Mr. Vance Coffman
Chief Executive Officer
Lockheed Martin Corporation
6801 Rockledge Drive
Bethesda, MD 20817
Dear Mr. Coffman:
As you know, the International Association of Machinists and Aerospace Workers
represents thousands of Lockheed-Martin employees. As both employees of Lockheed-Martin, and shareholders of the
Company through the saving plan, our members are significant stakeholders in the
Company. As such, we are gravely
concerned about the reappointment of Mr. Frank Savage to Lockheed-Martin’s
Board of Directors.
At this time, with so much concern about corporate accountability in the
wake of the Enron debacle, we fear that having Mr. Savage, who served on the
Enron board, sends the wrong message to our members, shareholders, and the
general public.
In addition to removing Mr. Savage from the Board, I request that we have a
meeting to discuss Lockheed-Martin’s plans for avoiding an Enron-like
meltdown. In view of the importance
of Lockheed-Martin as the lead supplier of defense products to the United States
government, it is doubly important that positive measures are taken to avoid any
appearance of impropriety and to adopt positive measures of corporate
accountability. I look forward to
hearing from you as soon as possible on this matter.
Sincerely,
R. Thomas Buffenbarger
INTERNATIONAL PRESIDENT
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