Lockheed Martin – LMT – Top IT Government Contractor for 18th Consecutive Year
Lockheed Martin (NYSE:LMT) has been named the top provider of IT services to the federal government for the 18th straight year in Washington Technology’s annual contractor review.
“It’s an honor to again be ranked by Washington Technology as number one IT provider to the federal government, and a great testament to the hard work and expertise of our talented employees and industry partners,” said Linda Gooden, executive vice president, Lockheed Martin Information Systems & Global Solutions (IS&GS). “In these challenging times, we remain committed to providing innovative, affordable, and proven solutions that deliver value for our customers, and strive every day to make their mission our own.”
In a market they described as the “toughest in 20 years,” Washington Technology framed their review in the context of a market that is expected to remain flat for the next two or more years, while identifying cloud computing, mobility, IT efficiency, health IT and cyber security as bright spots.
“Both cloud computing and mobility are important, especially when you combine them with growing and changing cyber security requirements,” Gooden said. “The advantage we bring is being able to stay competitive in this new reality environment of evolving customer requirements and constrained resources.”
LMT’s IS&GS business supported about 2,800 programs and 14 of 15 executive government agencies in 2011, increased its international footprint, and gained business in regulated and commercial adjacent markets.
“We have a well-positioned portfolio and business strategy focused on delivering tailored solutions and services that combine our knowledge of customer missions with the latest IT technologies,” said Gooden. “Our ultimate goal is to help our customers solve difficult problems by managing complexity and harnessing the power of information.”
About LMT:
Headquartered in Bethesda, Md., LMT is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2011 were $46.5 billion.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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