Lockheed Martin has selected ICF International (NASDAQ: ICFI) to help it fulfill a Federal Aviation Administration contract with an estimated value of more than $500 million. The contract’s total value to ICF is estimated to be more than $50 million.
FAA’s National Airspace System Integration Support Contract III tapped Lockheed Martin to provide critical professional, technical and planning assistance to a wide range of FAA organizations. It has a term of four base years and two three-year option periods.
Lockheed Martin and ICF will support the existing National Airspace System while aiding the planning, development and implementation of its comprehensive overhaul, NextGen, which aims to make air travel more convenient and dependable.
“We are very pleased to continue working with our partner Lockheed Martin under NISC III, supporting the FAA in its mission of providing the safest, most efficient aerospace system in the world, ” said Lou Pack, senior vice president for ICF International. “We have been part of the NISC Team since the early 1990s under NISC I, and look forward to continued participation.