MEDIA RELEASE PR38578
New Zealand Defence Force Awards Lockheed Martin 10-Year Logistics Contract
ORLANDO, Fla., Mar. 4 /PRNewswire-AsiaNet/ --
Lockheed Martin (NYSE: LMT) was awarded an initial 10-year contract
valued at more than $100 million by the New Zealand Defence Force (NZDF) to
provide its Army with warehousing and repair services.
The contract allows for syndication with other New Zealand agencies,
including New Zealand Police, for which Lockheed Martin could also assume
warehousing and facilities maintenance work. The agreement includes the
maintenance, repair and overhaul of the organization's equipment and supply
chain services ranging from soldier store acquisition, such as tents and
weapons, to warehouse sustainment.
The New Zealand Army is composed of 7,500 regular and reserve forces and
civilian personnel. Approximately 500 NZDF personnel are deployed on multiple
peacekeeping operations, United Nations missions and defence exercises around
the world. The Army's fleet of more than 500 vehicles includes NZ Light
Armoured Vehicles, Pinzgauer Light Operational Vehicles, Unimogs, and
transport, service and supply vehicles.
"Our goal is to ensure we provide the best possible supply service in the
most cost-effective way," said Debra Palmer, vice president of enterprise
logistics solutions at Lockheed Martin's Simulation, Training & Support
business unit. "We are focused on improving the availability of equipment and
supplies to sustain current operations while moving toward improved
capabilities in the future."
Lockheed Martin offers similar services to a number of military
customers. These include asset management capabilities to the United Kingdom
Ministry of Defence through its Joint Asset Management Engineering Solution,
a program which will ultimately enable the MoD to manage its land-based
equipment throughout all its services by providing an end-to-end logistics
management system. In addition, Lockheed Martin supports the U.S. Marine
Corps with the Embedded Platform Logistics System, and manages the supply
chain for automotive parts for the U.S. military's land-based vehicles with
the Fleet Automotive Support Initiative.
The contract begins in June 2010 after a transition from the current
service providers.
Headquartered in Bethesda, Md., Lockheed Martin is a global security
company that employs about 140,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services. The
Corporation reported 2009 sales of $45.2 billion.
SOURCE: Lockheed Martin
CONTACT: Media: Dana Johnson,
+1-407-306-7303,
dana.johnson@lmco.com
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