Energy Management SUSTAINABILITY MANAGEMENT PLAN GOALS Annually increase carbon removal technology installation, investment and support through 2025. 16 Offset 100% of carbon emissions resulting from business-related travel by 2025. 2021 PROGRESS In 2021, we focused on strategy development for this goal and engaged with partner teams such as Lockheed Martin Ventures and Social Impact. In 2021, we drafted our offset procurement guidelines, which will be finalized in 2022. The guidelines describe the criteria we will use to evaluate carbon offsets. Lockheed Martin will focus on projects that meet these criteria and the quality criteria set forward by third-party market participants such as World Resources Institute and relevant certification bodies. Addressing Climate Risk Lockheed Martin is renewing our approach to climate risk with a focus on carbon removal and carbon offsets. We are committed to building a strong foundation now to support forward- thinking carbon-related projects in the future. Lockheed Martin’s Senior Vice President, Ethics and Enterprise Assurance has leadership oversight for these efforts and provides performance reporting to the Executive Leadership Team. Our corporate Sustainability policy provides overarching guidance, and is supported by our Task Force on Climate-Related Financial Disclosures Report published on our ESG Portal . Carbon Removal The Corporate Sustainability Office has recently partnered with the Lockheed Martin Ventures team to analyze new technology investment opportunities through a sustainability lens. Lockheed Martin Ventures makes strategic investments in companies that are developing cutting edge technologies in core businesses and new markets important to Lockheed Martin. The Corporate Sustainability Office reviews opportunities against sustainability criteria and Lockheed Martin strategy elements to identify climate technology that aligns with our sustainability priorities, such as carbon removal. The goal is to integrate sustainability into the standard evaluation process of Lockheed Martin’s potential investments to enhance value creation and climate innovation within our programs and operations. Additionally, the Corporate Sustainability Office is partnering with our Social Impact team to identify charitable donation opportunities that align with our sustainability strategy to increase carbon removal support, as well as ways to engage employees and enhance community resilience in locations where we operate. Carbon Offsets Lockheed Martin is actively taking steps to increase visibility of and to develop a reduction strategy for our Scope 3 emissions. We are taking the initial step of addressing Scope 3 emissions that are within our control at this time. Our travel management partners provide us with our total business travel-related emissions annually, including emissions associated with flights and rental vehicles. We plan to offset these emissions through projects that meet robust internal quality and credibility requirements in addition to quality criteria from third-party market participants, such as the World Resources Institute and relevant certification bodies. Priority will be given to projects that align with one of the following technology areas: methane capture and combustion, energy efficiency, fuel switching or projects with co-benefits related to communities and the environment. 16 Examples include afforestation/reforestation, direct air capture and habitat restoration. About this Report Our Company Our Sustainability Approach Our Sustainability Priorities Beyond the SMP ESG Performance Index www.lockheedmartin.com 2021 Sustainability Report 20