Lockheed Added to $475M Army Target Systems IDIQ

Lockheed Martin (NYSE: LMT) was one of six firms added to a $475 million indefinite-delivery/indefinite-quantity contract to support the U.S. Army‘s targetry systems program.

Work on the firm-fixed-price multiple-award-task-order contract is estimated to be completed May 31, 2016.

The bid was solicited through the Internet, with five bids received.

The U.S. Army Contracting Command, Warren, Mich., is the contracting activity.

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