COVID Stimulus Watch Individual Entry
Recipient Company:
LOCKHEED MARTIN CORPORATION
Contract Amount:
$54,590
Recipient Details
Ownership Structure: publicly traded (ticker symbol LMT)
Facility Street Address: 1 LOCKHEED BLVD
Facility City: FORT WORTH
Facility State: TX
Facility Zip Code: 761083619
Facility Congressional District: TX-12
Facility NAICS Code: 336411 : Aircraft Manufacturing
Award Details
Award Date: Mar 12, 2019
Award Type: contract
Award Details: Some contracts are funded with emergency and non-emergency funds. The award amount listed here represents only emergency funding for the contract. The total value of the contract may be higher. Award Description: R&D- DEFENSE SYSTEM: AIRCRAFT (OPERATIONAL SYSTEMS DEVELOPMENT)
Program Name: Federal Contracts Funded by COVID-19 Relief Funds
Legislation: CARES
Awarding Agency: Defense Department
Data Source for Award:
https://www.usaspending.gov/search/?hash=25e8378bc443646cf2b174d65218b2ca
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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