New Zealand Defence Force Awards Lockheed Martin 10-year Logistics Contract

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4th March 2010, 07:51am - Views: 504

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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, 

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