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0000 12/5/2017 1 Lockheed Martin Supplier Diversity Path to Small Business Partnership Bob Thompson II Supplier Programs Sr. Mgr. Lockheed Martin Corporation

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Page 1: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Lockheed Martin Supplier DiversityPath to Small Business Partnership

Bob Thompson IISupplier Programs Sr. Mgr.Lockheed Martin Corporation

Presenter
Presentation Notes
Thanks so much for this opportunity to speak with you today. It always gives me great pleasure to provide some information to help you not only understand how to do business with Lockheed Martin, but hopefully provide helpful information ortips on how to do business with Prime contractors in general. I’ll be presenting “Doing Business with Lockheed Martin – the New Reality”.
Page 2: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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VisionBe the global leader in supporting our customers’ missions, strengthening security, and advancing scientific discovery.

Page 3: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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98,000 Employees

People

49,000

590+ Facilities WorldwideWith 7,000+ Employees

Scientists, Engineers and IT Professionals

Operating in over 70 Countries

Page 4: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Customers• Departments of

– Defense

– Homeland Security

– Commerce

– Energy

– Justice

– State

– Transportation

• NASA

• Intelligence Communities

• 70 other Governments Worldwide

We Never Forget Who We’re Working For ®

Page 5: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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International

AeronauticsInformation Systems &

Global Solutions

Missiles andFire Control

Mission Systems &

Training

Space Systems

Business Structure

Company acquisition, 10/2015

Government IT Services divestiture, 07/2016

Presenter
Presentation Notes
Five core business areas and international
Page 6: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Business StructureMissiles andFire ControlAeronautics

Space Systems

Rotary and Mission Systems

Page 7: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

Lockheed Martin Business Areas

ROTARY AND MISSION SYSTEMSNaval Combat Systems• Radar and Surveillance Systems• Aviation Systems• Training and Logistics Solutions

MISSILES and FIRE CONTROL• Air and Missile Defense• Tactical Missiles• Fire Control• Combat Maneuver Systems

SPACE SYSTEMS• Surveillance and Navigation• Global Communications• Human Space Flight• Strategic and Defensive

Systems

AERONAUTICS• Tactical Fighters• Tactical /Strategic Airlift• Advanced Development• Global Sustainment

Page 8: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

Lockheed Martin’s Commitment to Small Business

• In GFY2016, awarded $4.2 billion total U.S. dollars to 10,000 small businesses

• Lockheed Martin actively seeks diverse suppliers

• Bring agility & new perspectives

• Provide innovative solutions to complex challenges

Page 9: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

Qualities Prime Contractors Seek in new Suppliers...

• Past performance with federal customer• Experience with Lockheed Martin or other Prime• Experience in one of our industries• Quality certifications• Security clearances• Cybersecurity readiness • Socio-economic status• Location• Technology unique to their company, patented• Differentiating factors• Supplier of needed services

Page 10: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Business Card Tips

– FRONT OF CARD– Supplier Name– Address– Email– URL– Phone number– Socio-economic status– Key descriptive words – BACK OF CARD

– NAICS/descriptions– DUNS & CAGE Code – Any strategic

information that you think your Target audience might find useful. (avery clear labels)

Presenter
Presentation Notes
Does your business card contain: Supplier Name Address Email URL Phone number Socio-economic status Key descriptive words Also, take advantage of the back of your card. We suggest having your…. NAICS/descriptions DUNS & CAGE Code
Page 11: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Point of Entry/Do Your Homework

• Study our website and programs• Register in LM’s Marketing Portal:

http://www.lockheedmartin.com/us/suppliers/doingbusiness.html• Supplier Wire:• http://www.lockheedmartin.com/us/suppliers.html

• For additional questions, email:[email protected]

Page 12: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Supplier WireA dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in general

