Lockheed Martin

Bethesda, Maryland
Capital Goods

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Lockheed Martin scored a 100 out of 100 on the 2023-2024 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 provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. 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’s Chairman, President and CEO signed Catalyst's Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets. Lockheed Martin is a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions. Former CEO Marillyn A. Hewson signed the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. The company's CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. Lockheed Martin is a Silver sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce. The company is a bronze partner of PFLAG, an LGBTQ+ activist group that promotes books for children with sexually explicit and gender fluid content and advocates against laws that inform parents of their child’s gender dysphoria or prevent unapproved transgender medical treatments for minors. For these reasons, Lockheed Martin receives a High Risk rating.

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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 'High Risk' risk rating.

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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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