Lockheed Martin Camden Facility Earns Arkansas Environmental Federation Diamond Award for Turning Waste into Revenue
Camden, Ark., Oct. 7, 2015 – Lockheed Martin’s (NYSE: LMT) Camden Operations facility received a top Arkansas environmental award for its pioneering work in recycling tons of paint waste containing silver. The Arkansas Environmental Federation (AEF) presented the facility with the 2015 Diamond Award for Excellence in Environmental Leadership on Oct. 1 during AEF’s 48th Annual Convention and Trade Show in Hot Springs, Arkansas.
“We commend Lockheed Martin Camden Operations for its precious metals reclamation program,” said AEF President Chuck Buttry. “Creating an alternative method to dispose of significant amounts of silver-containing paint waste highlights Lockheed Martin’s commitment to conservation and environmental sustainability.”
In 2012 Lockheed Martin launched a program of recovering silver particles from residue that accumulates as a protective paint coating is applied to missiles manufactured at its Camden site. To date, the project has reclaimed over 6,967 pounds of waste and generated $445,000 in revenue for Lockheed Martin.
“Lockheed Martin is committed to sustainable growth and environmental responsibility,” said Camden Operations Director Colin Sterling. “We are honored to be recognized for showing industry how to recycle waste while generating revenue. I appreciate all that our Camden employees do to push the boundaries of innovation, both for our servicemen and women and for Arkansas.”
Lockheed Martin ships both the residue from the coating and objects that come into contact with it—including paint-booth filters, plungers and containers—to a facility that extracts the silver and sells it on the precious metals market. Proceeds are returned to Lockheed Martin.
Camden Operations manufactures missiles and launch vehicles, including the Patriot Advanced Capability-3 (PAC-3) Missile, the High Mobility Artillery Rocket System (HIMARS) launcher and elements of the Terminal High Altitude Area Defense (THAAD) Weapon System. This is the site’s second Diamond Award. In 2010 it was recognized for its waste-to-energy program, in which waste is converted to energy instead of shipped to landfills.
Lockheed Martin is named as one of the world’s leading companies for sustainability on the prestigious Dow Jones Sustainability Indices (DJSI)—a globally recognized and reputable benchmark for corporate responsibility and sustainability. Lockheed Martin is the only U.S. Aerospace & Defense company on the DJSI World Index.
Find additional information or learn more about our approach to sustainability on our website: www.lockheedmartin.com/sustainability
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 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 2014 were $45.6 billion.