Lockheed Martin
(NYSE: LMT) won a competitive contract to support land-based vehicle
sustainment for all of the U.S. military's land-based vehicles over 10
years. The Defense Logistics Agency awarded Lockheed Martin initial funding
for the four-year base period to commence work on the Fleet Automotive
Support Initiative-Global (FASI-G) program. The indefinite
delivery/indefinite quantity contract has a potential value of up to $5.6
billion over the next decade.
FASI-G, administered by the Defense Supply Center Columbus, is part of
the Defense Department's initiative to improve logistics and sustainment
support to forces around the world, at the user level, through performance
based logistics.
Under the FASI-G contract, Lockheed Martin will use leading indicators
from military commands around the world, as well as predictive analysis, to
establish a supply chain that guarantees delivery of needed maintenance and
replacement automotive parts to warfighters in a defined period of time
while minimizing inventory and using a highly efficient distribution
network. Standing pricing agreements with more than 350 suppliers -- many
of which are small businesses -- producing more than 1,200 different parts,
will ensure cost efficiencies for the military and a stable supply of all
parts.
Lockheed Martin will use its proven SCM+(TM) supply chain management
solution, which is designed to provide total asset visibility, information
and progress-tracking metrics. The company currently uses its SCM+(TM) to
manage the logistics and warehousing for all tires used on U.S. military
aircraft around the world, supporting tire manufacturer Michelin Aircraft
Tire Company, LLC.
"For the warfighter, it comes down to having the right parts at the
right place at the right time, every time," said Dave Broadbent, vice
president of operations and global sustainment for Lockheed Martin's
Maritime Systems & Sensors business. "SCM+(TM) allows us to model the total
supply chain to meet customer surge requirements and provide forecasting to
assist our suppliers -- many of them small U.S. businesses -- in their own
planning."
A unique offering in Lockheed Martin's successful FASI-G proposal was
the company's commitment to recruit wounded veterans to fill critical
positions in the new program. Lockheed Martin's Seamless Transition
Apprentice Program, working with the U.S. Department of Veterans Affairs,
will initially provide meaningful and rewarding opportunities for four
veterans to seamlessly transition into Lockheed Martin's workforce allowing
them to leverage their knowledge and capabilities to ensure business
success.
Headquartered in Bethesda, MD, Lockheed Martin is a global security
company that 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. The
corporation reported 2007 sales of $41.9 billion.
SOURCE
Lockheed Martin
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