BETHESDA, Md., April 10, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] today announced it has achieved a set of aggressive five-year global environmental goals a year ahead of schedule, as part of the company's Go Green commitment made in 2008.
The company met or exceeded its goals of reducing water use, waste-to-landfill and carbon emissions by 25 percent each since 2007 levels, while revenues rose 12 percent in the same period. According to publicly available company data and the Carbon Disclosure Project, Lockheed Martin is leading major aerospace and defense companies, and many other large industrial manufacturers, in hitting these environmental performance targets.
- The company slashed water use by 25 percent, saving more than 1.5 billion gallons of water. This is equivalent to water consumed by 3.9 million average U.S. households every day. Contributing factors included upgrading heating and cooling equipment, installing low-flow fixtures and forward-thinking facilities projects such as landscaping in Denver, Colo. in ways that reduce or eliminate the need for supplemental water from irrigation.
- The company cut its amount of waste-to-landfill by 39 percent, or 35 million pounds, compared to 2007, its baseline year. Examples of contributing efforts included comprehensive recycling programs at multiple U.S. facilities, efforts in Marietta, Ga., that cut the amount of packaging required for major parts, and reducing cafeteria food waste at several facilities.
- The company sliced carbon emissions by 30 percent through energy efficiency efforts with lighting and HVAC systems, the purchase of renewable solar and wind energy and innovations such as using wood waste to power its 1.6 million square-foot plant in Owego, N.Y. The total carbon reduction equals the annual greenhouse emissions from more than 85,000 passenger cars.
"Taking action to preserve resources is fundamental to securing against operational risks, extending the value of our business model, and expanding and enabling sustainable, profitable growth," said Bob Stevens, chairman and chief executive officer.
"This is an important milestone because it reflects what the collective efforts of our 123,000 employees bring to bear," said Chris Kubasik, president and chief operating officer. "Whenever we identify ways to Go Green, we strengthen our internal business practices, enhance efficiency, spark innovation and bolster environmental stewardship. We are closing in on establishing our next multi-year targets as we continue to drive sustainability into everything we do."
Additionally, as of the first quarter of 2012, 61 percent of the company's 150 energy savings projects identified in 2010 and 2011 are partially or fully implemented. Together these projects offer potential carbon emissions avoidance of nearly 100,000 metric tons over the next year.
More information about Lockheed Martin's energy, environment, safety and health performance can be found at www.lockheedmartin.com/sustainability
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.
SOURCE Lockheed Martin