Lockheed Martin (NYSE: LMT) has announced as a first within the domestic aerospace and defense industry, it is launching a vocational scholarship for high school seniors and college students pursuing vocational and trade degrees, the company said.
The program will award up to USD 6,600 each to 150 recipients this year. The scholarship will fund degrees at accredited vocational-technical schools to prepare students for careers in technology and advanced manufacturing that do not require a bachelor´s or advanced degree.
For the second year in a row, Lockheed Martin will also offer its four-year STEM Scholarship program.
This program is open to high school seniors and undergraduate students who plan to pursue a major in engineering or computer science, demonstrate financial need and come from underrepresented or underserved communities. In 2020, the program will award an additional 200 scholarships worth USD 10,000 in renewable funds per student.
Both these programs are being funded by proceeds from corporate tax reform and are part of a larger investment of USD 460 million by Lockheed Martin in education and innovation over a period of five years. The scholarships are one piece of Lockheed Martin´s 2018 pledge to create 8,000 new workforce development programs and invest USD 50 million in educational enrichment programs.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.