Hello, Guest!
  • Tuesday, April 16, 2024

Lockheed’s Bob Stevens Comments on Decade-Long Deal Worth Potential $5 Billion

Lockheed Martin (NYSE: LMT) won an indefinite delivery / indefinite quantity contract from the U.S. Special Operations Command to support complete logistics to soldiers around the world.

According to the firm, “the Logistics Support Contract for U.S. Special Operations provides a wide range of mission-critical services, from aircraft and vehicle maintenance to IT and electronics support. The contract has a potential value of $5 billion over 10 years.”

“We’re honored to support the men and women of the Special Operations Command, and we’re committed to providing these exceptional warfighters with the services they need to carry out their vital missions, ” said Lockheed Martin Chairman and CEO Bob Stevens. “We know the urgency of this work and our team is already in place, meeting the customer’s needs.”

Video of the Day

Related Articles

CACI to Buy Va. Business Analytics Firm Delta Solutions; Dan Allen Comments M&A Activity

CACI to Buy Va. Business Analytics Firm Delta Solutions; Dan Allen Comments

CACI International Inc. (NYSE: CACI) announced Thursday it has signed a definitive agreement to acquire financial management and business analytics services provider Delta Solutions and Technologies Inc. for an undisclosed amount. CACI said it expects the deal to increase its earnings per share in the year after the expected July 1 close and open new

BAE Systems Wins $850 Million Army Contract Contract Awards

BAE Systems Wins $850 Million Army Contract

BAE Systems won a deal from the U.S. Army to manage, operate and maintain the Radford Army Ammunition Plant in southwest Virginia. According to the firm, “the operating contract includes a 10-year base plus three five-year options, which, if fully exercised, will extend the award thru 2036.  Initially, the Army has awarded approximately $850 million

ITT CEO Loranger to Speak at Electrical Products Group Conference News

ITT CEO Loranger to Speak at Electrical Products Group Conference

ITT Corporation (NYSE: ITT) CEO Steve Loranger is set to present at the 2011 Electrical Products Group Annual Spring Conference in Longboat Key, Fla. on Monday, May 16, the firm reports. Loranger’s comments will begin at 9:00 a.m. EDT.