Lockheed Martin Corporation (NYSE: LMT) and SAP SE (NYSE: SAP) announced today an expansion of their strategic relationship to transform the mission-critical business systems that power Lockheed Martin's OneLM Transformation Program (1LMX). 1LMX is the industry-leading business and digital transformation effort that is enhancing the speed, agility, insights and competitiveness of Lockheed Martin. By leveraging data as a strategic asset, enabling a model-based enterprise that spans the full product value chain, and streamlining systems and processes to both grow and run the business, Lockheed Martin is taking the lead in forging a more resilient, secure and modernized supply chain for the nation's defense industrial base.

Building on the decades-old relationship between the companies, Lockheed Martin is leveraging the RISE with SAP solution to expand its enterprise cloud capabilities and introduce the tools needed to implement core business processes in managed FedRAMP-compliant cloud environments through the 1LMX initiative. In addition, SAP® Business Technology Platform (SAP BTP) will provide Lockheed Martin with a secure innovation platform on which to develop emerging technologies. The SAP Analytics Cloud solution will enhance its strategic data management and analytics objectives.

"By leveraging SAP's industry expertise, the RISE with SAP solution, and the strength and reliability of SAP S/4HANA, Lockheed Martin aims to further enhance its position as an intelligent, sustainable enterprise in the cloud while operating with uncompromised security and support," said Scott Russell, member of the Executive Board of SAP SE and lead of Customer Success, SAP SE. "After nearly 25 years of partnership, we are proud that Lockheed Martin is leveraging SAP technology to tackle truly incredible missions – like taking humans back to the moon. With this announcement, they are looking beyond the moon, with one of the most innovative enterprise business and digital transformations ever conceived, hand-in-hand with SAP."

"Our customers, including the U.S. Department of Defense, face rapidly evolving threats, and they have made it a priority to become faster and more agile without compromising security. By expanding our partnership with SAP and by accelerating our move to the secure cloud, we will be able to provide the increased speed, agility, security and resilience our customers need to stay ahead of ready," said Yvonne Hodge, Senior Vice President, Enterprise Business and Digital Transformation, and Chief Information Officer, Lockheed Martin. "Through this agreement, we will be able to manage more closely product impact, employee well-being, resource efficiency and data security. We will be better able to grow and run our business and, most importantly, we will be well positioned to transform how we design, buy, build and sustain the products critical to the security of the United States and our allies."

RISE with SAP will bundle the applications, platforms, tools and services necessary to enable business process innovation for Lockheed Martin, identifying efficiencies and supporting Lockheed's vision to provide enterprise interoperability in support of meeting the needs of the government, defense and aerospace markets. RISE with SAP will shift the company's SAP ERP software systems to SAP S/4HANA® Cloud and will significantly expand Lockheed Martin's use of SaaS products from SAP in the areas of business technology platform, intelligent spend, human experience management, digital supply chain and several others.