Lockheed Lands $138.5 Million Comms Contract for Iraq and Afghanistan

Before you go, we thought you'd like these...
Before you go close icon

The Department of Defense counted its pennies carefully Wednesday, awarding only about $613 million in contracts to private industry. One company in particular, though, walked away with the lion's share of the awards: Lockheed Martin .

In a single contract valued at $138.5 million, Lockheed collected 22.5% of all funds on offer Wednesday. In exchange, the company will provide Communications Technical Support Services, or CTSS, to the U.S. Air Force Central Command from Sept. 21 of this year through Sept. 20, 2014 -- and perhaps longer. Lockheed's contract contains the possibility of an optional three-month extension, which, if exercised, will extend the contract through Dec. 20, 2014.

On its website, Lockheed describes the CTSS program as being aimed at supplying "critical information" to forward-deployed forces supporting Operation Enduring Freedom (Afghanistan), Operation New Dawn (Iraq), and other military deployments, "primarily in Southwest Asia."

The article Lockheed Lands $138.5 Million Comms Contract for Iraq and Afghanistan originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading