IS LOCKHEED INTO AUTO PARTS NOW?

September 15, 2008

Lockheed Martin Corp. was recently awarded a contract to oversee the inventory and distribution of automotive parts used on all U.S. military ground vehicles under a Defense Logistics Agency contract potentially worth $5.6 billion over 10 years.

Under the contract, Lockheed Martin will manage the supply chain that ensures delivery of maintenance and replacement automotive parts to warfighters in set periods of time. According to Lockheed, many of the suppliers are small businesses.

DLA awarded an initial four-year base contract to the company through the Fleet Automotive Support Initiative-Global program