Lockheed Martin Corp. has been awarded a contract worth up to $5 billion to support special operations forces of U.S. SOCOM. The work initially began in March of 2009, but was paused a month later. Lockheed will provide logistics and support systems for the U.S. Special Operations Command.
According to the Department of Defense, “The work will be performed at Special Operations Forces Support Activity in Lexington, Ky., and other locations across the globe and is expected to have a period of performance from March 2, 2009, to March 1, 2018. This contract was awarded through full and open competition. USSOCOM is the contracting activity (H92254-09-D-0001). This contract was previously awarded in March 2009, but was terminated due to protest activity in June 2009. The 2009 contract is now being reinstated to meet urgent operational requirements.”
Shares of Lockheed rose to $80.67.