Lockheed Martin, a company with a global presence, is committed to providing its employees with a range of resources and support to help them thrive in their personal and professional lives. The company's ethical standards and integrity are fundamental to its operations, with a strict code of ethics and business conduct that all employees must abide by. This includes a commitment to equal employment opportunities and non-discrimination, fostering an inclusive and supportive workplace culture. While the company's policies do not explicitly mention right-to-work laws, they emphasise compliance with laws and regulations and protecting employees' rights.
Characteristics | Values |
---|---|
Number of employees | 120,000 |
Headquarters | Bethesda, MD |
Business areas | Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, Space LM Ventures |
Core values | Do What's Right, Respect Others, Perform with Excellence |
Ethical standards | Refusal to allow integrity to be compromised by desire to succeed; commitment to holding themselves to a higher standard |
Ethical compliance | Interactive Business Conduct Compliance Training courses; annual leader-led Ethics Awareness Training; year-round communication with employees on ethics and compliance topics; Integrity Minute series |
Non-discrimination and equal employment opportunity | Lockheed Martin is an equal opportunity employer; does not discriminate against employees or applicants on the basis of race, ethnicity, religion, colour, sex, pregnancy, national origin, age, military veteran status, ancestry, sexual orientation, gender identity or expression, marital status, family structure, genetic information, or mental or physical disability |
Affirmative action | Employ, advance in employment, and treat qualified minorities, women, protected veterans, and people with disabilities in accordance with federal regulations |
Ethical investigations | Voicing Our Values techniques; employees encouraged to report any possible violations to their manager, Human Resources Business Partner, Legal, Security, Internal Audit, EESH or Ethics |
Ethical reporting | Multiple avenues for employees to report suspected misconduct, including through Management, the Ethics Office, the Legal Department, and Security |
Ethical protection | Whistleblowers and other confidential reporting parties are protected and supported; employees are surveyed regularly and confidentially to assess beliefs in this commitment |
Ethical performance assessments | All Lockheed Martin employees have included in their annual performance assessments an evaluation of their adherence to the Lockheed Martin ethical principles |
What You'll Learn
Lockheed Martin's commitment to integrity and ethical standards
Lockheed Martin's ethics program is award-winning, and all employees, consultants, contract labourers, and board members are required to agree to abide by the Code of Conduct. The company provides interactive Business Conduct Compliance Training courses to help employees understand and navigate legal and regulatory risks. It also offers annual leader-led Ethics Awareness Training to prepare employees for ethical decision-making.
The company communicates with employees year-round on key ethics and compliance topics, including corruption and human trafficking. The Integrity Minute series is a primary tool used to keep ethics at the forefront of employees' minds.
Senior Vice President (SVP) of Ethics and Enterprise Assurance (EEA) plays a crucial role in upholding ethical standards. They report directly to the President and CEO and provide regular updates to the Nominating and Corporate Governance Committee of the Board of Directors. Ethics is the company's first corporate policy (CPS-001), and employees' adherence to ethical principles is included in their annual performance assessments, influencing various aspects of the employee experience, including compensation.
Lockheed Martin promptly investigates all alleged violations of laws, regulations, policies, or its Code of Ethics and Business Conduct. Employees are encouraged to report any suspected misconduct through various avenues, including management, the Ethics Office, the Legal Department, and Security, all of which offer confidential and anonymous reporting options. The company prioritises transparency and promptly discloses any violations to the responsible authorities.
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Non-discrimination and equal employment opportunities
Lockheed Martin is committed to providing a safe and inclusive work environment for all employees, regardless of their race, colour, religion, sex, national origin, age, disability, or genetic information. This commitment to non-discrimination and equal employment opportunities is in line with federal laws in the United States prohibiting job discrimination.
The company's core values—'Do What's Right, Respect Others and Perform with Excellence'—are fundamental to its operations and guide its ethical decision-making. Lockheed Martin's Code of Ethics and Business Conduct, 'Setting the Standard', outlines its high expectations for employees and others acting on its behalf. The company provides interactive Business Conduct Compliance Training courses to help employees understand and navigate legal and regulatory risks. Additionally, its annual leader-led Ethics Awareness Training prepares employees to recognise and respond to ethical decision-making situations.
Lockheed Martin fosters an inclusive work environment that encourages differences and big-picture thinking. It has been recognised as one of the world's most inclusive places to work, with a diverse team of thinkers and doers united by a commitment to serving customers. The company promotes diversity and inclusion through voluntary, employee-led groups that align with its goals and values.
Lockheed Martin's non-discrimination practices cover various aspects of employment, including recruitment, hiring, job assignments, promotions, wages, employee benefits, discipline, discharge, and employment references. The company ensures that all employees are treated fairly and with professionalism and ethical conduct, fully complying with the law.
