Lockheed Martin Strengthens Ties With Small, Diverse Suppliers Through New Channel

Thu Feb 28, 2013 2:00pm EST

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BETHESDA, Md.,  Feb. 28, 2013  /PRNewswire/ -- Suppliers are critical to success
at Lockheed Martin [NYSE: LMT], yet they are often the first impacted in a
challenging economy. In order to strengthen the company's interaction with these
small businesses and provide them additional opportunities, Lockheed Martin has
introduced a supplier-focused website called Supplier Wire
(http://www.lockheedmartin.com/supplierwire).   

Supplier Wire offers a wide range of educational resources, including free
webinars, video tips and supplier testimonials designed to help small businesses
learn how to build, sustain and expand their business with the corporation. The
site also features resources on immediate procurement opportunities; information
on what Lockheed Martin buys, including a listing of corporate agreements with
expiration dates; and a calendar of Lockheed Martin's supplier diversity events.
 

"With the launch of Supplier Wire, Lockheed Martin once again demonstrates why
it is a leader in supplier relations," said  Charles Ramos, chief executive
officer and president of CR Dynamics & Associates, Inc., and Lockheed Martin
supplier. "Supplier Wire takes an innovative approach to identifying and
connecting small businesses with the appropriate procurement and business
development personnel. This is a refreshing experience for any vendor-especially
a small business looking to launch a relationship with Lockheed Martin."

To directly engage with small businesses, Supplier Wire will offer live chat
sessions allowing firms to interact with subject matter experts and get answers
to real-time questions. In addition, the site contains information on how to
seek a partner on a proposal pursuit and how to get added to the Small Business
Innovation Research directory.

"Lockheed Martin is committed to small businesses and we continuously search for
better methods to educate and engage with qualified diverse suppliers through
more affordable solutions," said  Susannah Raheb, Lockheed Martin Corporate
Supplier Diversity Leader.  "Supplier Wire  allows us to reach a targeted
audience and strengthen our relationships through enhanced connections in a
virtual environment."

In 2012, Lockheed Martin awarded  $6.4 billion  in contracts to small businesses
and businesses classified as diverse. This amounts to approximately one third of
the corporation's total purchase order commitments. For the second year in a
row, the corporation exceeded Department of Defense goals and received an
"outstanding" rating-the highest level given by the Defense Contract Management
Agency.   

Headquartered in  Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs about 120,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration, and
sustainment of advanced technology systems, products, and services. The
Corporation's net sales for 2012 were  $47.2 billion.

SOURCE  Lockheed Martin


Kelli Raulerson, +1-301-897-6195, kelli.raulerson@lmco.com,
www.lockheedmartin.com

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