NASA Awards Lockheed Martin $667.3M Facilities Development and Operations Contract

Houston, Texas -- NASA has announced that a team led by Lockheed Martin [NYSE: LMT] was selected to perform the Facilities Development and Operations Contract (FDOC) at the Johnson Space Center. The contract is scheduled to start on January 1, 2009, and is a three-year and nine-month contract worth approximately $667.3 million. The contract also includes two one-year options that could raise the value to $977 million if all options are exercised.

FDOC services will include the development, sustaining engineering, operations, and maintenance of facilities supporting training, flight design, flight planning, reconfiguration, and real-time operations for human space flight programs. Additionally, FDOC will provide the development and sustainment of user software applications.

“We are proud to have been chosen for this significant and vital contract that will be a key factor in the new Constellation Program. Our team is energized and ready to help NASA reach their goals as we move on to the next phase of space travel,” said Rick Hieb, Vice President of Lockheed Martin Mission Services. “We have an outstanding team that brings NASA a long history of high performance and collaboration. We are looking forward to this new challenge.”

The Lockheed Martin team includes United Space Alliance, Honeywell, Cimmaron, GHG, LZ Technologies, Barrios, Dittmar Associates, J&P Technologies, UTEP, and Prairie View A&M.

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 2007 sales of $41.9 billion.