Lockheed Martin Claims $424 Million Defense Deal; SAIC Wins, Too

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) was awarded a $424, 708, 002 contract modification, which will exercise the option for production of GEO Satellite 4.  At this time, $75, 000, 000 has been obligated.  Infrared Space Systems Directorate, Space and Missile System Center, El Segundo, Calif., is the contracting agency (FA8810-08-C-0002; P00017)

“SAIC (NYSE: SAI) was awarded a $71, 870, 363 firm-fixed-price contract.  The award will provide for joint logistics integrator and operational readiness services for the Joint Program Office for the Mine Resistant Ambush Protected Vehicle.  Work will be performed in Kuwait; Afghanistan; Iraq; Qatar; Oman; and Sterling Heights, Mich., with an estimated completion date of Nov. 8, 2011.  One bid was solicited with one bid received.  The U.S. Army TACOM LCMC, Contracting Center, Warren, Mich., is the contracting activity (W56HZV-09-A-0003).”

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