2022 U.S.-Booked Air Volume: $145.5M
2022 Global T&E: $338.9M
Primary Air Suppliers: American, Delta, United
Primary Hotel Suppliers: Hilton, Hyatt, Mariott
Primary Car Rental Suppliers: Avis, Budget
Global Online Booking Tool Supplier: Concur
Global Expense Management Supplier: Concur
Global Risk Management Supplier: Internal
Global Payment Supplier: US Bank Visa
Consolidated Global TMC: BCD

Global aerospace and defense corporation Lockheed Martin saw travel volumes recover significantly in 2022 to $145.5 million, up from $55 million the previous year. The company reported net sales in 2022 of nearly $66 billion, down slightly from the $67 billion reported in 2021.

Last year, the company’s travel department expanded its TripSource trip management capabilities, which it launched in 2021. It also had a technology refresh for its internal duty of care organization. Lockheed Martin sees a high percentage of travel bookings through its preferred online tool: 93 percent for U.S.-booked air tickets.

In 2023, the company plans to complete global airline agreement extensions and begin a global airline request for proposal late in the year. It also will implement TripSource Chat and support the transition to a new international relocation provider.

Lockheed Martin has a goal of offsetting 100 percent of its carbon emissions resulting from business-related travel by 2025. It reported 99,237 metric tons of carbon dioxide equivalent emissions in 2022, up from the 54,035 reported in 2021, but down significantly from the 169,693 reported in 2019.

The company as of Dec. 31, 2022, employed about 116,000 individuals, up slightly from the 114,000 reported a year prior. Approximately 93 percent of its workforce is located in the United States.