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Lockheed Martin Awarded Third Generation USAF Logistics Contract

ORLANDO, Fla., March 8, 2017 /PRNewswire/ -- The Defense Logistics Agency has named Lockheed Martin [NYSE: LMT] as the Industrial Product-Support Vendor (IPV) for the U.S. Air Force Generation III logistics program.

Lockheed Martin will continue to enable rapid replenishment of consumable parts to U.S. Air Force Air Logistics Complexes (ALC) at Hill Air Force Base, Utah, Tinker Air Force Base, Oklahoma, and Robins Air Force Base, Georgia, as part of the five year, $750 million contract.

"Our ability to integrate technology seamlessly helped us achieve a 99.78 percent bin fill rate with virtually zero quality issues," said Scott Martin, senior program manager of Lockheed Martin's U.S. Air Force IPV. "As the manufacturer...