Lockheed unit Pacific Architects is 1 of 4 awarded part of $500M peacekeeper training pact
By APThursday, June 24, 2010
Lockheed unit part of $500M training contract
ROSSLYN, Va. — Lockheed Martin Corp. said Thursday that one of its business units was chosen to take part in a five-year contract worth up to $500 million to provide training and other services for the State Department.
The contract, awarded to Pacific Architects and Engineers, covers the training and equipping of African peacekeepers and upgrading of facilities used by those forces.
The company is one of four that will compete for task orders under the contract.
Lockheed is in the process of selling Pacific Architects and Engineers.
Company shares closed down $1.57, or nearly 2 percent, to $78.12.
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