Lockheed Martin Locks up Air Force Contract

 

Lockheed Martin, one of the nation's top defense firms, has recently been awarded a three-year, $791 million contract by the U.S. Air Force, CNBC reports. Under the contract, Lockheed Martin will provide information technology services for the Global Combat Support System program. In addition to the three years of the contract, four one-year options are included.

The projects will be completed at the Maxwell Air Force Base in Alabama, as well as Air Force bases in Utah, Ohio and New York, meaning the contractor will likely hire professionals with security clearance for defense jobs and intelligence jobs related to the projects. Lockheed Martin is based in Bethesda, Maryland.

The same day that Lockheed Martin announced its newest Air Force deal, Massachusetts-based defense firm Raytheon also released news that it had secured a $19.9 million contract to supply viewing and weapons-sighting parts to Finland's military, BusinessWeek reports.

Raytheon's "PhantomIRxrT" viewing systems will soon be integrated into the Finnish military and this relationship will continue through 2014. Work on this project will be completed in Richardson, Texas.