Gavin Howe
Lockheed Martin is committed to upholding a stringent ethical code, as outlined in its Code of Ethics and Business Conduct, Setting the Standard. This code guides the company's actions and decisions in business, emphasizing honesty, integrity, respect, trust, responsibility, and citizenship. The company's core values – Do What's Right, Respect Others, and Perform with Excellence – are reflected in its commitment to integrity and ethical conduct, even beyond legal requirements. With a focus on ethical treatment of employees, customers, communities, shareholders, and suppliers, Lockheed Martin strives to foster an inclusive and respectful work environment, free from harassment and discrimination. The company also prioritizes compliance with laws and regulations, including those related to international business, political contributions, and contracting.
What You'll Learn
Lockheed Martin's commitment to integrity
The company's Code of Ethics and Business Conduct, "Setting the Standard," outlines its expectations for employees, consultants, contract laborers, and Board members. This code serves as the foundation for its award-winning Ethics program, emphasizing the importance Lockheed Martin places on integrity.
To ensure adherence to its ethical standards, Lockheed Martin provides interactive Business Conduct Compliance Training and annual leader-led Ethics Awareness Training. These trainings help employees recognize and navigate ethical dilemmas and potential compliance breaches. The company also communicates year-round on key ethics and compliance topics, such as corruption and human trafficking, through its Integrity Minute series.
Lockheed Martin's Senior Vice President (SVP) of Ethics and Enterprise Assurance (EEA) plays a crucial role in upholding these standards. They report directly to the President and CEO and provide regular updates to the Board of Directors on ethics, enterprise assurance, and business conduct activities. Ethics is so highly valued by the company that it is the first corporate policy: CPS-001. Additionally, employees' adherence to ethical principles is included in their annual performance assessments, influencing various aspects of their employment experience, including compensation.
Lockheed Martin promptly investigates all alleged violations of laws, regulations, policies, or its Code of Ethics and Business Conduct. The company encourages employees to report any suspected misconduct or compliance breaches through multiple avenues, including management, the Ethics Office, the Legal Department, and Security. Confidentiality and anonymity are guaranteed, and whistleblowers are protected.
The company's commitment to integrity is further demonstrated by its dedication to transparency and disclosure of any misconduct to the relevant government entities. Lockheed Martin's ethics and compliance program prioritizes ethical leadership, accountability, and a culture of integrity.
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Compliance training
Lockheed Martin, a company with a dynamic and inclusive environment, also provides compliance training to its employees. The company's success depends on its commitment to integrity, with its core values being "Do What's Right, Respect Others, and Perform with Excellence". Lockheed Martin believes that doing what's right goes beyond just obeying laws and regulations, and instead, holds itself to a higher standard.
To uphold these values, Lockheed Martin provides interactive Business Conduct Compliance Training courses to help employees understand and mitigate the legal and regulatory risks they may face. They also use annual leader-led Ethics Awareness Training to prepare employees to recognize and respond to situations that require ethical decision-making. The company communicates with its employees year-round on key ethics and compliance topics, including corruption and human trafficking.
Lockheed Martin's compliance training covers a range of topics, including:
- Corporate policies and procedures
- Ethical standards and integrity
- Anti-corruption and bribery
- Human trafficking
- Workplace safety
- Diversity and inclusion
- Sexual harassment
- Business ethics
- Data protection and privacy
- Cybersecurity
The company also emphasizes the importance of creating a safe work environment, increasing productivity, fostering a good company culture, and minimizing the risk of legal action through its compliance training programs.
In summary, compliance training is essential for employees to understand and adhere to the rules, regulations, and laws that govern their organization. Lockheed Martin's commitment to integrity and ethical standards is reflected in its comprehensive compliance training programs, which cover a range of relevant topics to ensure employees are well-equipped to make ethical decisions and contribute to a positive company culture.
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Ethical standards
Lockheed Martin's Code of Ethics and Business Conduct, "Setting the Standard", outlines its ethical expectations for employees, consultants, contractors, board members, and representatives. The company prioritises ethical behaviour beyond mere legal compliance, holding itself to a higher standard. This commitment is reflected in its award-winning Ethics program, which includes mandatory Ethics Awareness Training for employees and interactive Business Conduct Compliance Training courses to help them navigate legal and regulatory risks.
Lockheed Martin's ethical standards emphasise six key virtues: Honesty, Integrity, Respect, Trust, Responsibility, and Citizenship. These virtues translate into specific commitments to employees, customers, communities, shareholders, and suppliers. The company promotes a positive, ethical work environment, free from harassment and discrimination, where employees are encouraged to speak up without fear of retribution.
Additionally, the company prioritises compliance with all applicable laws and regulations, including those related to international business, political contributions, antitrust, and contracting. It also emphasises the importance of maintaining the integrity of consultants and agents, protecting proprietary information, and avoiding conflicts of interest.
