Lockheed Martin will administer two scholarship programs aimed at boosting the technology workforce, including a new effort that will provide aid to high school and college students pursuing vocational and trade degrees.
As the defense giant announced a new program to award 150 scholarships of as much as $6,600 to recipients across the country, it also renewed its four-year STEM scholarship program. That program will award 200 scholarships worth $10,000 this year.
The scholarship programs are a strategy to combat what has become the technology industry’s biggest vulnerability: a workforce shortage.
“We recognize the urgent need to address our nation’s skills gap by encouraging, attracting and developing the next generation of workers in science, technology, engineering and math,” Lockheed Martin CEO Marillyn Hewson said in a news release.
It will “develop the skills of workers who want to work in advanced manufacturing but do not choose to go to a four-year college,” she said.