Lockheed Martin ($LMT) Just Reported Spending $3,400,000 on Lobbying for These Issues...

By James Kardatzke, CEO

Posted: 2 weeks, 3 days ago // Sept. 11, 2023 3:45 p.m. UTC

In a new disclosure filed last week, Lockheed Martin reported spending $3,400,000 on lobbying for issues relating to Transportation, Telecommunications, Trade(domestic/foreign), Taxation, Aerospace, Defense, and Budget/Appropriations.

They spent this money on a very wide range of legislation, with over a dozen bills being mentioned. Specifically, they listed off the following bills that their lobbying was intended to impact:

S 36/HR 486 - Kobe Bryant & Gianna Bryant Helicopter Safety Act including issues related to helicopter and safety technologies; Helicopter Passenger Protection Act including issues related to requiring crash fuel safety systems and other helicopter safety issues

Discussions related to the 3.45-3.55 GHz and Federal Communications Commission draft order, radar safety, radio altimeters, spectrum auctions and aviation safety

HR 2471 - Consolidated Appropriations Act, 2022 including issues related to foreign assistance; Congressional notifications for foreign military sales and defense collaboration services

S 749/HR 1304 - American Innovation and Jobs Act including issues related to the repeal of the R&D amortization provision in the tax code, pension issues, healthcare, paid leave, labor issues, telemedicine expansion, prescription drug cost issues, Health Savings Account (HSA) modernization

HR 5376 - Build Back Better Act including issues related to establishing a social safety net and social programs and to modify tax provisions, including Sec 174 that provides a four-year deferral of the R&D amortization provision, pension issues, healthcare, paid leave, labor issues, telemedicine expansion, prescription drug cost issues, HSA modernization

S 3511 - Satellite Cybersecurity Act including issues related to radio frequencies and defense platforms; S 1260 - United States Innovation and Competition Act of 2021 including all issues related to space and defense programs; NASA Authorization Bill including issues related to space programs

HR 2471 - Consolidated Appropriations Act of 2022, PL 117-103, Div. C, Titles III and IV, including issues related to ship building, undersea programs, aircraft, missile defense, radars, technology programs, helicopter, acquisition

S 2610/HR 5412 - Intelligence Authorization Act for Fiscal Year 2022 including issues related to intelligence

S 3023/HR 4432 - Department of Defense Appropriations Act, 2022 including issues related to military space, strategic programs, missile defense, cyber, technology, intelligence, acquisition

S 2792/HR 4350 - National Defense Authorization Act for Fiscal Year 2022, Titles XLI and XLII, including issues related to military space, strategic programs, missile defense, cyber, technology, intelligence, aircraft

S 3042/HR 4505 - Commerce, Justice, Science, and Related Agencies Appropriations Act, 2022 including issues related to space and intelligence programs

Department of Defense Appropriations Bill for Fiscal Year 2023, including issues related to aircraft, helicopter, technology programs, procurement, Research & Development (R&D), missile defense, intelligence programs, space

National Defense Authorization Bill for Fiscal Year 2023, Title VIII, including issues related to acquisition, aircraft, missile defense, procurement, R&D, intelligence programs, space, helicopter, technology programs; Lobbied on issues related to electromagnetic spectrum and chemical remediation

HR 4372 - Department of the Interior, Environment, and Related Agencies Appropriations Act, 2022 including issues related to the US Forest Service, aviation service contracts, modernization, aircraft, helicopter, technology programs

HR 2471 - Consolidated Appropriations Act, 2022, PL 117-103, including issues related to the US Forest Service, aviation modernization, ten-year aviation contracts, aircraft, helicopter, technology programs, missile programs, Research Development Test Evaluation (RDTE), procurement, space, intelligence, cyber

HR 4432 - Department of Defense Appropriations Act, 2022 including issues related to aircraft, helicopter, technology programs, missile defense

HR 4431 - Department of Homeland Security Appropriations Act, 2022 including issues related to aircraft, helicopter, technology programs, US Coast Guard appropriations, wildfire and firefighting programs

HR 6119 - Further Extending Government Funding Act including issues related to aircraft, helicopter, technology programs

S 3042/HR 4505 - Commerce, Justice, Science, and Related Agencies Appropriations Act, 2022 including issues related to aircraft, helicopter, technology programs

Lockheed Martin is consistently one of the top corporate lobbyers, and also one of the top recipients of government contracts. In the last year, Lockheed Martin ($LMT) has disclosed $10,470,000 of lobbying in total, across 3 different disclosures.

To see more information on lobbying by Lockheed Martin, you can visit our page for $LMT stock.

Relevant tickers: LMT

About the Author: James Kardatzke is the CEO and cofounder of Quiver Quantitative.