Lockheed Martin [NYSE: LMT] was awarded a $144.8 million firm-fixed-price, indefinite-delivery/indefinite- quantity contract to develop the U.S. Marine Corps Embedded Platform Logistics System.

This advanced embedded capability for the Marine Corps Light Armored Vehicles, Medium Tactical Vehicle Replacement and the Amphibian Assault Vehicle will enhance operational readiness in support of Department of Defense condition-based maintenance efforts and Marine Corps Logistics Modernization programs. Modifications will be made to the sensors, on-board computers, displays and devices necessary to monitor vehicle performance and improve logistics support. The contract also calls for the creation of databases and end-user management applications to improve the availability of logistics information available to commanders as well as accurate operational status and system health reporting.

"We are creating logistics solutions that revolutionize the way that Marines plan, fight and win the battle," said Dale P. Bennett, president of Lockheed Martin Simulation, Training & Support. "To do this, we are leveraging technology that provides custom solutions at a lower overall cost."

Using data captured from individual vehicle sensors, the Enhanced Platform Logistics System will provide for predictive data and failure analysis, allowing Marines to deploy the best equipment available to accomplish a mission.

"We are bringing many of the concepts and lessons learned from the Lockheed Martin-developed F-35 Lightning II Autonomic Logistics Information System and the United Kingdom Joint Asset Management Engineering System, with the ultimate goal of extending additional capabilities throughout out the U.S. Marine Corps," explained Debra Palmer, vice president of Lockheed Martin Enterprise Logistics Solutions.

Lockheed Martin is a major supplier of training and logistics systems and services to military and civil government customers. The corporation provides solutions for platform maintenance and repair, material readiness and distribution, and global supply chain command and control.

Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products, and services.

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SOURCE: Lockheed Martin