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Lockheed Wins Potential $126M Contract to Track Military Cargo

Lockheed Martin (NYSE: LMT) has been selected by the U.S. Army to operate and maintain a system that tracks the identity, status and location cargo from its origin to destination.

Lockheed could win up to $126 million over five years for the work on the radio frequency in-transit visibility system. The company will work with the Army’s joint-automatic identification technology organization on the award.

“With the government’s and Lockheed Martin’s focus on affordability, the RF-ITV system is critical to manage military shipments such as cargo, supplies and unit movement, ” said DeEtte Gray, Lockheed’s vice president for enterprise information technology solutions.

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