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ORLANDO, Fla., Feb. 28, 2011 /PRNewswire/ -- The U.S. Space and Naval Warfare Systems Command (SPAWAR) selected Lockheed Martin (NYSE: LMT) as one of four companies that will compete for task orders to enhance situational awareness on U.S. Navy ships, submarines and shore stations. The three-year indefinite delivery/indefinite quantity contract has an $831 million ceiling value, with one two-year option period that potentially raises the ceiling value to $1.375 billion.
The SPAWAR customer will use the contract to install and operationally certify Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) systems on Navy vessels and stations on the East and West Coasts as well as at multiple overseas locations. Of the four companies selected for the contract, Lockheed Martin is the only non-incumbent.
"The situational awareness that comes with C4ISR capability is critical to successful mission execution," said Carey Smith, vice president of Technical Services, Lockheed Martin Global Training and Logistics. "Lockheed Martin is proud to support efforts that will strengthen this awareness, which is truly the backbone of warfare intelligence."
This win expands the scope of work Lockheed Martin performs for SPAWAR. The Corporation supports SPAWAR Systems Center Pacific through engineering, fabrication, installation, logistics and administrative support, design, testing and evaluation, and rapid prototype development. It also manages the acquisition of commercial-off-the-shelf items utilized in turnkey operations of sophisticated electronics and communications equipment and systems.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 132,000 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 2010 sales from continuing operations were $45.8 billion.
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SOURCE Lockheed Martin