Lockheed Martin Corp. (NYSE: LMT) on Nov. 15 launched a $30 million STEM (science, technology, engineering and math) scholarship program for high school and college-undergraduate students planning to pursue a major in engineering and computer science. Bethesda, Maryland–based Lockheed Martin is a defense contractor with plants in Salina and in Owego. Beginning in 2019, the Lockheed […]
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Lockheed Martin Corp. (NYSE: LMT) on Nov. 15 launched a $30 million STEM (science, technology, engineering and math) scholarship program for high school and college-undergraduate students planning to pursue a major in engineering and computer science.
Bethesda, Maryland–based Lockheed Martin is a defense contractor with plants in Salina and in Owego.
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,” according to a company news release.
Recipients may renew the scholarship up to three times for a total potential value of $40,000 per student.
When asked what role the Salina and Owego plants would play in the scholarship program, company spokesperson Maureen Schumann said in an email reply that the “program is open to U.S. citizens attending U.S. colleges and universities so we encourage widest dissemination.”
“We are looking for students who are creative and innovative skills that are necessary for success in today’s high-tech economy,” Patricia Lewis, senior VP of human resources at Lockheed Martin, said in the release. “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 said it is making in education and innovation “as a direct result” of the Tax Cuts and Jobs Act, which cut the corporate tax rate this year.
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 Jan. 15, 2019 and will be administered by Scholarship America, an organization with more than 60 years of experience designing and managing scholarship programs, Lockheed Martin said.
Those interested can visit the STEM Scholarship page at lockheedmartin.com/scholarship to learn more about eligibility requirements and to be notified when the scholarship application opens.