Information Systems & Global Services (“IS&GS”), a unit of Lockheed Martin Corporation (LMT), received an indefinite-delivery-indefinite-quantity (IDIQ) contract worth $26.1 million from the U.S. Army to provide a host of new enterprise architecture services.
Under the contract, Lockheed Martin will provide operational architecture development, architecture integration, data management, and data visualization support to the U.S. Army Training and Doctrine Command (“TRADOC”) Architecture Integration Management Division (“AIMD”).
These services with a one-year period of performance and two one-year options will enable AIMD to support expanded capabilities development across the doctrine, organization, training, material, leadership, personnel, and facilities domains.
Lockheed has a proven background in Operational and Enterprise Architecture. Enterprise Architecture is a core competency that the company continues to develop in order to support its customers. It has the expertise to support the development, validation, visualization, and management of Army operational architecture data, documentation, and products.
Lockheed Martin's TRADOC AIMD team includes Booz Allen Hamilton of McLean, and Bridgeborn of Virginia Beach, Virginia. Work on this program will be basically performed at U.S. Army TRADOC headquarters at Ft. Eustis, Virginia. However, team members will also be located in Crystal City, Virginia and at the TRADOC Centers of Excellence located across the U.S.
Lockheed Martin Corporation is expected to register a stable performance driven by its leveraged presence in the Army, Air Force, Navy and IT programs. Also, the company’s focus on debt repayment, its ongoing share repurchase program and the incremental dividend will continue to shore up shareholder return.
We, moreover, believe market pessimism is fully accounted for in the current valuation, which is priced at a discount to both industry peers and the overall market. The company presently retains a short-term Zacks #3 Rank (Hold) that corresponds with our long-term Neutral recommendation on the stock.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company mainly competes with Northrop Grumman Corporation (NOC) and The Boeing Company (BA).
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