LMT Lockheed Martin Corp - awarded $10.5B, 12-year glss2 contract for ussocom

As part of a historic investment to rebuild the Arsenal of Freedom, the Department of War named Lockheed Martin (NYSE: LMT ) the prime contractor of U.S. Special Operations Command's (USSOCOM) next-generation logistics and sustainment support program. The $10.5 billion, 12-year contract funds the Special Operations Forces Global Logistics Support Services II (GLSS2), a competitive follow-on contract to previous ones managed by Lockheed Martin since 2010 to ensure U.S. Special Operations has the sustainment and life-cycle management to support rapid deployment and mission overmatch. THE BIG PICTURE Under the new contract, Lockheed Martin will continue to execute day-to-day activities and conduct sustainment and life-cycle management of: Global supply chain of parts, warehouses and depots; Aircraft, vehicle and equipment repair, maintenance and modifications; and Critical infrastructure support and business process transformation.