Lockheed Martin's ethical standards are further reinforced through regular performance assessments that include evaluations of employees' adherence to the company's ethical principles. The company also provides multiple avenues for employees to report suspected misconduct, including through management, the Ethics Office, the Legal Department, and Security, all of which offer options for confidential and anonymous reporting.
Overall, Lockheed Martin's ethical standards are designed to foster a culture of integrity, respect, and excellence in all aspects of its operations.
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Business conduct
Lockheed Martin has a comprehensive Code of Ethics and Business Conduct, "Setting the Standard", which outlines the company's high expectations for employees and others acting on its behalf. The company's core values are "Do What's Right, Respect Others and Perform with Excellence". This commitment to integrity is fundamental to the company's identity and operations.
Lockheed Martin's ethical standards are based on six virtues: honesty, integrity, respect, trust, responsibility, and citizenship. These virtues guide the company's actions and interactions with employees, customers, communities, suppliers, and shareholders. The company is committed to treating all stakeholders ethically, from providing a safe and healthy work environment for employees to delivering reliable products and services to customers.
To promote ethical behaviour, Lockheed Martin provides interactive Business Conduct Compliance Training courses and annual leader-led Ethics Awareness Training. The company also communicates year-round on key ethics and compliance topics, including corruption and human trafficking. They have also established an Office of Vice President - Ethics and Business Conduct to promote a positive, ethical work environment.
Lockheed Martin encourages employees to report any suspected misconduct or violations of laws, regulations, policies, or the company's Code of Ethics and Business Conduct. The company investigates all alleged violations thoroughly and promptly and has controls in place to ensure the confidentiality of whistleblowers. Employees are expected to adhere to strict guidelines regarding gifts, conflicts of interest, proprietary information, and insider trading.
The company also complies with international laws and regulations, such as the Foreign Corrupt Practices Act (FCPA) and antitrust laws. It expects employees involved in international operations to be familiar with these laws and consult the Legal Department when necessary. Overall, Lockheed Martin strives to "set the standard" for ethical business conduct in the industry.
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Employee protection
Lockheed Martin offers a dynamic and inclusive environment for its employees, with a culture of performance excellence, ethics, teamwork, and innovation. The company is committed to providing a safe, inclusive, and fair work environment for all employees, treating everyone with professionalism and respect, and ensuring full compliance with the law.
Lockheed Martin's core values are "Do What's Right, Respect Others, and Perform with Excellence". The company holds itself to a higher ethical standard than simply obeying laws and regulations, refusing to allow its integrity to be compromised by a desire to succeed. All employees, consultants, contract laborers, and board members are required to abide by the company's Code of Conduct, which is outlined in the "Setting the Standard" document. The company also provides interactive Business Conduct Compliance Training courses and Ethics Awareness Training to help employees recognize and respond to ethical decision-making situations.
Lockheed Martin offers a range of resources and support to help employees thrive both personally and professionally, including competitive compensation and benefits packages, flexible work schedules, training programs, mentoring, career coaching, and financial tools. The company is committed to creating an inclusive and supportive workplace, recognizing and supporting employees' skills, ambitions, and potential.
The company also has a strong focus on employee privacy and data protection, with detailed policies outlining how personal data is collected, used, and shared. Employees are encouraged to raise concerns about compliance or ethics, report unethical practices, and refuse to act unethically without fear of retaliation.
In addition, Lockheed Martin provides accommodations for individuals with physical or mental disabilities who need assistance finding or applying for a job on the company website.
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Frequently asked questions
Lockheed Martin's success depends on its commitment to integrity. The company's core values – Do What’s Right, Respect Others and Perform with Excellence – are fundamental to who they are and what they do. They believe that doing what’s right is more than just obeying laws and regulations, and hold themselves to a higher standard.
Lockheed Martin has a Code of Ethics and Business Conduct, "Setting the Standard", that outlines their high expectations for employees and others who act on their behalf. They also provide interactive Business Conduct Compliance Training courses and Ethics Awareness Training to help employees understand and mitigate legal and regulatory risks.
Lockheed Martin is committed to the ethical treatment of those they have an obligation to, including employees, customers, communities, shareholders, and suppliers. They aim to provide a safe and healthy work environment, produce reliable products and services, and act as responsible and concerned neighbours.
Lockheed Martin promptly and thoroughly investigates all alleged violations of laws, regulations, policies, procedures, or their Code of Ethics & Business Conduct. Employees are required to report suspected violations so that the company can investigate and disclose any misconduct to the relevant government entity. They have several avenues for employees to report suspected misconduct, including through Management, the Ethics Office, the Legal Department, and Security.
