Lockheed Martin is a proud supporter of the United States Small Business Administration's SupplierPay initiative. SupplierPay is a partnership with the private sector to strengthen small businesses by increasing their working capital, so they can grow their businesses and hire more workers. SupplierPay requires federal agencies to expedite payments to small business contractors with the goal of paying within 15 days. Since taking the pledge in 2014, Lockheed Martin has been committed to making payments 15 days after receipt of goods, services and invoice to small businesses.

As your company’s size status is registered in our Exostar system, you do not need to take any action to pursue accelerated payment. Please note, accelerated payments will not be provided to suppliers using the LM Fieldglass system as those payment terms are negotiated based on value and benefit to our customers. In addition, making accelerated payments does not change the negotiated payment terms or any other terms of contracts between our companies.

The goals of the U.S. government and of Lockheed Martin are to support our country’s small businesses with the financial support needed to empower growth and strengthen financial stability. If you have a question concerning accelerated payments, please contact your Lockheed Martin procurement representative or contact us here.