BETHESDA, Md., Dec. 12, 2018 – Lockheed Martin (NYSE: LMT) retirees have a new resource to support them during times of personal hardship. Effective today, the company is opening its disaster relief fund to approximately 141,000 former colleagues.
“Retirees are important members of Lockheed Martin’s community,” said Patricia L. Lewis, senior vice present of Human Resources. “They created the innovations that made the company successful and we want to be there to support them if they face a natural disaster.”
In 2006, the company established the Lockheed Martin Employee Disaster Relief Fund to provide active employees with short-term emergency assistance during federally declared disasters. The level of support ranges from $250 to $10,000 depending on the severity of the impact. This expansion of the fund to support certain Lockheed Martin Corporation retirees does not impact eligibility requirements of current employees.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. This year the company received three Edison Awards for ground-breaking innovations in autonomy, satellite technology and directed energy.