Lockheed Martin To Release Social Media Tool As Open Source Software

Gaithersburg, M.d., July 7th, 2009 --
Lockheed Martin [NYSE: LMT] announced today that it will release a proprietary social media tool under an open source software license. The announcement, made at the Enterprise 2.0 conference in Boston, is the first of its kind for Lockheed Martin.

Lockheed Martin has been developing proprietary social media technology to facilitate interaction between employees to create and share secure content using blogs and wikis. As a result, Lockheed Martin has become a leader of this technology in the aerospace and defense industry.

“Lockheed Martin has placed an emphasis on social media adoption by finding innovative ways to integrate a social dimension into our existing process and tools while reducing total cost of ownership,” says Linda Gooden, Executive Vice President for Lockheed Martin’s Information Systems & Global Services business area. “We are excited to now share our investment back to the open source community to help other organizations meet their knowledge sharing challenges.”

The proprietary social media tool that will be released under an open source license enables employees to consume, share, and discuss information from internal and external sources.

This tool provides a personalized experience for employees and enhances their ability to track and share information in an increasingly virtual work environment. Lockheed Martin will release the source code under an open source license and will allow interested parties to download, modify, and contribute to the open source project.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.