10 April 2020: Lockheed Martin is been at the forefront in the fight against COVID-19. In collaboration with the US Department of Defence, they have accelerated the payments to supply chain. To provide critical finance and other support, Lockheed Martin has announced another USD 50 million this week, bringing their total contribution till date to USD 156 million. In addition, they have announced to flow down about USD 450 million in accelerated payments to the supply chain partners who are at the front lines of the medical crisis impacting our local communities.
In the public statement Marillyn Hewson, the chairman, President and Chief Executive Officer of Lockheed Martin said," We are also taking steps to support our nation's health care workers and first responders on the front lines of this crisis. We offered our corporate jet fleet as an in-kind donation to the federal government's COVID-19 relief efforts. We are pleased to announce, working with the US Department of Health and Human Services (HHS), we will provide air transport of government medical teams to the most critical, high-priority locations around the country.
As previously announced, we pledged USD10 million in charitable contributions for COVID-19 relief and recovery efforts. We have allocated USD6 million towards that goal:
- USD2 million has been donated to Project HOPE to help deliver personal protective equipment (PPE) to the Federal Emergency Management Agency (FEMA) for distribution to America's doctors, nurses, and first responders.
- USD2 million to the American Red Cross to help deliver its lifesaving mission during the COVID-19 outbreak and Service to the Armed Forces supporting military personnel, veterans, and families.
- USD2 million to the CDC Foundation All of Us: Combat Coronavirus emergency response fund.
As we continue to face this unprecedented crisis, Lockheed Martin is driven by our commitment to the mission of our US and allied customers. We will continue to maintain our operations for our men and women in uniform and we are resolved to find additional ways to contribute to the relief and recovery from COVID-19."