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Lockheed Martin Federal Systems awarded Information Technology Contract.


OWEGO, N.Y.--(BUSINESS WIRE)--November 12, 1996--Lockheed Martin Federal Systems in Owego, N.Y., a business unit of Lockheed Martin Corporation (NYSE NYSE

See: New York Stock Exchange
: LMT LMT left mentotransverse (position of fetus). ), has been selected by the Defense Finance and Accounting Service The Defense Finance and Accounting Service (DFAS), an agency of the United States Department of Defense, provides finance and accounting services for the military and other members of defense.

In FY 2004, DFAS:
  • Processed 104M pay transactions to 5.
 (DFAS DFAS Defense Finance & Accounting Service (US DoD)
DFAS Decorative and Fine Arts Society (The Hague, Holland)
DFAS Dark Field Alignment System
DFAS Department of Fisheries and Aquatic Sciences
) to provide management, administrative and technical assistance in the area of software services for its financial systems centers, operating centers and support activities nationwide. Federal Systems is one of four prime contractors on the DFAS program, which has a total potential value of $200 million over a five-year period.

The DFAS indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity
ID/IQ Indefinite Duration/Indefinite Quantity
) contract will further expand Lockheed MartinUs infrastructure modernization business.

The DFAS-Finance Systems Organization (DFAS-FSO) provides finance and accounting information management support services for the Department of Defense. Federal Systems will assist DFAS-FSO in its mission to provide these services for all DFAS activities.

The software and other support services for this contract fall within the areas of designing, developing, modifying, migrating and maintaining automated information systems; as well as software development, systems maintenance, software process improvement, technology infusion and training. The contract performance will involve all DFAS financial systems activities spanning more than 200 automated information systems.

As prime contractor, Federal Systems will lead a team that includes Abacus Technologies, Inc.; Computer Data Systems, Inc.; KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 Peat Marwick, LLP; Logicon Information Technology Group; Oracle Corporation; RVJ International, Inc.; SRA Corporation; Tal-Cut Company; Tidewater Consultants, Inc.; and Tresp Associates.

Lockheed Martin Federal Systems in Owego provides advanced solutions in systems integration, program management, hardware and software development, manufacturing and logistics support for a variety of government, commercial and international programs.

Lockheed Martin, headquartered in Bethesda, Md., is a highly diversified advanced technology company with annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 sales of approximately $30 billion. It has more than 190,000 employees worldwide.

CONTACT: Mike Drake, 607/751-2598
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 12, 1996
Words:294
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