ORLANDO, Fla., March 8, 2017 /PRNewswire/ -- The Defense
Logistics Agency has named Lockheed Martin [NYSE: LMT] as the
Industrial Product-Support Vendor (IPV) for the U.S. Air Force
Generation III logistics program.
Lockheed Martin will continue to enable rapid replenishment of
consumable parts to U.S. Air Force Air Logistics Complexes (ALC) at
Hill Air Force Base, Utah, Tinker
Air Force Base, Oklahoma, and
Robins Air Force Base, Georgia, as
part of the five year, $750 million
contract.
"Our ability to integrate technology seamlessly helped us
achieve a 99.78 percent bin fill rate with virtually zero quality
issues," said Scott Martin, senior
program manager of Lockheed Martin's U.S. Air Force IPV. "As the
manufacturer of many U.S. Air Force platforms, we understand the
cradle-to-grave lifecycle of a weapons system – from design and
development to production and sustainment."
Lockheed Martin Global Supply Chain Services business has served
as the Defense Logistics Agency and the U.S. Air Force IPV for the
last 11 years, succeeding in improving material availability and
driving down costs through reductions in inventory and increases in
automation. Through integrating new technologies, Lockheed Martin
will enable efficient, highly reliable forecasting and inventory
management to improve part availability.
Under the previous IPV contract, Lockheed Martin assumed the
responsibility for end-to-end supply chain management of more than
89,000 unique parts filling nearly a quarter million bins, making
it the Defense Department's largest IPV contract.
"Our team takes great pride in supporting the critically
important U.S. Air Force sustainment mission," said Laura Frank, vice president of Lockheed Martin's
Enterprise Sustainment Solutions business. "A strong logistics
infrastructure translates into more efficient, effective
sustainment, ultimately getting aircraft back to the warfighter
faster and at a lower cost."
For additional information, visit our website,
www.lockheedmartin.com/us/products/global-supply-chain-services.html.
About Lockheed Martin
Headquartered in
Bethesda, Maryland, Lockheed
Martin is a global security and aerospace company that employs
approximately 97,000 people worldwide and is principally engaged in
the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services.
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SOURCE Lockheed Martin