Thursday, October 17, 2019

From Wikipedia: Lockheed Martin

Lobbying

According to the magazine Politico, Lockheed Martin has "a political network that is already the envy of its competitors", and its contracts enjoy wide bipartisan support in the U.S. Congress thanks to it having "perfected the strategy of spreading jobs on weapons programs in key states and congressional districts".[94] The company's 2010 lobbying expenditure by the third quarter was $9.9 million (2009 total: $13.7 million).[95][96]

Through its political action committee (PAC), the company provides low levels of financial support to candidates who advocate national defense and relevant business issues.[97] It was the largest contributor to the House Armed Services Committee chairman, Republican Buck McKeon of California with over $50,000 donated in the election cycle as of January 2011. It also was the top donor to Sen. Daniel Inouye (D-HI), the chair of the Senate Appropriations Committee before his death in 2012.[77]

Lockheed Martin Employees Political Action Committee is one of the 50 largest in the country, according to FEC data. With contributions from 3,000 employees, it donates $500,000 a year to about 260 House and Senate candidates.[98]