Vanguard Magazine

Over the last 10 years, Lockheed Mar- tin Canada's operating activities, as well as purchases made by Lockheed Martin Cor- poration, have generated and facilitated substantial economic activity in Canada, as demonstrated through the following metrics: www.vanguardcanada.com OCTOBER/NOVEMBER 2018 25 PersPeCtiVe Lockheed Martin has 1,000 employees at five main facilities in the National Capital Region, Montreal, Halifax, Victoria, and Calgary, and 10 Canadian Forces bases across the country. Martin Canada's actions are largely consis- tent with the Canadian government's ma- jor priorities. Moreover, Lockheed Martin Canada is actively identifying key areas that require further improvement in its quest to fully adhere with those priorities. D E F G Total economic impact generated between 2008 and 2017 $3.8 billion in GDP 36,521 jobs in full time equivalent (FTE) person years $2.5 billion in labour income $1.5 billion in total tax revenues $1.9 billion in exports to the US $1 million in philanthropic contribution Lockheed Martin Canada and its suppli- ers operate in every province in Canada, thus distributing the economic benefits it generates across the country. In addition to the contributions made throughout its supply chain, Lockheed Martin Canada provides benefits to the Canadian economy as outlined below in Figure 1. Through these additional elements, our review concludes that Lockheed Martin Canada provides significant economic benefits to the Canadian economy. Lockheed Martin Canada has a work- force of 1,000 employees. In 2017, the average salary of these employees was $90,527, which is 28% higher than the average Canadian aerospace product and parts manufacturing salary, and 45% higher than the average computer and electronic product manufacturing salary. PWC assessment suggests that Lockheed Sponsored Content Lockheed Martin Invests in R&D in Canada: Between 2008-2017, Lockheed Martin generated $18 million internal R&D investments $156.6 million in ITB related R&D investments ACquiSitionS oF CAnADiAn CompAniES Lockheed Martin Canada's acquisitions of Canadian com- panies provides an opportunity for those companies to expand their operations. Calgary's CDL Systems was acquired in 2012 and in 2013 Lockheed Martin Commercial Engines Solutions began operations in Montreal. CorporAtE SoCiAl rESponSiBility ACtivitiES Lockheed Martin Canada is involved in a number of social responsibility activities. Chief among them are its efforts to assist veterans of the Canadian Armed Forces, and to support Science, Technology, Engineering and Math (STEM) education for young people. BECominG thE FirSt CuStomEr For EmErGinG CAnADiAn tECh CompAniES Lockheed Martin Canada has benefitted some of Canada's most promising emerging technology companies by providing them with their first major contracts, including some that are now global leaders in Artificial Intelligence and Quantum Computing. Such contracts with Lockheed Martin Canada have provided those companies with a platform for future business expansion globally. Skill DEvElopmEnt Lockheed Martin Canada developed an elaborate training and education program that aids its employees in acquiring skills critical to the development of knowledge-based economy in Canada.

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