2017 U.S.-Booked Air Volume: $203.6 million
2017 Global Air Volume: $220.5
million
2017 U.S. T&E: $389.7 million
2017 Global T&E: $410 million
Principal Air Suppliers: American,
United & Delta
Principal Hotel Suppliers: Marriott,
Hilton & InterContinental
Principal Car Rental Supplier: Avis
Budget Group
Principal Global Online Booking Tool:
Concur
Principal Global Expense Supplier:
Concur
Principal Payment Supplier: US Bank
Visa
Consolidated Global TMC: BCD
In 2017, Lockheed Martin brought additional countries into
its managed travel program. In 2018, the aerospace and defense contractor
completed the global implementation of Concur Travel & Expense and updated
its travel policy to streamline across all business areas, including the
documentation it requires for Federal Acquisition Regulation exceptions.
Lockheed Martin has worked with SAP Concur to meet the unique needs of
aerospace and defense companies: flagging flight bookings that could violate
the Fly America Act, enabling booking profiles for temporary travelers like job
applicants and subcontractors and supporting compliance with the requirements
of the Defense Contract Audit Agency.
Lockheed Martin's annual revenue rose $3.9 billion in 2017
to $51.1 billion, while annual U.S.-booked air volume rose just $700,000. The
company estimates its U.S.-booked air volume will decline by $2.6 million in
2018 to $201 million. Of the company's 2017 U.S.-booked dollar volume, 52
percent was for international travel. The percentage of airline tickets that
were made through the organization's approved online tools was 85 percent, and
98 percent of those were transacted without the assistance of an agent.
Lockheed Martin has a single travel policy around the globe. The company's card
program is configured as individual bill/individual pay.