Lockheed Named to $2.5B Army IDIQ for Soldier Support Services

The U.S. Army Forces Command has selected Lockheed Martin (NYSE: LMT) to be one of 13 companies on a five-year indefinite-delivery/indefinite-quantity contract with a cumulative ceiling value of $2.5 billion. The contract is part of an operations, planning, training and resource support services effort. Lockheed will provide these services to soldiers in the U.S. and overseas. The company will support: Flight...

SAIC Snags Army Contract

SAIC (NYSE: SAI) announced this week the company won an additional contract with the Department of the Army Mission and Installation Contracting Command Center, Fort McPherson, Ga., to support the U.S. Army Forces Command with training solutions. The IDIQ contract places a $2.5 billion ceiling with a base period of one year and four one-year extension options. “We look forward to continuing to...