Lockheed Martin Signs Five-Year Deal with Travelocity Business for Global Travel Management Services
June 20 2006 - 8:00AM
Business Wire
Travelocity Business(SM) today announced that Lockheed Martin
Corporation has signed a five-year agreement to use Travelocity
Business as its global corporate travel management provider.
Beginning in September, Travelocity Business will support Lockheed
Martin's global travel program that represents more than 80,000
frequent travelers worldwide. The largest provider of IT services,
systems integration and training to the U.S. government, Lockheed
Martin is also well respected for setting forth new standards in
business travel management, and in helping to shape the use of
technology to streamline travel processes. As part of the
agreement, Travelocity Business will provide its full range of
online and offline services to Lockheed Martin, including
twenty-four hour agency support, online booking, automated
fulfillment capabilities, and support services for VIP,
international, and meetings-related travel. Lockheed Martin will
also work with the Travelocity Business Consulting unit to explore
opportunities to optimize its supplier programs. "We are looking
forward to working with Travelocity Business to provide Lockheed
Martin travelers with the most efficient and effective travel
experience possible," said Richard Wooten, director of Corporate
Travel Services for Lockheed Martin. "Lockheed Martin has always
been innovative in its approach to corporate travel management, and
that makes them a perfect fit for Travelocity Business," said Ellen
Keszler, president of Corporate Solutions for Sabre Holdings
Corporation. "We are thrilled to have the opportunity to work with
Lockheed Martin to develop even more new ways to manage corporate
travel that break the traditional mold." Headquartered in Bethesda,
Md., Lockheed Martin employs about 135,000 people worldwide and is
principally engaged in the research, design, development,
manufacturing, integration and sustainment of advanced technology
systems, products and services. The corporation reported 2005 sales
of $37.2 billion. About Travelocity Business Travelocity Business
is a full-service corporate travel management company that helps
companies easily manage travel and reduce costs, while providing
more choices to travelers. Travelocity Business leverages its own
innovative technology to streamline travel processes, and
complements this with experienced corporate travel agents,
strategic account managers and in-depth consulting services.
Travelocity Business combines the expertise, service and travel
choices of Travelocity(R) with corporate experience gained from
serving more than half of the Fortune 200 companies. For more
information, companies can visit www.travelocitybusiness.com. Sabre
Holdings Corporation (NYSE:TSG) is a world leader in travel
commerce, retailing travel products and providing distribution and
technology solutions for the travel industry. More information
about Sabre Holdings is available at http://www.sabre-holdings.com.
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