COVID Stimulus Watch Individual Entry
Recipient Company:
LOCKHEED MARTIN CORP
Loan or Loan Guarantee Amount:
$1,660,234
Recipient Details
Ownership Structure: publicly traded (ticker symbol LMT)
Award Details
Award Date: Jul 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Lockheed Martin
Headquartered in: Maryland
Parent Sector: aerospace and military contracting
Parent Industry: aerospace & military contracting
Employees (prior to pandemic): 110,000
Accountability Issues Since 2010
Employment-related Penalties: $65,511,976
Government-contracting-related Penalties: $70,320,042
Environmental / Healthcare / Safety Penalties: $6,344,686
Ratio of CEO Pay to that of Median Worker: 191 to 1
CEO Compensation: $21,516,613
Worker Median Pay: $112,527
Total Federal, State, and Local Subsidies: $1,692,000,688
Federal Corporate Income Tax Rate: 17.2%
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