, or candidates. This policy demonstrates the company's commitment to ethical supply chain management and responsible business practices.
+70
Supply Chain Ethics
June 19
The supplier ethics policy enforces strict anti-corruption measures by prohibiting any improper payments by suppliers. This commitment to ethical practices supports responsible supply chain management, reducing the risk of indirectly enabling authoritarian or corrupt systems.
- MAR312023
Lockheed Martin spent $14,066,565 on lobbying in 2023, as detailed by OpenSecrets. This significant expenditure underscores the company's active engagement in influencing political decision-making, potentially to secure favorable defense contracts and shape policy in ways that may bolster authoritarian military spending.
-40
Political Contributions and Lobbying Efforts
June 19
The reported lobbying expenditure of over $14 million in 2023 highlights Lockheed Martin’s substantial investment in political influence. From an anti-fascist perspective, such heavy spending can be seen as an effort to shape policy and defend military and defense contracts, which may contribute to enabling authoritarian practices.
- JAN012023
The PAC profile for Lockheed Martin outlines its political action committee contributions for the 2023-2024 cycle, highlighting a split where 57.14% of funds support Republican candidates and 42.16% support Democratic candidates. This data, coupled with ongoing lobbying activities, suggests a leaning that may contribute to reinforcing established political power structures and potentially authoritarian policies.
-40
Political Contributions and Lobbying Efforts
June 19
Lockheed Martin’s PAC contribution data for 2023-2024 shows a moderate tilt towards funding Republican candidates (57.14%), which can be interpreted as supporting a political environment that may favor authoritarian or establishment agendas. Given the broader context of corporate complicity in political lobbying and influence, this score reflects concerns about the company's financial engagement in politics.
- JAN012023
Lockheed Martin's PAC donated $1,568,000 to federal candidates in the 2023-2024 election cycle, as reported by OpenSecrets. This contribution highlights the firm's engagement in political financing, which from an anti-fascist perspective may bolster authoritarian-friendly policies through military-industrial influence.
-30
Political Contributions and Lobbying Efforts
June 19
Lockheed Martin's PAC made a significant contribution of $1,568,000 to federal candidates, a move that supports a political environment where defense interests and militaristic policies can influence government decisions. Given the firm's role in the defense sector and the potential to empower policies aligning with authoritarian tendencies, the action is rated negatively from an anti-fascist viewpoint.
- JAN112021
Lockheed Martin Corp. entered into an Early Resolution Conciliation Agreement with the U.S. Department of Labor to settle allegations of hiring discrimination at its RMS Engineering & Technology Unit, agreeing to pay $700,000 in back wages and interest to affected minority applicants and hire 34 of them. The agreement addresses discriminatory practices identified during investigations covering January 2017 to June 2018.
-80
Labor Relations and Human Rights Practices
June 19
The settlement addresses serious allegations of hiring discrimination against Asian, African American, and Hispanic applicants. This violation of equal employment practices reflects negatively on the company’s labor relations and human rights practices, thereby earning a strongly negative score in this category.
- JAN012017
Lockheed Martin published a policy outlining measures to mitigate the risks of human trafficking and modern slavery throughout its supply chain, including supplier compliance requirements, verification methods, and an ethics helpline.
+80
Supply Chain Ethics
June 19
Lockheed Martin’s policy mandates that suppliers comply with anti-trafficking laws and emphasizes supply chain transparency. This demonstrates progressive ethical responsibility by mitigating human rights abuses in its supply chain, aligning with anti-fascist, human rights-oriented business practices.
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Corporate Financials
- Revenue
- 2022
- $59.00B
- Total Assets
- 2022
- $52.00B
- Operating Income
- 2022
- $7.40B
- Total Equity
- 2022
- $19.00B
Employees: 114,000
Industries
- 334511
- Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
- 336414
- Guided Missile and Space Vehicle Manufacturing
- 336415
- Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing
- 541330
- Engineering Services