Free webinars & live chats

Educational videos

Supplier testimonials

Veteran’s corner

Directories

Immediate needs bulletins

Partnership pursuits

Lockheedmartin.com / Suppliers / Supplier Wire

Presenter
Presentation Notes
Supplier Wire is a dedicated resource to assist small enterprises on how to do business with LMC and the industry in general. � It contains a wealth of information. Free webinars and chat sessions: On specific topics for small businesses, such as how to promote your innovations to LMC, seeking an internal or proposal pursuit partnership, ways to differentiate your business to get noticed. You can sign up on Supplier Wire and we also have recordings of past sessions. Educational Videos (4). Topics include: What We Look for in a Supplier – Is Your Firm a Match? Steps to Becoming a Supplier Innovations! Marketing New Technologies to Us Perfecting Your Elevator Speech Supplier Testimonials We have a collection of testimonial tips from our current successful small business partners from how they got their foot in the door to doing business to sustaining a relationship. Immediate Needs Bulletins We have a dedicated bulletin board when we have specific niche needs for procurement opportunities. Directories: Corporate Agreements listing What We Buy Events Calendar Partnership Pursuits: Internal partnerships BD – Proposal Pursuits SBIR (Small Business Innovation Research Program) Partnerships and topics of interest Veteran’s Corner – dedicated to veteran firms looking to do business. To get to Supplier Wire go to: Lockheedmartin.com / Suppliers / Supplier Wire
Page 13: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Utilize the SBLO

• Small Business Liaison Officer (SBLO)[email protected]

• Your Point of Entry & Advocate

• A Business Partner• Knows ALL key programs in their area• Aware of requirements• Integrated with BD & Contracts• Email is the preferred initial contact method• Include your website

• Understand that the SBLO may need to refer you further

• Mind your business ethics…gifts & gratuities, etc.

Page 14: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Steps to Marketing to Us

1. Study our website & programs: www.lockheedmartin.com– Determine if a match – Identify target businesses or programs – Review “What We Buy Directory”

2. Market to Lockheed Martin:a. Complete the marketing registration: www.lockheedmartin.com/suppliersb. Send request to:[email protected]. Check out the Immediate Needs Bulletin Boardd. Get added to the SBIR distribution list: [email protected]

Page 15: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Access To Target

• Is this company a good fit for your product or service

• Can you offer solutions to customer problems, is customer aware of potential problems

• What value proposition can be used to replace incumbent

• Do your recent success stories fit this customer

Every Business Professional Needs a Memorable Answer to the Question "What do you do?"

Page 16: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Make Initial Contact- taking your first shot

• Create a personal connection

• Listen and create two way conversation

• Communicate a brief & concise “Introduction” – Introduction is looking for permission to go into more depth– Focus on your company’s uniqueness & differentiators– Past performance data(quality & delivery)

• Have success stories to share

• Offer solutions to problems

Every Business Professional Needs a Memorable Answer to the Question "What do you do?"

Page 17: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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What Happened?Re-access and Make Corrections

• Was your message brief & concise? • Did you wait for permission to go more in depth?

• Did you capture their attention via your value proposition or company’s uniqueness?

• Was your past performance sufficient?

• Did your success stories have a positive impact on thisOpportunity?

• Were you able to understand the customer requirementsand offer potential solutions to problems?

Every Business Professional Needs a Memorable Answer to the Question "What do you do?"

Page 18: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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What Happens After Multiple Attempts?• Do you cut ties and end communications after several attempts?

• Is there true opportunity with this target client?

• Can you partner with another small company that will increase your

opportunity with this previously targeted client?

• Were you able to establish a common connection on a personal or human level?

• Can this client become a resource for you with other potential targets?

Every Business Professional Needs a Memorable Answer to the Question "What do you do?"

Page 19: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

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Conclusion

• Know your Business

• Study and know your potential client

• Listen

• Access the Target

• Focus on your shots

• Make adjustments to shots

Page 20: Lockheed Martin Supplier Diversity · 0000 12/5/2017 12. Supplier Wire. A dedicated resource for small enterprises looking to do business with Lockheed Martin and the industry in

© 2016 Lockheed Martin Corporation. All Rights Reserved

Presenter
Presentation Notes
PIRA Approved SSS201603015