LOCKHEED MARTIN CORP

We apply ethics, prudence and training to oversee and deploy artificial intelligence

The full Board maintains primary oversight of the Company’s governance of AI and related risks and reviews our AI strategy with senior leadership, including the Chief Technology Officer. We analyze AI risks through our Enterprise Risk Management process and include AI in risk discussions with the Audit Committee. In 2024, senior leadership and subject matter experts discussed with the Audit Committee the use of AI in finance, accounting and auditing applications. The CBS Committee regularly assesses AI matters in the context of our classified programs. The Governance Committee oversees our 2025 Sustainability Management Plan (SMP), which includes a goal for providing AI developers with training on system engineering approaches to AI ethical principles.

Our Code of Ethics and Business Conduct (Code of Conduct) and our “Ethical Development and Use of Artificial Intelligence” policy guide Lockheed Martin’s development and use of AI. In 2024, we developed and released a new AI Ethics training for AI coding engineers and achieved 100% completion, exceeding our SMP goal by one year. Our AI Ethics Subcommittee, under the direction of the AI Executive Steering Committee, oversees AI design, development, deployment and internal use aligned to our adopted principles for the responsible use of AI. These principles are: responsible, equitable, traceable, reliable and governable. We were one of the first large organizations to wholly adopt these principles developed by the U.S. Department of Defense and use them as the foundation for our AI program. This reflects our strong history of ethical use of technology, our Code of Conduct and our Core Values. The AI Ethics Subcommittee includes representatives from all business segments, our Advanced Technology Laboratory and from our human resources, communications, legal, ethics and business transformation functions. The subcommittee meets monthly and reports quarterly to the AI Executive Steering Committee. Both our Senior Vice President, Technology and Strategic Innovation and our Senior Vice President, Ethics and Enterprise Assurance review performance on a periodic basis and serve as the Executive Leadership Team’s leaders responsible for ethical use of AI.