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Business/Financial

Lockheed Martin-led Team Captures Potential $1Billion NGI Award

DDN

Wednesday, February 20th, 2008

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The FBI awarded Lockheed Martin [LMT] a potential 10-year, $1 billion contract to be the systems integrator in the design, development and deployment of its Next Generation Identification (NGI) system, which will expand the agency's current electronic fingerprint-based database to include multiple biometrics to better improve the identification and capture of criminals and terrorists. The value of the contract for the base year is $38.2 million. The contract contains nine option years. NGI, which will eventually replace the FBI's Integrated…

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