Statement on Past Compensation Practices

Statement on Past Compensation Practices

Lockheed Martin is a meritocracy. We are committed to recognizing performance, rewarding excellence, and upholding the principles of merit and fairness. We have and will take all necessary actions to protect that core tenet of our company culture. This includes actions we have already taken to ensure full alignment with the President's recent executive orders. The allegations as reported raise concerns that we are taking seriously and are investigating. In the event that we determine there was any wrongdoing, we intend to appropriately compensate any employees who were adversely affected and will take decisive action to address any misconduct. We appreciate President Trump's leadership, have moved swiftly to support his actions on this issue and are partnering with him to defend our nation and deter our adversaries.