Aerospace Group:

Lockheed Martin Replaces L-3 For Potential $5 Billion SOCOM Work

DDN

Wednesday, June 23rd, 2010

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The Defense Department June 21 awarded Lockheed Martin's [LMT] Information Systems & Global Services, Gaithersburg, Md., a potential $5 billion contract to support U.S. Special Operations Command, the same contract the company lost to rival L-3 Communications [LLL] a year ago. The indefinite-delivery/indefinite-quantity contract has mixed payment provisions including firm-fixed-price, incentive, and cost-reimbursable arrangements for contractor logistics support services for worldwide SOCOM support. The work, expected to run until March 1, 2018, will be done at Special Operations Forces Support…

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