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Lockheed Martin Awarded Integration Services Task Order from Defense Finance and Accounting Service

OWEGO, NY, July 9th, 2002 -- Lockheed Martin has been awarded a $4.4 million task order under its existing Defense Finance and Accounting Service (DFAS) Financial Integrated Systems Services II Blanket Purchase Agreement, with a potential value of up to $20 million over the next five years, to provide integration services for the DFAS Patuxent River Technical Support Organization. The DFAS provides accounting and payroll services to the Department of Defense (DoD). This contract supports the Defense Industrial Financial Management System (DIFMS), the NAVAIR Industrial Material Management System (NIMMS), the Automated Bill of Material (ABOM) system, and the DFAS Integration Engine (IE).

Lockheed Martin is responsible for the overall sustainment, refinement and modernization of the current DFAS architecture and the associated implementation processes. Lockheed Martin will provide staffing, software maintenance, quality assurance, software configuration management and requirements management support. The base contract has been awarded for a five-year period.

"Lockheed Martin is delighted to continue our partnership with the defense financial community. We are committed to the successful modernization of their information systems and are pleased to provide comprehensive information technology support to DFAS," said Peter Rogers, Systems Solutions vice president for Lockheed Martin Systems Integration - Owego.

Lockheed Martin Systems Integration - Owego is a leader in providing advanced technology products, services and systems integration solutions for defense, civil and commercial customers worldwide. Systems Integration - Owego is a business segment of Lockheed Martin Corporation with headquarters in Bethesda, MD and employing 125,000 employees worldwide. Visit Lockheed Martin at http://www.lockheedmartin.com.

Nancy Woytek, 607-751-2598, mailto:nancy.woytek@lmco.com