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Lockheed Martin receives USD 221m FAA contract option

US aviation authority the The Federal Aviation Administration said it has extended US aerospace and defense firm Lockheed Martin´s (NYSE: LMT) work providing flight planning and safety support to pilots under the Automated Flight Service Stations contract.

The contract option period begins October 1 with a total value of USD 221m over two years.

Since 2005, Lockheed Martin Flight Services has modernised and improved delivery of general aviation flight planning services in the United States. Pilots are now able to file and close flight plans with Flight Services online; receive text, e-mail and satellite alerts regarding dangerous conditions; and activate precise life-saving search and rescue tracking capabilities.

According to LMT, these technologies complement the work of Lockheed Martin Flight Services specialists who provide safe and efficient flight planning briefings to thousands of pilots annually via the phone and inflight radio.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 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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