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Lockheed locks down mtg. spend.

Publication: Business Travel News
Publication Date: 02-AUG-04 		Format: Online - approximately 731 words
Delivery: Immediate Online Access

Article Excerpt
As part of all effort to consolidate 55 separate business-unit travel policies into one, Lockheed Martin Corp. earlier this year deployed a companywide meetings policy, mandating the use of Get There DirectMeetings technology on an event's front end and a U.S. Bank Visa meetings card for payment.

The policy, Lockheed Martin's first to govern meetings operations, will allow the Bethesda, Md.-based defense contractor to consolidate event spending data throughout the large, decentralized company, enabling the negotiation of volume-based deals with meetings suppliers (Meetings Today, April 26, 2004).

Initial results of the policy implementation have encouraged the firm. "Quite a significant" number of meetings of at least 10 traveling,...

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