ALEXANDRIA, Va., Oct. 12 /PRNewswire/ -- A team led by Lockheed Martin (NYSE: LMT) was selected by the US Army Intelligence and Security Command (INSCOM) to compete for future task orders under the INSCOM OMNIBUS-III contracting vehicle.

"Lockheed Martin is thrilled to be selected by INSCOM," said Bob Kramer, Lockheed Martin Information Systems & Global Services-Defense's vice president for Operational Systems & Services. "The team is positioned to deliver innovative solutions and analytic subject matter expertise in support of Army Intelligence missions."

OMNIBUS-III is a multiple award, indefinite-delivery/indefinite-quantity (ID/IQ) contract, established by INSCOM to create the procurement framework for delivering dedicated intelligence and technical support to the US Army INSCOM and its major subordinate commands, as well as other customers across the federal government.

The Lockheed Martin-led team, one of six companies selected, will compete for future task orders which, all totaled, have a contract ceiling of $492 million over the course of five years. With this award Lockheed Martin continues its record of dedicated support to INSCOM totaling more than 20 years.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2009 sales from continuing operations were $44.5 billion.

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SOURCE Lockheed Martin