BETHESDA, Md., Jan. 15, 2020 /PRNewswire/ -- Lockheed
Martin (NYSE: LMT) is launching a groundbreaking vocational
scholarship for high school seniors and college students pursuing
vocational and trade degrees.
This effort is the first of its kind within the domestic
aerospace and defense industry.
The program will award up to $6,600 each to 150 recipients this year. The
scholarship will fund degrees at accredited vocational-technical
schools to prepare students for careers in technology and advanced
manufacturing that do not require a bachelor's or advanced
degree.
"As a global leader in innovation, we recognize the urgent need
to address our nation's skills gap by encouraging, attracting, and
developing the next generation of workers in science, technology,
engineering, and math," said Lockheed Martin Chairman, President,
and CEO Marillyn Hewson.
"Lockheed Martin's new vocational scholarships will develop the
skills of workers who want to work in advanced manufacturing, but
do not choose to go to a four-year college. This program shows that
our company is fully committed to preparing workers at every level
for the competitive challenges of the modern global economy,"
Hewson added.
For the second year in a row, Lockheed Martin will also offer
its four-year STEM Scholarship program.
This program is open to high school seniors and undergraduate
students who plan to pursue a major in engineering or computer
science, demonstrate financial need and come from underrepresented
or underserved communities. In 2020, the program will award an
additional 200 scholarships worth $10,000 in renewable funds per student.
Both these programs are being funded by proceeds from corporate
tax reform and are part of a larger investment of $460 million by Lockheed Martin in education and
innovation over a period of five years. The scholarships are one
piece of Lockheed Martin's 2018 pledge to create 8,000 new
workforce development programs and invest $50 million in educational enrichment
programs.
The goal of these educational investments is to encourage
students to consider a rewarding career in the technology and
advanced manufacturing industry.
The application is open from January 15,
2020, until March 12, 2020,
and is being administered by Scholarship America, an organization
with more than 60 years of experience designing and managing
scholarship programs.
Visit the Vocational Scholarship page at
https://www.lockheedmartin.com/vocational and the STEM Scholarship
page at https://www.lockheedmartin.com/scholarship to learn more
about eligibility requirements and to apply.
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 105,000 people worldwide
and is principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services.
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SOURCE Lockheed Martin