Lockheed Martin Receives U.S. Navy Reserve And Department Of Veterans Affairs Recognition For Workplace Support

BETHESDA, Md., 08/09/2010 --

The U.S. Navy Reserve and the Department of Veterans Affairs (DVA) recently recognized Lockheed Martin Corporation [NYSE: LMT] for outstanding support of U.S. Navy Reservists on active duty and veterans with disabilities.

On July 6, U.S. Chief of Navy Reserve and Commander, Navy Reserve Force, Vice Adm. Dirk Debbink, met with Lockheed Martin Chairman and CEO Bob Stevens to thank the Corporation for supporting Navy Reservists in its workforce. Debbink presented Stevens a certificate of appreciation for outstanding employer support and expressed gratitude to the Corporation's employees for helping Reservists carry out their service's mission.

"This certificate of appreciation is more than words," Debbink said. "We do not take your support for granted. It's really important for us thank the 136,000 Lockheed Martin employees for their support."

"It's gratifying for our company and employees to receive this accolade," said Stevens. "We have a great desire and capacity to support deployed Reservists and their families, and we do our very best to ensure that veterans and Reservists benefit from a supportive and inclusive environment. Our employees have the highest regard for Reservists and their contributions to our company and to the community," he said.

According to the U.S. Navy Reserve, Lockheed Martin is one of the nation's top employers of Navy Reservists. Almost 250 Lockheed Martin employees serve in the Navy Reserve. Currently, the Corporation has more than 1,200 Reservists from all the service branches, about 400 of whom are on current military leave.

The DVA honored the Corporation with a 2010 Private Sector Employer of the Year Award for the company's exemplary dedication to hiring veterans with service-connected disabilities. The award was presented during the DVA's annual conference in Chicago on July 14. Ruth Fanning, director of Vocational Rehabilitation & Employment Service with the Veterans Benefits Administration, presented the award to Lockheed Martin Worldwide Media Relations Vice President Nettie Johnson.

In accepting the award Johnson said, "It's an honor to receive this award on behalf of Lockheed Martin. Approximately 30,000 veterans who are part of our Corporation bring experience and knowledge from their military service that is extremely beneficial in helping us to best serve our armed forces."

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 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 $44.5 billion.