Lockheed Gets $217 Million to Upgrade Pentagon IT

Lockheed Martin (NYSE: LMT  ) has been awarded a $217 million, five-year contract to provide the Department of Defense with information technology equipment, software development tools, and relevant services to support the DoD's IT, information assurance, and information management activities. All of these activities are being performed under the aegis of the DoD's "2013 Campaign Plan" for IT modernization.

The defense contractor announced Monday that it had won the contract from DoD's Chief Information Office, helped in part by the fact that "26 years ago, Lockheed Martin helped write the DoD Architecture Framework, under which the Department of Defense operates today."

Lockheed Martin promised in a statement that its "information technology expertise will help create a seamless, secure Joint Information Environment, by creating streamlined IT modernization, enhanced warfighter capabilities, and faster, tactical connectivity."


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2378364, ~/Articles/ArticleHandler.aspx, 8/20/2014 6:26:37 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement