This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lockheed Martin-led Team To Begin Work On $4.6 Billion Defense Information Systems Agency Contract

ALEXANDRIA, Va., Oct. 3, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will begin managing the transformation of the Department of Defense's global data network, known as the Global Information Grid.  The determination on this Defense Information Systems Agency (DISA) contract was made by the Government Accountability Office after a protest by a competing bidder.

(Logo: http://photos.prnewswire.com/prnh/20110419/PH85737LOGO-b )

With a total program value of $4.6 billion over a seven-year period, this Global Systems Management Operations (GSM-O) contract includes a three-year base contract period and includes two 2-year options to extend it to a total of seven years.

"We are gratified that the U.S. Government has made its determination, and we are ready to begin work with DISA to improve the speed and efficiency of information exchange between our joint warfighters around the world as well as their commanders and allies," said Gerry Fasano, president of Lockheed Martin Information Systems & Global Solutions-Defense. "Our team has maintained a high state of readiness to effect a smooth transition and an efficient, progressive path forward for the DISA."

GSM-O is the largest of three DISA Global Systems Management contracts. It provides programmatic, operations, and engineering services; material; equipment; and facilities to support the lifecycle management of the network. GSM-O is headquartered at Fort Meade, Md., with multiple support locations worldwide.

The Lockheed Martin team will manage a smooth transition of GSM-O responsibilities and evolve the network into one that supports new communications capabilities and technologies that directly affect warfighters' ability to achieve mission success. Lockheed Martin teammates include AT&T, ACS, Serco, BAE Systems, ManTech, and other specialized and small businesses.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.

For additional information, visit www.lockheedmartin.com/us/products/defenseIT.html

SOURCE Lockheed Martin

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs