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| Supplier performance impacts our business
performance. Suppliers bring speed and agility to the table. Lockheed
Martin’s unwavering commitment to maintain a proactive supplier
diversity program grows stronger every day. |
John N. Hatch
Vice President,
Global Supply Chain Management |
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| Lockheed Martin |
Lockheed
Martin Corporation is the largest provider of information technology
services, systems integration, and training to the U.S. government.
In 2002, the Bethesda, Maryland-based company posted annual sales
of over $26.6 billion. With some 125,000 employees worldwide, Lockheed
Martin is principally engaged in the research, design, development,
manufacture, and integration of advanced technology systems, products,
and services.
"Lockheed Martin seeks to maintain competitive advantage and
cost savings through world-class performance in procurement and supply
chain management," says Michael Bush, Corporate Director, Supplier
Diversity and Global Supply Chain Management. The firm recently exceeded
$1 billion in contracts with minority- and women-owned suppliers,
making it eligible for induction into the Billion Dollar Roundtable,
an elite group corporations convened by Minority Business News U.S.A.
and Women's Enterprise Magazine.
In 2003, the Lockheed Martin Supplier Diversity team hopes to exceed
its 2002 contracts. New internal and external outreach efforts include
mentor programs, workshops, and training for multicultural businesses,
teleconferences with business units to raise employee awareness, employee
recognition programs, and the commendation of supplier diversity efforts.
"Minority-owned firms that are succeeding in the marketplace
are certainly equal to, and in many instances superior to, other companies
in terms of the service they deliver to major corporations,"
says Harriet Michel, President of the National
Minority Supplier Development Council.
For more information on Lockheed Martin’s supplier diversity
program, please contact Michael Bush, Corporate Director, Supplier
Diversity and Global Supply Chain Management at (407) 254-5818.
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