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Technology Stocks : LOCKHEED MARTIN, (LMT) -- Ignore unavailable to you. Want to Upgrade?

To: DWB who wrote (435)	9/25/1998 8:32:00 PM
From: Rick Hudson	Read Replies (1) \| Respond to of 732

Here is the news release on CSOC - a $3 Billion contract Friday September 25, 4:51 pm Eastern Time Company Press Release SOURCE: Lockheed Martin Corporation NASA Awards Lockheed Martin Led Team Consolidated Space Operations Contract BETHESDA, Md., Sept. 25 /PRNewswire/ -- The National Aeronautics and Space Administration (NASA) has selected the team led by Lockheed Martin to consolidate mission and data services operations at five of NASA's major centers. The Consolidated Space Operations Contract (CSOC)is valued at more than $3 billion over 10 years. The Integrated Operations Architecture (IOA) which Lockheed Martin will implement for NASA on CSOC will provide the agency with an infrastructure for space operations in the 21st century. Working in partnership with NASA, Lockheed Martin and its commercial teammates will leverage the rapidly advancing state of communications and data system technologies to consolidate and streamline NASA's space operations architecture. The integrated, Internet-Protocol-based IOA will increase performance and functionality while decreasing the operations and sustaining costs. With NASA, Lockheed Martin will move space operations to a commercial based structure, increasing its use by commercial customers, while ensuring mission success. ''CSOC is all about the future,'' said Jay Honeycutt, president and program manager, Lockheed Martin Space Operations Company. ''By reducing the cost of space operations, the team will save NASA funding that can be used for space and earth science programs, and new research initiatives. CSOC will present a variety of challenges but we look forward to working closely with NASA to achieve their goals.'' Lockheed Martin Space Operations Company is the lead-company for the team supporting CSOC. The team consists of AlliedSignal, Booz-Allen Hamilton, Computer Sciences Corporation [NYSE:CSC - news], GTE and approximately 36 subcontractors that will support the program. Lockheed Martin Space Operations Company is part of the Lockheed Martin Technology Services Group, a unit of the Corporation's Information & Services Sector. TSG has over 50 years of experience providing technical and management services for DOD and other government agencies around the world. Approximately 19,000 TSG employees are working on more than 150 contracts at over 300 sites in 16 countries. Headquartered in Bethesda, Maryland, Lockheed Martin is a highly diversified global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The Corporation's core businesses span space and telecommunications, electronics, information and services, aeronautics, energy and systems integration. Employing more than 170,000 people worldwide, Lockheed Martin had 1997 sales surpassing $28 billion.