Lockheed Martin Answers Obama's Call to Action

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Jan 26, 2011, 06:00 ET

BETHESDA, Md., Jan. 26, 2011 /PRNewswire-FirstCall/ -- In response to President Obama's State of the Union call to win the future, Lockheed Martin [NYSE: LMT] today announced its strong support for his plan to "compete for the jobs and industries of our time" by out-innovating, out-educating, and out-building the rest of the world.

"We're excited by the course the President charted last night," said Bob Stevens, Lockheed Martin Chairman and CEO. "We recognize the importance of America having '…the highest proportion of college graduates in the world' by the end of the decade. We're proud to be part of America's aerospace and defense industry, a world leader in technology innovation and a key national asset in the race to win the future."

Lockheed Martin invests heavily in Science, Technology, Engineering and Math (STEM) education programs. In 2010 alone, the Corporation spent more than $12 million on K-12 and higher education programs and scholarships. Lockheed Martin employees also volunteered nearly 200,000 hours in education-related activities. Overall, Lockheed Martin delivered standards-based, STEM-related curriculum to 3.5 million students through direct classroom engagement of its employees and strategic education partnerships with NASA, National Geographic, and the National Science Foundation.

"The President rightly said that in America, 'We do big things,'" said Stevens. "At Lockheed Martin, our employees know the biggest thing we can do now is to support the President in educating and inspiring tomorrow's scientists, engineers and mathematicians. That's what we intend to do."

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 133,000 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 2009 sales from continuing operations were $44.0 billion.

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