From protecting frontline soldiers to reaching the moon, Lockheed Martin has a 100-year track record of innovation. From the humble beginnings of founders Glen Martin, Allan Lockheed and Malcolm Lockheed, an unrelenting journey began to continuously push the boundaries of technologies that promise a better, brighter, and accelerated tomorrow.
Marking its 100th anniversary, Lockheed Martin (NYSE: LMT) is launching its first public innovation challenge, Innovate the Future Challenge. As a top global security and aerospace company that employs 61,000 engineers, scientists, and IT professionals, Lockheed Martin understands that great ideas can come from anywhere. Realizing the importance of early creativity, Lockheed Martin encourages and supports the next generation of inventors, students, researchers, mathematicians, engineers, and scientists to participate in the challenge. In conjunction with the public-facing challenge, an internal challenge will allow Lockheed Martin employees to contribute ideas for ways the company can create profitable growth in adjacent markets and innovate for affordability. The Innovate the Future Challenge creates a unique opportunity for Lockheed Martin to pursue affordability and collaboration through a systematic innovation program that taps both internal and external resources.
"Through this contest, we are creating an online environment that helps people with diverse backgrounds and experiences share their ideas," states Dr. Ray O. Johnson, senior vice president and chief technology officer.