2020 U.S.-Booked Air Volume: $49.6 million
Primary U.S. Payment Supplier: U.S. Bank
Primary U.S. Expense Supplier: Concur
Consolidated Global TMC: BCD
While government contractor and aerospace and defense giant
Lockheed Martin in 2020 cut its U.S.-booked air spending by about
three-quarters, the company made several changes to its program beyond the
tactical and logistical management of pandemic travel, including new
definitions of essential and nonessential travel.
Lockheed Martin in 2020 reached a new global agreement with
travel management company BCD Travel and this year is rolling out the TMC’s
TripSource trip management platform. The company also introduced a new travel
agent certification program and developed an improved unused ticket process.
The company plans for 2021 a higher level of travel spending
year over year. It also is emphasizing the importance of advanced airline
purchases and has added intermediate-sized rental cars to its list of approved
rentals.