We Avoid Individual Conflicts of Interest

We Set the Standard

  • You must be fair and impartial in all business dealings.
  • Our policies prohibit both an actual conflict of interest and activities that create the appearance of a conflict of interest. Avoid situations in which your personal interests might conflict, or appear to conflict, with Lockheed Martin's interests.
  • Never use your contacts or position in the Corporation to advance outside or personal interests.
  • Do not use our Corporation's property, information or opportunities for personal gain.
  • You must provide written disclosure of actual or potential conflicts of interest as soon as you become aware of them.
  • You have an annual obligation to certify your compliance with our conflict of interest policy.

Why We Do It

  • We are committed to the highest standards of ethical business conduct. We expect this of our employees, agents and Board of Directors.
  • We have a responsibility to our stockholders to act in the best interests of the Corporation.
  • The internal disclosure process reinforces our intention to conduct business with integrity.

What is a Personal Conflict of Interest?

A personal conflict of interest exists when you have divided loyalties - when you have a direct or indirect personal interest in a transaction or matter such that it might reasonably appear to affect the judgment you exercise on behalf of Lockheed Martin, influence your actions or lead you to neglect Lockheed Martin's business interests.

Our Conflict of Interest policy covers many situations, including these examples:

  • Owning, or having a substantial interest in, a company that is a customer, competitor or a supplier.
  • Family members - Doing business with a firm owned or controlled by a Lockheed Martin employee or their family.
  • Family relationships with persons employed by a supplier or competitor.
  • Gifts - Acceptance of gifts, payments or services from those seeking to do business with Lockheed Martin.
  • Outside business interests - Owning your own business or working for another business while employed by Lockheed Martin, using the same or similar professional skills or training used in the course of your employment.
  • Multiple roles - Acting as an independent consultant to a Lockheed Martin customer or supplier, while employed by Lockheed Martin.

Our Conflict of Interest policy covers many situations, including these examples (Continued):

  • Using assets for personal gain - Using our assets, intellectual property or proprietary information for personal gain.
  • Subordinate employees - Having a close, personal relationship with a subordinate employee.
  • Charitable endeavors - Using work time selling products to benefit charitable organizations or soliciting donations for such organizations.
  • Government employees - Discussing employment with government employees, giving them gifts in violation of applicable laws or regulations or assigning off-limits roles to Lockheed Martin employees who are former government employees.