LM Awarded JIEDDO OPS Services Contract

Lockheed Martin (NYSE: LMT) has been competitively awarded one of five Operations Support (OPS) Services Indefinite Delivery Indefinite Quantity (IDIQ) contracts from the U.S. General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) in support of the Department of Defense's Joint Improvised Explosive Device Defeat Organization (JIEDDO). The anticipated period of performance is two years with three optional one year periods and an estimated cost ceiling of $900 million. 

"Lockheed Martin is proud to continue our dedication to the JIEDDO mission, deploying highly-qualified personnel to serve as critical enablers for the warfighter's operations to identify and defeat the enemy networks employing IEDs against us and our Allies," said Bob Kramer, Lockheed Martin IS&GS-Defense vice president for Operational Systems & Services. "We always remember that this work is about saving lives, it's in the forefront of what we do every day."

Through the contract's task orders, Lockheed Martin will provide in-theater and reach back support in four specialized categories that are critical to satisfying JIEDDO OPS' mission requirements to include: operations, analysis, combat support and IT support for the analytical team.

Source: Lockheed Martin Corporation (NYSE: LMT)
Date: Feb 8, 2012