$33 Million Award Could Grow To $122 Million With Exercised Options
Seabrook, Md., September 22nd, 2008 — The Securities and Exchange Commission (SEC) has awarded Lockheed Martin [NYSE:LMT] the Infrastructure Support Services (ISS) contract. Awarded under the U.S. General Services Administration Millennia Government Wide Acquisition Contract, the contract has a base value of $33 million and a total potential value of $122 million if all program options are exercised over six years. Lockheed Martin will increase performance of services by consolidating and integrating the SEC’s IT services.
Lockheed Martin will provide transition services, program management support for Server Services, Managed Network Services, End User Computing, Service Desk and Pre-production services and other infrastructure areas. Services performed will be based on service level agreements designed to fit the requirements of the SEC to include service desk operations, data center support and operations management, technology deployment and support, and technology lab support.
The Securities and Exchange Commission administers and enforces the federal securities laws, which protect investors, ensure equitable markets and promote capital formation.