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Lockheed Martin gets $292.7 million Army pact for IT network support

From The Associated Press, November 2, 2009 - 5:24 PM

Lockheed Martin gets $292.7 million Army pact for IT network support

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ARLINGTON, Va. (AP) - Lockheed Martin Corp. received a $292.7 million contract from the Army to provide network infrastructure support, the company said Monday.

The defense contractor will continue to provide network operations maintenance, management and security support for all data networks within the Pentagon and the National Capital Region.

Lockheed won the initial 10-year deal in 2000 and was responsible for providing infrastructure and network management as the Pentagon revamped its IT system.

Shares of the Bethesda, Md., company added 8 cents to close at $68.87.