2023 U.S.-Booked Air Volume: $166.6 million
2023 Global T&E: $383 million
Primary Air Suppliers: American, Delta, United
Primary Hotel Suppliers: Hilton, Hyatt, Marriott
Primary Car Rental Suppliers: Avis, Budget
Global Online Booking Tool Supplier: SAP Concur
Global Expense Management Supplier: Concur
Global 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 2023 increased by more than $20 million to $166.6 million.
Last year, the company’s travel department implemented an airline optimization strategy that will culminate in a global airline request for proposals in 2024, when Lockheed Martin expects to return to pre-pandemic levels of business travel.
It also added a chat feature to its TripSource trip management capabilities and implemented an international relocation provider.
Lockheed Martin continues to see a high percentage of travel bookings through its preferred online tool: 89 percent for U.S.-booked air tickets in 2023, down slightly from the 93 percent reported in 2022.
In 2024, the company’s travel team intends to renew its car rental agreements and enhance communication channels globally.
Lockheed Martin’s previous goal to offset 100 percent of its travel-related carbon emissions by 2025 was “retired” in 2023, according to its annual sustainability report, after the company decided to “shift our focus to value chain engagements that will be more impactful across our more material Scope 3 categories.” The company’s 2023 Scope 3 greenhouse gas emissions were approximately 27.9 million metric tons of carbon dioxide equivalent, of which 83,855 were attributed to business travel.
The company reported net sales in 2023 of $67.6 billion, up slightly from the $65.9 billion in 2022. The company on Dec. 31, 2023, employed about 122,000 individuals, up slightly from the 116,000 a year prior. Approximately 93 percent of its workforce is located in the United States.