Lockheed Martin to Advance $50M to Supply Chain Businesses in COVID-19 Response
Lockheed Martin will advance more than $50 million to the small- and medium-sized business partners in its supply chain so that the companies can continue to operate and sustain jobs during the COVID-19 crisis, Lockheed Martin’s Chairman, President and CEO Marillyn Hewson announced Friday.
In the Friday announcement, Hewson said the company will also donate $10 million to non-profit organizations involved in COVID-19 related relief and assistance, with emphasis on veterans and military families, and that the company has activated a $6.5 million employee disaster relief fund. In addition, the company will also donate the use of its corporate aircraft and vehicle fleet for COVID-19 relief logistical support and medical supply delivery, and the use of its facilities for crisis-related activities where “needed and practical.”
“Lockheed Martin understands that the shared effort to combat COVID-19 and recover from its effects will be a long-term one. We will continue to engage national, state, and local leaders to undertake additional measures as needed,” Hewson wrote.