2021 U.S.-Booked Air Volume: $55 million
2021 Global T&E: $166.3 million
Primary U.S. Payment Supplier: U.S. Bank
Primary U.S. Expense Supplier: SAP Concur
Consolidated Global TMC: BCD
Travel volumes at global aerospace and defense corporation
Lockheed Martin recovered slightly in 2021, up to $55 million from $49.6
million the previous year. That volume, however, is still about a quarter of
what it was in 2019.
That doesn’t mean its travel department has been any less
busy, however. Following its new global agreement with travel management
company BCD Travel in 2020, Lockheed Martin implemented its TripSource trip
management platform and is working on expanding capabilities on the platform.
Lockheed Martin’s travel team also implemented a travel metrics dashboard,
conducted quarterly travel calls for 800 U.S. administrators and worked with
the company’s global mobility unit on an international relocation project as
well as its travel risk group on a technology refresh.
The company is exploring new tools and technology with the
traveler engagement division of BCD’s consultancy, Advito.
About half of Lockheed Martin’s U.S.-booked air in 2021 was
for international travel. The company conducted the request-for-proposal
process for its global airline program last year.
Lockheed Martin tightened up its travel policy in 2021,
including adding domestic and international advance air purchasing
requirements, lowering the allowable rental car size to intermediate and
specifying that the online booking tool and agency are only to be used for
approved business travel.
Travel volumes have picked up again this year, and Lockheed
Martin’s U.S.-booked air volume is expected to reach about 70 percent of
pre-pandemic levels.