Business

August 6, 2012

Lockheed Martin launches innovation contest

Lockheed Martin Corporation announced Aug. 6 a worldwide innovation contest with cash awards totaling $50,000.

The “Innovate the Future” contest creates a global forum for interested participants to share their ideas on how innovation can enable a more secure future for the planet. Participants are invited to submit their thoughts on a range of topics facing the world community, including the need for sustainable energy, cyber security, and healthcare.

“Lockheed Martin has 100-year legacy of discovery, innovation, and breakthroughs that have made lasting impacts on society, from human’s first attempts at flight, to systems for controlling the world’s air traffic, to our earliest exploration of space,” said Dr. Ray O. Johnson, senior vice president and chief technology officer of Lockheed Martin.

“An important lesson from this legacy is that good ideas can come from anywhere. Through this contest, we are creating an online environment that helps people with diverse backgrounds and experiences share their ideas,” continued Johnson.

To enter the contest, participants must complete a brief submission online from August 6 to September 30, 2012. Up to five ideas will be selected for cash awards by a committee comprised of Lockheed Martin employees and at least one independent third party.

There will be up to one $25,000 grand prize, one $10,000 second place prize, and three $5,000 third place prizes. The grand prize winner will also receive an incubation contract with the Maryland Technology Enterprise Institute at the University of Maryland to help validate and develop the idea.

Lockheed Martin is currently commemorating its Centennial anniversary and the company’s history of innovation. For more information, including stories of innovation, please visit: www.lockheedmartin.com/100years.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 30, 2014

News: Software to power F-35 running as much as 14 months late¬†- Software needed to operate Lockheed Martin’s F-35 jet, the Pentagon’s costliest weapons system, may be as much as 14 months late for required flight testing, according to a Pentagon review.   Business: Lockheed will turn on JLTV production line In August; 6-D truck...
 
 

News Briefs July 30, 2014

U.S. military deaths in Afghanistan at 2,197 As of July 29, 2014, at least 2,197 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,819 military service members have died in Afghanistan as a result...
 
 
Lockheed Martin photograph by Tom Reynolds

F-35B successfully completes wet runway, crosswind testing

Lockheed Martin photograph by Tom Reynolds F-35B aircraft BF-4, piloted by Lockheed Martin Test Pilot Dan Levin, starts down the runway as part of wet runway and crosswind testing at Edwards AFB, Calif. In an important program ...
 

 
boeing-chinook

Boeing delivers first U.S. Army multiyear II configured Chinook

Boeing July 29 delivered the first multiyear II configured CH-47F Chinook helicopter to the U.S. Army one month ahead of schedule. The delivery was celebrated in a ceremony at the production facility in Ridley Township, Penn. ‚...
 
 
Army photograph by SSgt. Angela Stafford

Engineers developing safer, more accurate tracer round

Army photograph Tracer rounds enable the shooter to follow the projectile trajectory to make aiming corrections. However, the light emitted by these rounds also gives away the position of the shooter. Engineers at Picatinny Ars...
 
 
NASA photograph by Carla Thomas

Katherine Lott awarded NASA Armstrong employee scholarship

NASA photograph by Carla Thomas Katherine Lott, the recipient of the 2014 NASA Armstrong Employee Exchange Council Joseph R. Vensel Memorial Scholarship, is congratulated by NASA Armstrong center director David McBride. Flankin...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>