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Lockheed Lands on Lucrative Coast Guard Contract

Lockheed Martin (NYSE: LMT) won a spot from the Coast Guard on a five-year ID/IQ covering training and technical support services.

The deal includes a $57 million ceiling value.

The firm will cover a number of tasks, including hiring specialized instructors in aviation and handling performance analysis.

“We’re proud that the Coast Guard has entrusted us with helping train and develop the next generation of servicemen and women, ” said Carey Smith, vice president of Technical Services, Lockheed Martin Global Training and Logistics. “Whether it’s developing curricula or finding the best instructors for a particular program, Lockheed Martin is focused on delivering the best value for our customer so their trainees can deliver the best in performance.”

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