2024 U.S.-Booked Air Volume: $174.7 million
2024 Global T&E: $394.5 million
Primary Air Suppliers: American, Delta, United
Primary Hotel Suppliers: Hilton, Hyatt, Marriott
Primary Car Rental Suppliers: Avis Budget Group
Global Online Booking Tool Supplier: SAP Concur
Global Expense Management Supplier: SAP Concur
Global Travel Risk Management Supplier: Internal
Global Payment Supplier: U.S. Bank Visa
Consolidated Global TMC: BCD
Global
aerospace and defense corporation Lockheed Martin's U.S.-booked air volume in
2024 increased by approximately $8 million
to $174.7 million. The company undertook several key travel program initiatives
in 2024, including negotiating new airline agreements, securing a new car
rental agreement and enhancing
internal traveler communications. For 2025, Lockheed Martin plans to implement
new Concur Travel globally, evaluate and monitor NDC AI strategies, and
undertake commodity benchmarking projects. The company expects to start
consuming NDC content in the next couple of years.
The
company maintained strong online
booking adoption rates, with 90 percent of U.S.-booked air tickets processed
through its preferred online tools in 2024. Agent-assisted bookings remained
minimal, with 86.9 percent of transactions completed without it.
Lockheed Martin continues to operate
with a single global travel policy. The company has not implemented any travel
policy changes in 2024 and anticipates
none for 2025.
The
defense contractor reported record net sales in 2024 of $71
billion, representing
a 5 percent increase from 2023. Lockheed
Martin's previous commitment to
offset 100 percent of its travel-related carbon emissions by 2025 was retired
as the company shifted focus to more impactful Scope 3 category engagements, per
the company’s annual sustainability report. The company continues to advance
carbon reduction goals, targeting a 36 percent reduction in Scope 1 and 2
absolute carbon emissions by 2030 from a 2020 baseline.
The
company employed approximately 121,000
individuals at the end of 2024, a slight decrease from the 122,000 employed in
2023. Approximately 93 percent of employees are located in the U.S.