Lockheed Martin

Bethesda, Maryland
Capital Goods

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Lockheed Martin has not publicly terminated business relationships based on views or beliefs. Lockheed Martin scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Lockheed Martin increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Lockheed Martin forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company does not provide viewpoint protections for its employees. Lockheed Martin is a Silver sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce. Its CEO signed the CEO Action for Diversity & Inclusion pledge. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. Lockheed Martin is a bronze partner of PFLAG. For these reasons, Lockheed Martin receives a Medium Risk rating.

Board Bias

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CEO of Lockheed Martin

James D. Taiclet

James D. Taiclet

Summary:

Headquartered in Bethesda, Maryland, Lockheed Martin is a member of the Fortune 250 operating in the Capital Goods industry. James D. Taiclet and James D. Taiclet serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $453,350 to Republican causes and $302,097 to Democratic causes. Under their tenure, Lockheed Martin currently holds a 'Medium Risk' risk rating.

Political Contributions of Leadership:

$453,350

$302,097

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/27/23EnvironmentalAs You Sow, on behalf of the Remmer Family Foundation, Inc.Net-zero Targets and Climate Transition PlanningAgainst35.40%
4/27/23GovernanceJohn CheveddenIndependent Board ChairAgainst28.30%
4/27/23SocialSisters Charity of St. ElizabethHuman Rights Impact AssessmentAgainst13.70%
4/21/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against46.64%
4/21/22SocialSisters of Charity of St. ElizabethReport on Human Rights Impact AssessmentAgainst20.20%
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