Lockheed Martin 2013 Annual Report Download - page 7

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2013 AnnuAl RepoRt
V
innovation is an example of our ability to collaborate
across our portfolio to make our systems more relevant
and valuable for our customers.
Another arena where we’re innovating for growth
is sustainability. This continues to be a key priority
for us, as we apply innovative solutions to protect
the environment, strengthen communities and drive
responsible growth. One example of how innovation
in sustainability is opening new markets is Ocean
Thermal Energy Conversion (OTEC). OTEC uses the
ocean’s natural thermal gradient to generate power. On
an average day, 60 million square kilometers of tropical
seas absorb an amount of solar radiation equivalent
to the energy produced by approximately 250 billion
barrels of oil. The temperature difference between deep
and shallow ocean waters offers tremendous potential
for producing energy. In 2013 we signed a contract with
Reignwood Group to develop and build a 10-megawatt
OTEC power plant. This plant will be the largest OTEC
project developed to date, and represents a new adjacent
market growth opportunity for the Corporation.
For our ongoing sustainability efforts, we were pleased
to be recognized by a number of outside organizations.
We were named to a highly-respected benchmark for
sustainability, the 2013 Dow Jones Sustainability North
America Index. CDP (formerly the Carbon Disclosure
Project) scored us one of the top companies worldwide
on its 2013 Global Carbon Performance Leadership
Index. And we advanced to be among the top three
companies in our industry for environmental, social and
governance performance as ranked by MSCI, a leading
provider of indices and portfolio analytics.
Leading the Way
No review of 2013 would be complete without
thanking Robert J. Stevens for his many years of
service as Chairman and CEO of Lockheed Martin
Corporation. His strong leadership guided our company
through a period of sustained growth and exceptional
performance. We salute Bob as a colleague and a friend,
and we wish him the best in all his future endeavors.
As we look ahead to 2014, we do so with condence.
Our performance and innovation are as strong as ever.
Our portfolio is well-aligned to our customers’ current
and future needs. And our strategy has us positioned
for success on the global stage. We will not inch in
meeting our customers’ most challenging expectations,
and we will not falter in delivering innovation that
will help our customers strengthen global security,
deliver essential citizen services and advance scientic
discovery. We look forward to a bright future with
condence and determination.
Marillyn A. Hewson
Chairman, President and
Chief Executive Ofcer
Employee Photo Here
Jan Phillips, an Aeronautics production employee in Fort Worth,
assembles components for the F-35 Lightning II