Lockheed Martin wins $10.5 billion contract to provide logistics support for U.S. Special Operations Command
The U.S. Department of Defense and Lockheed Martin announced on July 16 that Lockheed Martin has won a 12-year contract with a maximum value of $10.5 billion from the U.S. Special Operations Command to provide next-generation global logistics and maintenance support services for U.S. special operations forces. This contract, codenamed "Special Operations Forces Global Logistics Support Services II," is the largest service contract of the US Special Operations Command. As a continuation of the previous contract that Lockheed Martin has managed since 2010, the new contract will ensure that special operations forces receive the full life cycle management support needed to maintain rapid fielding and mission advantage. According to the contract, Lockheed Martin will be responsible for daily operations execution, specifically covering global parts supply chain, warehouse and supply depot management, repair, maintenance and modification of various aircraft, vehicles and equipment, as well as critical infrastructure support and business process transformation. Vic Tola, Vice President of Lockheed Martin Special Operations Global Logistics Support Services, said that the company's team has provided logistics and support services to special operations forces for more than 16 years, and the new contract will further promote the transformation of global special operations logistics. Lockheed Martin's operations on the project are based at Blue Grass Station in Lexington, Ky., with more than 3,300 employees worldwide and multiple subcontractor partners to provide support. The contract value accounts for approximately 14% of Lockheed Martin's annual revenue of US$75.1 billion.