What are electronic ACH-Automated Clearing House Payments?
Lockheed Martin’s standard method of payment is electronic (ACH-Automated Clearing House (ACH). Electronic funds file will be transmitted on due date of invoice and should be available in your account on the next business day. Lockheed Martin supplies your bank with remittance details, which include the purchase order number, invoice number and dollar amount. You must verify that your bank will provide you with these payment details and also that your account accepts ACH. Details are also available on the Lockheed Martin “Paid/Unpaid” report.
