Lockheed Awarded $440M National Airspace System Contract Extension; Rick Hieb Comments

lockheed martinLockheed Martin (NYSE: LMT) has been awarded a $440 million contract extension to continue performing integration and implementation services for the Federal Aviation Administration’s National Airspace System.

The Bethesda, Md.-based company has performed task orders under the NAS Integration Support Contract for the past four years and will continue work through at least October 2017,  Lockheed said Wednesday.

Lockheed works to consolidate and deploy information technology, engineering, spectrum analysis, training and flight procedures, as well as energy, environmental occupational safety and health services for the FAA.

“Our support of the FAA’s NAS Integration Support Contract program helps millions of U.S. travelers reach their destinations annually, ” said Rick Hieb, vice president of exploration and mission support for Lockheed’s information systems and global services business.

Nearly 1, 000 management and technical personnel use Lockheed-made tools to handle air traffic, the company says.

You may also be interested in...

DFT

Digital Force Technologies to Become Platform Company of DC Capital Partners

Digital Force Technologies has signed a strategic partnership with DC Capital Partners, allowing the private equity investment firm to run DFT as a platform company within its portfolio of businesses.

F-35

Lockheed Gets $710M Contract Modification for F-35 Production Materials

Lockheed Martin (NYSE: LMT) has been awarded a $709.8M contract modification by Naval Air Systems Command to obtain materials needed for the low-rate initial production of additional F-35 jets for U.S. and foreign military sales customers. The modification funds material purchases for lot 15 through lot 17 aircraft of the U.S. Air Force, Navy and Marine Corps as well as FMS and non-Department of Defense participants, DoD said Monday.