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

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

PR Newswire

BETHESDA, Md., Feb. 28, 2013

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

Website: http://www.lockheedmartin.com
Contact: Kelli Raulerson, +1-301-897-6195, kelli.raulerson@lmco.com,
www.lockheedmartin.com
 
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