Lockheed Martin lands U.K. military contract
Looks like Lockheed Martin’s training and logistic solutions team in east Orlando will have more work on their hands, thanks to a renewed contract with the U.K.’s armed forces.
Lockheed Martin Corp. announced July 22 that it received a contract for $28 million to manage military equipment parts for the U.K., using its Joint Asset Management and Engineering Solutions technology — better known as JAMES.
The contract allows the U.K.’s Ministry of Defence — a British government department that implements the defense policy — to use the technology for six years. JAMES is managed between a team based in Warminister, England, and a team in Orlando.
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The technology is used across the British Army, Royal Navy and Royal Air Force to quickly identify the status, availability, condition, ownership, location and quantity of equipment to know when something needs to be replaced or how quickly supplies are used. So far, JAMES handles 10 million transactions every month carried out by 27,000 users.
Bethesda, Md.-based military defense and support company Lockheed Martin (NYSE: LMT) employs 7,000 Central Florida workers, making it the largest modeling and simulation training company in Central Florida.