Compliance
This Corporate Policy requires the corporation to provide the best value systems and components obtainable to the customers.
What is Make or Buy?
Lockheed Martin commits to holding these supplier sessions as part of our Outreach strategy
What are LMConnect events?
This number is LM's percentage Small Business Goal for GFY2020
What is 15.5%?
The number of reports that must be submitted semi-annually to DCMA
What is 8?
This the amount of small business that LM must award in Purchase Orders for every $100M in total procurements during GFY20 to hit a 15.5% Goal
What is 15.6M?
The number of the FAR clause "Utilization of Small Business Concerns"
What is 52.219-8?
Lockheed Martin offers robust supplier-focused educational resources for suppliers to STEP up their game under this program
What is the Supplier Training Excellence Program?
LM has committed to SB performance goals in these two industry categories
What are Other Aircraft Parts and Other Electronic Component Manufacturing?
The number of Target Initiatives in the GFY 2020 CSP
What is 3?
These two LM employees signed the GFY2020 CSP Cover Page
Who are Janet Duffey and Suzanne Raheb?
This is one of the two individuals from DCMA that signed the cover page of the GFY2020 CSP.
Who are Shelly Thomas or Eric Upthegrove?
This LM Partner Program treats Veteran Owned Small Businesses like VIPs
What is the Veteran Institute of Procurement?
This Business Area has committed to the highest Small Business Percentage in GFY2020.
What is MFC? (19.4%)
LM has this many days to respond to a Liquidated Damages notice, to avoid an automatic admission that no valid explanation exists
What is 15?
This term is synonymous with Divorce, or the reduction of a PO from its original commitment value
What is a decommit?
This form is the DCMA evaluation tool of a contractor’s Small Business program's compliance with FAR and DFARS.
What is the 640 Form?
A Tiger Team was established in GFY2019 to assist suppliers under this socio-economic category
What is WOSB?
LM's Small Business Goals include a portion of indirect procurements that are added to performance via this process
What is Indirect Allocation?
This is the number of Exhibits attached to the end of the CSP document
What is 4?
LM purchases the most material and services for contracts with these two DoD Government Agencies
What are the Navy and Air Force? (75% of total GFY19 procurements)