Activates $6.5 Million Employee Disaster Relief Fund

Lockheed Martin Chairman, president And CEO Marillyn Hewson has issued a statement outlining the company's response to the COVID-19 pandemic.

"In response to this crisis, our company will be guided by and operate with three clear priorities. First, we will continue to protect the health and safety of our men and women on the job and their families. Second, we will continue to perform and deliver for our customers because what they do for our national security, global communications, and infrastructure is critical to our nation and our allies. Third, we will do our part to use our know-how, resources, and leadership as a company to assist our communities and our country during this period of national crisis," Hewson said in the statement.

Hewson (pictured) announced the following steps as an initial contribution to the national COVID-19 relief and recovery effort:

• More than $50 million to small- and medium-sized business partners in our supply chain to ensure they have the financial means to continue to operate, sustain jobs, and support the economy.
• A $10 million donation to non-profit organizations involved in COVID-19 related relief and assistance, with emphasis on veterans and military families.
• Activation of a $6.5 million employee disaster relief fund to assist Lockheed Martin employees and retirees impacted with COVID-19.
• In addition to those initial financial steps, Hewson implemented the following:

Lockheed Martin's is offering engineering and technical capabilities to help solve the most pressing challenges faced by federal, state, and local officials.
Donation of the use of our corporate aircraft and vehicle fleet for COVID-19 relief logistical support and medical supply delivery.
Donation of the use of our facilities for crisis-related activities including critical medical supply storage, distribution, and COVID-19 testing, where needed and practical.

Hewson said the company will continue its planned recruiting and hiring. Given the requirement for social distancing, Lockheed Martin will deploy virtual technology and other techniques to sustain our 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. We will continue to engage national, state, and local leaders to undertake additional measures as needed," Hewson said.

"And, throughout this crisis, Lockheed Martin remains committed to continuing to deliver critical capabilities for our nation and our allies, supporting job creation and economic recovery, and helping those in need wherever we operate."

(Source: Lockheed Martin news release. Image from file)

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