Political Disclosures

Lockheed Martin is committed to participating in the political and public policy process in a responsible and ethical way that serves the best interests of our stockholders and customers.  We operate in the highly regulated global security industry, and our operations are affected by the actions of elected and appointed officials at many levels of government.  Our public policy activities include advocacy efforts at the federal and state levels, thought leadership regarding global security trends, and other important issues impacting the Corporation and our customers, educational outreach and promotion, and other related activities. 

Lockheed Martin complies with all applicable laws and regulations in connection with the Company’s political and public policy activities. Any political or other public policy activity in which Lockheed Martin engages, including political expenditures, comply with all internal policies and procedures, are made solely based upon the best interests of the Corporation and its stockholders, and are not based on personal agendas of individual directors, officers, or employees. 

Responsibility for managing and coordinating the Company’s political and public policy activities lies with its Washington Operations function.

Corporate Political Contributions and Expenditures

Independent Expenditures.  Lockheed Martin has not spent any direct corporate funds on independent expenditure communications to the general public that expressly advocate the election or defeat of a clearly identified federal candidate, and has no present plans to spend direct corporate funds on such communications.

State Contributions.  In certain states where permitted by law, Lockheed Martin makes corporate political contributions in accordance with established criteria, including candidates and political committees whose positions on business issues are important to the Corporation; candidates who represent geographic areas where Corporate facilities are located; or candidates who have leadership positions or committee assignments that are important to the Corporation’s interests.  All corporate contributions are fully disclosed with the appropriate state or local campaign finance authority, as well as published on this website. 

527 Political Organizations.  Lockheed Martin does not provide funding to 527 political organizations that are not registered as a federal or state political committee, with the exception of the Democratic Governors Association (DGA) and the Republican Governors Association (RGA). Lockheed Martin maintains memberships in the DGA and RGA as a means to support our operations in all fifty states.  In over half of the states in which we operate we employ from a thousand to over twenty thousand people.  We do not consult with the DGA and RGA regarding the expenditure of their funds.  The primary contact with the DGA and RGA is Larry Duncan, Vice President of Federal and State Government Relations and PAC Affairs. 

Political Action Committee.  In accordance with federal law, Lockheed Martin does not make corporate contributions to federal candidates or federal political committees.  The Corporation supports candidates for federal office through the Lockheed Martin Employees’ Political Action Committee (LMEPAC).  The LMEPAC is funded exclusively through voluntary contributions from eligible employees and directors; employees participating in the LMEPAC are not reimbursed, directly or indirectly, for political contributions or expenses.  The Lockheed Martin Employees’ Political Action Committee (LMEPAC) supports federal and state political candidates who support national defense and other business issues of interest to the corporation.  Disbursements by the LMEPAC are made solely based upon the best interests of the Corporation and its stockholders, and are not based on personal agendas of individual directors, officers, or employees.  All LMEPAC contributions are fully disclosed in reports filed with the Federal Election Commission (FEC) and can be accessed by going to the FEC website, as well as published on this website.

Trade Associations.  Lockheed Martin contributes to public policy debates by participating in trade and industry associations, as well as engaging directly in advocacy and grassroots communications efforts.  In the U.S. we advocate strong national defense, sustained space exploration, development of alternative energy technologies, corporate tax issues (including tax incentives for corporate research and development), export policy and international trade. 

We join trade associations to share with other companies in our industry technical and standards expertise and to be part of an important public education effort regarding major issues of common concern to our industries.  Our participation in trade associations is subject to management oversight by the Company’s Washington Operations function.  Washington Operations serves as the principal representative of the Company in trade and industry associations, as well as approves Company membership.

Lockheed Martin pays regular dues to several trade associations.  Some trade associations utilize a portion of membership dues for non-deductible state and federal lobbying and political expenditures.  Per the requirements of Section 162(e)(1) of the Internal Revenue Code, the trade associations to which we contribute must provide us with the percentage of our annual dues that are attributable to lobbying expenses.  A listing of the trade associations to which Lockheed Martin paid dues of $50,000 or more in a single year and the portion of these dues not deductible under Section 162(e)(1) of the Internal Revenue Code are published on this website.

Lobbying Expenditures.  Lockheed Martin lawfully engages in the legislative process to communicate its views on legislative and regulatory matters affecting the Company’s business.  Federal lobbying activities are regulated by the Lobbying Disclosure Act (LDA).  In accordance with the LDA, the Company files quarterly disclosure reports with the Clerk of the House and Secretary of the Senate regarding payments for all federal lobbying activities.  These reports disclose all direct and indirect expenses related to lobbying, expenditures for grassroots efforts, and payments to trade associations that are used for lobbying.  The reports are available here.  (Search Field: "Registrant Name" Criteria: "Lockheed"). 

In states where the Corporation is engaged in advocacy efforts and is registered to lobby, the Corporation files reports as required with the state ethics agency.  Lockheed Martin files all lobbying disclosure reports at the federal and state level in a complete and timely manner in accordance with applicable requirements.

Governance

All decisions regarding corporate political and public policy activities are managed by the Senior Vice President, Washington Operations, following coordination with individual Lockheed Martin elements in accordance with established policies and procedures. The Ethics and Sustainability Committee of the Corporation’s Board of Directors, which is composed entirely of independent directors, oversees our advocacy efforts, government affairs activities and political spending, receives reports from management on these matters, supervises the policies and reviews the purposes and benefits of these activities. The Corporation’s political activities are audited on a regular basis in accordance with the Corporation’s established audit schedule. Outside legal counsel provides regular guidance regarding compliance with all applicable laws and regulation of political activities.

Decisions regarding the Lockheed Martin Employees Political Action Committee are made by the PAC’s board of directors. The Board meets several times a year to set PAC policy and approve PAC budgets and contributions. The Board is composed of representatives from several Corporate functional areas and business units. The current members of the PAC board of directors are:

  • Chairman: Greg Dahlberg – Senior Vice President, Washington Operations
  • Treasurer: Lawrence Duncan III – Vice President, Federal and State Government Relations & PAC Affairs, Washington Operations
  • Secretary: Kevin Darrenkamp – Vice President, General Counsel, Washington Operations
  • Maryanne Lavan – Senior Vice President, General Counsel & Corporate Secretary
  • Kenneth Possenriede – Vice President, Treasurer
  • Greg Walters – Vice President, Government Relations, Washington Operations
  • Robert Rangel – Vice President, Government Relations, Washington Operations
  • Tom Oles – Vice President, Business Development, Missile and Fire Control
  • Michele Evans – Vice President, Business Development, Mission Systems & Training
  • Kathryn Tobey - Vice President & General Manager, Space Systems
  • Bridget Lauderdale – Vice President & General Manager, Aeronautical Operations, Aeronautics
  • Javier Dragone – Vice President, Business Development, Information Systems & Global Solutions