Lockheed Martin's 1LMX: Digital Transformation and Operational Improvements

In alignment with Lockheed Martin’s commitment to innovation and transformation, we are implementing a new operational structure designed to streamline our processes and systems. This advancement is a significant milestone in our digital and business transformation journey, aimed at re-engineering our operations to enhance efficiency and ability to serve our customers’ needs. 

At the heart of this initiative is an alignment of our cost accounting segments with common accounting practices and business processes, and modernized systems. By aligning many of our current cost accounting segments, we aim to simplify our financial management and reporting processes, leading to new common disclosure statements, providing greater transparency for stakeholders and enabling informed decision-making.

What is 1LMX?

1LMX is our mission-driven business and digital transformation program, in which we’re transforming our end-to-end business processes and systems and creating a model-based enterprise with a fully integrated digital thread throughout the product lifecycle. Our transformation is a strategic response to the evolving needs of our business and the industry as a whole, enabling Lockheed Martin to deliver the speed, agility and insights our customers need to be ahead of ready to address growing security threats across the world. By creating a cohesive operational structure, we are embracing transformation, fostering increased collaboration and agility and accelerating 21st Century Security® capabilities to support our customers’ missions. 

Operational Structure Benefits include:

• Process standardization: By adopting common business processes, we can eliminate redundancies, reduce complexity and enhance overall efficiency.
• System modernization: Modernized systems will facilitate seamless integration and interaction between various business segments, improving data sharing and decision-making capabilities.
• Enhanced transparency: The new common disclosure statements will increase transparency for stakeholders, improve speed and drive interoperability. 
• Improved collaboration: A unified operational structure will encourage collaboration across business segments, fostering innovation and enabling us to better serve our customers.

As we embark on this journey, Lockheed Martin remains committed to investing in our digital future and ensuring that we remain a leader in innovation. With 1LMX, we are taking a significant step toward a more efficient and collaborative organization, ready to tackle the challenges and opportunities of the future.

At Lockheed Martin, our mission is to solve complex challenges, advance scientific discovery and deliver innovative solutions to meet the needs of our customers. Our 1LMX transformation is a testament to our dedication to continuous improvement and innovation, as we strive to deliver 21st Century Security® capabilities to our customers. 

Stay tuned for further updates on the 1LMX transformation and Lockheed Martin's ongoing digital journey.