Lockheed Martin Fund (LMT) - VTAstrobotics/Documentation GitHub Wiki

Lockheed Martin (LMT) account

This account functions almost exactly like the Foundation account except we can also direct spend using the aforementioned AOE order form. Note that the direct spend for travel is the same (i.e. it can only prepay registration, airfare, and some specific rental cars). IMPORTANT NOTICE: This account is ours, given to us by Lockheed Martin, in contrast to the other funds like EOF, which come with strings attached/ are a process we go through to gain access. This fund will run out if/when we spend it all and Lockheed doesn't add more. They gave us support in 2023 and 2024, so as long as we continue to maintain a healthy relationship with them and rank high in competition, we will continue to have a steady and generous source of income.

It's more difficult with LMT, especially reimbursement.

Internally, it is an operating ENG fund just like the Engineering Fund, but they wanted it to apply to things like team shirts. Behind the scenes, they spend it with a department fund and then use the LMT to reimburse the department fund.

No Amazon reimbursements, but direct spending is fine. Do note that there is a $10 minimum to be reimbursed.

Specific to travel spending: there are a lot of per diem (each person has a daily/trip-long budget for food and personal expenditures) rules tied to this fund so don't do it, just do reimbursement to save the headache. Just make sure that you have receipts of everything that happened, and the best rule of thumb is the fewer receipts, the better.