The company's commitment to non-discrimination and equal employment opportunities extends beyond compliance with federal laws. It actively promotes diversity and inclusion throughout its global operations, from its CEO down to all levels of the organisation.
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Compliance training and ethics awareness
Lockheed Martin offers interactive Business Conduct Compliance Training courses to help employees understand and navigate legal and regulatory risks. Additionally, the company provides annual leader-led Ethics Awareness Training to prepare employees to recognise and respond to situations requiring ethical decision-making.
The company's Ethics Awareness Training covers topics such as corruption and human trafficking, with supplementary communications throughout the year to reinforce ethics and compliance. Lockheed Martin also offers a range of employee resources, including the Integrity Minute series, which keeps ethics at the forefront of employees' minds.
Lockheed Martin's commitment to ethics is evident in its performance assessments, which include an evaluation of employees' adherence to the company's ethical principles. This evaluation impacts various aspects of the employee experience, including compensation.
The company also prioritises transparency and encourages employees to report any suspected misconduct or ethical concerns through multiple avenues, including management, the Ethics Office, the Legal Department, and Security.
Lockheed Martin's comprehensive approach to compliance training and ethics awareness fosters a culture of integrity, accountability, and professionalism within the organisation.
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Reporting and investigating discrimination complaints
Lockheed Martin is an equal-opportunity employer that is committed to providing a safe and inclusive workplace for all employees. The company has a zero-tolerance policy for discrimination and harassment and will promptly investigate any complaints.
All employees are expected to contribute to a discrimination- and harassment-free workplace. If an employee experiences or observes discrimination, they should notify their supervisor, the Human Resources department, or the local Equal Opportunity Programs (EOP) office. If the complaint is about their supervisor, they should report it directly to Human Resources or the EOP office.
Supervisors must not independently investigate complaints of discrimination but should instead report them to the local Human Resources department or EOP office, who will manage the investigation. Human Resources or the EOP office will then conduct the investigation in accordance with internal investigation procedures, ensuring proper documentation and confidentiality.
Employees are expected to cooperate with investigations, and failure to do so or providing false information may result in disciplinary action, including termination. If an employee believes they have been retaliated against for reporting a complaint, they should report this to their local Human Resources department or EOP office, who will manage the investigation into the retaliation.
There are multiple avenues for employees to report suspected misconduct, including through Management, the Ethics Office, the Legal Department, and Security. Lockheed Martin ensures the confidentiality of whistleblowers and protects employees who refuse to act unethically. The company also provides interactive Business Conduct Compliance Training courses to help employees understand and mitigate legal and regulatory risks.
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Benefits and resources for employees
Lockheed Martin offers a range of benefits and resources to support employees' personal and professional development. The company is committed to creating an inclusive and supportive workplace where everyone can thrive and reach their full potential.
Compensation and Benefits:
- Competitive salaries
- Health insurance
- Retirement plans, including a robust 401k plan with company matching
- Flexible work schedules to improve work-life balance
- Generous paid vacation and time off, including paid holidays and holiday shutdowns
- Parental leave (maternity and paternity leave)
- Primary caregiver leave
- Financial tools and resources for managing finances and achieving financial goals
Professional Development:
- Training programs
- Mentoring
- Career coaching
- Leadership and technical development tracks
- Professional development and leadership development programs
- Diversity programs and business resource groups
- Return-to-work programs
Work Environment:
- State-of-the-art offices
- Remote work options
- Encouragement of new ideas and exploration
- Guidance from established scientific, technological, business, and military leaders
- Inclusive work environment that fosters differences and big-picture thinking
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Frequently asked questions
Lockheed Martin is committed to integrity and upholding ethical standards. The company's core values include "Do What's Right, Respect Others, and Perform with Excellence". They have a comprehensive Ethics and Business Conduct policy that outlines their expectations for employees and promotes a culture of compliance.
Yes, Lockheed Martin is an equal opportunity employer and will not discriminate against employees or applicants based on race, ethnicity, religion, colour, sex, pregnancy, national origin, age, military veteran status, ancestry, sexual orientation, gender identity or expression, marital status, family structure, genetic information, or mental or physical disability.
The policy covers a range of topics, including corruption and human trafficking, with a focus on transparency and compliance. It also includes the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act, and other international anti-corruption laws.
Lockheed Martin provides interactive Business Conduct Compliance Training and annual leader-led Ethics Awareness Training to help employees recognise and respond to ethical dilemmas. They also communicate year-round on ethics and compliance topics through their Integrity Minute series. Additionally, employees are evaluated annually on their adherence to ethical principles, which is a significant factor in performance assessments.