2016 U.S.-Booked Air Volume: $204.5 million
2016 Global Air Volume: $221.4 million
2016 U.S. T&E: $431.4 million
2016 Global T&E: $442.2 million
Principal Air Suppliers: American, United, Delta
Principal Hotel Suppliers: Marriott, Hilton, InterContinental, Hyatt
Principal Car Rental Suppliers: Avis/Budget Group
Principal
U.S. Online Booking Tool: Concur
Principal Non-U.S. Online Booking Tool: Concur
Principal Card Supplier: U.S. Bank Visa
Principal Expense Supplier: Concur
Consolidated Global TMC: BCD Travel
Lockheed Martin completed the U.S. implementation of Concur Travel in 2016.
With more insight and control over spend, U.S.-booked air volume decreased
$13.4 million, exceeding the anticipated $5.5 million. The aerospace and
defense contractor will continue to implement Concur outside the U.S. in 2017,
when it also plans to review travel policy. The company expects its U.S.-booked
air volume to increase in 2017 by more than $27 million, to $232 million.
Lockheed Martin has about 40,000 travelers. The company reported $47.2 billion
in annual revenue last year. In 2016, it divested Lockheed Martin Information
Systems & Global Solutions, integrated the acquisition of Sikorsky Aircraft
Corp. and realigned Mission Systems & Training into a new business area
named Rotary and Mission Systems.
Correction, Sept. 18, 5:45 p.m. Eastern: BTN has updated Lockheed Martin's Principal Non-U.S. Online Booking Tool.