Lockheed Martin (NYSE: LMT) today launched a science, technology, engineering and math (STEM) scholarship program for high school and college undergraduate students planning to pursue a major in engineering and computer science.
Beginning in 2019, the Lockheed Martin STEM Scholarship program will award a $10,000 annual scholarship to 200 recipients who demonstrate financial need and come from underrepresented or underserved communities. Recipients may renew the scholarship up to three times for a total potential value of $40,000 per student.
"We are looking for students who are creative and innovative – skills that are necessary for success in today's high-tech economy," said Patricia L. Lewis, Lockheed Martin senior vice president of Human Resources. "As a global leader in innovation, Lockheed Martin is focused on growing and inspiring the next generation of STEM talent that will help our customers tackle the world's toughest challenges and shape the future."
The STEM Scholarship program will continue to add up to 200 new recipients each year for a minimum total investment of $30 million over five years. The program is part of a series of investments Lockheed Martin is making in education and innovation as a direct result of tax reform.
Mentoring opportunities will be a key component of the program, and recipients will also be eligible for Lockheed Martin internship opportunities following their freshman year in college.
The application period opens on January 15, 2019, and will be administered by Scholarship America, an organization with more than 60 years of experience designing and managing scholarship programs.
Visit the STEM Scholarship page at lockheedmartin.com/scholarship to learn more about eligibility requirements and to be notified when the scholarship application opens.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. This year, the company received three Edison awards for groundbreaking innovations in autonomy, satellite technology and directed energy.
