Savi Wins Role on US DoD's RFID III Contract Vehicle

All U.S. Defense Services, Federal Agencies and Allied International Defense Forces Can Order from RFID III Contract

(Mountain View, Calif., December 23, 2008) -- Savi(r), a Lockheed Martin [NYSE: LMT] company and provider of RFID-based supply chain products and solutions, has been selected by the U.S. Department of Defense (DoD) to compete for future task orders under the RFID III procurement contracting vehicle. Three other prime contractors also were selected to bid for task orders during the initial three-year ordering period that's scheduled to begin early next year.

RFID III is an indefinite-delivery-indefinite-quantity (IDIQ) contract established by the U.S. Army on behalf of all Services with a total value of $428 million for active Radio Frequency Identification hardware, software and engineering services. The competitively bid RFID III contract, administered by the U.S. Army's Product Manager Joint-Automatic Identification Technology (PM J-AIT) office, is open to purchase orders from other U.S. Federal agencies and non-U.S. defense forces.

"We're honored that Savi's proven technology solutions continue to earn the trust of the DoD through the RFID III contract," said David Stephens, chief executive officer of Savi Technology. "We are fully dedicated to continuing to deliver innovative products and solutions that support the DoD's objectives and critical operations to enhance the visibility, management and health of vital assets throughout the supply chain."

Source : Lockheed Martin Corporation (NYSE: LMT) - click here for more information