Letter to the Editor: Lockheed Martin on Potential Gov't Shutdown

Statement from Lockheed Martin as of 4/8/11:

We continue to closely monitor the ongoing budget and funding discussions as Congress works toward a full-year 2011 budget resolution.  As our Chairman and CEO stated in a February 7th letter to Congress, “without appropriate full-year funding decisions on national security programs, we will face costly schedule delays and breaks in production that will increase overall program costs and interrupt the delivery of critical equipment to warfighters.

 In the event a full-year budget resolution is not passed, we are working closely with our government customers to understand the potential impact to our employees and programs during a government shutdown.  We have contingency plans in place and as details become available we will share them with our employees and subcontractors.

Lockheed Martin Chairman and Chief Executive Officer Bob Stevens provided the following  guidance to  employee:  "we will continue to conduct business with a constancy of purpose, a steadfast commitment to you, and a continuing focus on serving our customers. Our facilities will remain open. We will continue to pay you. Your benefits will remain in force. We currently have no plans to furlough anyone."

He also said  the impact of a government shutdown  "will depend on an employee's location, function and program" and urges employees to reach out to their leaders and HR representative for guidance on "potential changes in work location or product, charging time, and other disruptions as needed." Read Stevens' full statement.