Lockheed Lands $138.5 Million Comms Contract for Iraq and Afghanistan

The Department of Defense counted its pennies carefully Wednesday, awarding only about $613 million in contracts to private industry. One company in particular, though, walked away with the lion's share of the awards: Lockheed Martin (NYSE: LMT  ) .

In a single contract valued at $138.5 million, Lockheed collected 22.5% of all funds on offer Wednesday. In exchange, the company will provide Communications Technical Support Services, or CTSS, to the U.S. Air Force Central Command from Sept. 21 of this year through Sept. 20, 2014 -- and perhaps longer. Lockheed's contract contains the possibility of an optional three-month extension, which, if exercised, will extend the contract through Dec. 20, 2014.

On its website, Lockheed describes the CTSS program as being aimed at supplying "critical information" to forward-deployed forces supporting Operation Enduring Freedom (Afghanistan), Operation New Dawn (Iraq), and other military deployments, "primarily in Southwest Asia."

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  • Report this Comment On July 03, 2013, at 10:20 PM, quasimodo007 wrote:

    evil corrupt cheney probably pulled stings from his loyal US Military Generals TOP BRASS to help his corrupt contractors who RIP OFF Americans TAX Payers with cost Over runs which means Billions of TAX Payers Dollars.

    THE GREAT American RIP OFF is their MOTTO along with the evil GOP congress and their mafia Privilege Crooks of wall street.

  • Report this Comment On July 03, 2013, at 10:55 PM, tommy1954 wrote:

    ok here is some more odd spending,while they say we're winding down the war over there they keep sending money from over here,awhile back I was surfing here and read a posting from a find in afghanistan of a 5-6 thousand years virmana flying craft has late as October 2012,there is for sure something that's keeping our interest up in that region,and being these countrys are very old and may been visited by others not from this planet I think they've stumble on to something that there not telling anyone outside the need to know idea.

  • Report this Comment On July 04, 2013, at 8:20 AM, ghelmz21 wrote:

    Not much money in the scope of things. Are they starting with a carrier pigeon network?

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