Lockheed Wins 10-year Contract with U.S. Special Operations Command
Contract for aircraft and vehicle maintenance and information technology and electronics is worth up to $5B.
GAITHERSBURG, MD — Lockheed Martin Corp. said Tuesday it has won a 10-year defense contract potentially worth $5 billion to provide logistics help to special operations forces around the world.
The contract was awarded by the U.S. Special Operations Command. It would cover services ranging from aircraft and vehicle maintenance to information technology and electronics.
Lockheed Martin said it will repair and maintain aircraft, ground vehicles, weapons and electronics equipment. It will also manage inventories, warehouses and depots, and upgrade infrastructure including secure IT networks.
The Special Operations Command said Lockheed would perform the work at facilities in Lexington, KY, and other locations around the world from this week until March 2018.
The command said payment provisions would include fixed prices, incentives, and cost-reimbursement arrangements. The mininum amount guaranteed is $2.5 million, it said.
Special operations said the contract was awarded to Lockheed's information systems unit through an open competition.
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