Lockheed Martin’s success depends on our commitment to integrity. Our core values – Do What’s Right, Respect Others and Perform with Excellence – are fundamental to who we are and what we do. At Lockheed Martin, we believe that doing what’s right is more than just obeying laws and regulations. It’s holding ourselves to a higher standard, even when the law may not require us to do so. We refuse to allow our integrity to be compromised by our desire to succeed, regardless of the circumstances of our business.

​

Our Code of Ethics and Business Conduct, Setting the Standard, outlines our high expectations for employees and others who act on behalf of our company and provides the foundation for our award-winning Ethics program. We require all employees, consultants, contract laborers, and Board members to agree to abide by our Code of Conduct.

We help them understand and mitigate the legal and regulatory risks they may face by providing interactive Business Conduct Compliance Training courses. And we use our annual leader-led Ethics Awareness Training to prepare employees to recognize and respond to situations that require ethical decision making.

​

We also communicate with employees year-round on key ethics and compliance topics, including but certainly not limited to Corruption and Human Trafficking. Our episodic Integrity Minute series is one of the primary communications tools we use to keep Ethics top of mind.

​

The Senior Vice President (SVP), Ethics and Enterprise Assurance (EEA) reports directly to the Chairman, President, and CEO and reports regularly to the Nominating and Corporate Governance Committee of the Board of Directors. The SVP, EEA provides the Board members with frequent updates on the Ethics and Enterprise Assurance activities of the corporation, including providing summary reports on Ethics and Business Conduct activities and responds to their feedback. These summaries include reports on key metrics such as ethics office contacts, including investigations. Ethics and Business Conduct activity summaries and metrics are also presented to the corporation’s Executive Leadership team four times per year.

​

Ethics is of such importance at Lockheed Martin that it is our first corporate policy: CPS-001. In addition, all Lockheed Martin employees have included in their annual performance assessments an evaluation of their adherence to the Lockheed Martin ethical principles. Performance assessments are a significant factor in determining multiple aspects of the employee experience, including employee compensation.