This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Lockheed Martin Selected To Deliver Efficient Cloud Hosting Services For Department Of Interior

Stocks in this article: LMT

ROCKVILLE, Md., Aug. 5, 2013 /PRNewswire/ -- The U.S. Department of Interior (DOI) selected Lockheed Martin (NYSE: LMT) to transition the agency to the cloud through efficient information technology (IT) service delivery solutions. The indefinite delivery/indefinite quantity contract is valued up to $1 billion, with options that extend through 2023.

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

Under the Foundation Cloud Hosting Services contract, DOI data and applications currently housed in more than 400 data centers, rooms and closets will be moved to the cloud to increase efficiency and meet the Federal Data Center Consolidation Initiative. The corporation has built a strong team of diverse partners to respond to DOI's requirements.

"Lockheed Martin offers an affordable, low-risk and user-friendly path to transition the Department of Interior from traditional to cloud-based IT," said Frank Armijo, vice president of Energy Solutions for the company's Information Systems & Global Solutions business. "We understand how to combine data center consolidation, cloud and other green IT practices to help our customers meet their mission needs and maximize the benefits of advanced technology."

Named by Washington Technology as the number one provider of IT services to the federal government for the past 19 years, Lockheed Martin has proven experience in designing and executing energy efficient IT services and solutions, as well as managing the consolidation and relocation of data centers and major IT programs.

Lockheed Martin's mission-based Solutions as a Service (SolaS®) platform leverages the corporation's industry partnerships, advanced technologies, domain and cyber security expertise and green IT practices to deliver a suite of on-demand, secure, scalable and compliant cloud solutions.



A thought leader in cloud computing, Lockheed Martin has been very involved in shaping standards across the industry. Lockheed Martin received the highest level Federal Risk and Authorization Management Program (FedRAMP) authorization from the FedRAMP Joint Authorization Board to become an approved provider of secure community cloud services to federal, state and local agencies. The company is one of the first large federal contractors to receive this level of authorization. This validates Lockheed Martin's strong cloud security practices and reassures federal agencies as they move to the cloud.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 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 2012 were $47.2 billion.

For additional information, visit our website: http://www.lockheedmartin.com/energysolutions

SOURCE Lockheed Martin Corporation

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

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs