Lockheed Martin Uses E-Business Strategy to Streamline Contracting Process
ORLANDO, FL, 06-JUL-00 -- Lockheed Martin Information Systems, a unit of Lockheed Martin Corporation (NYSE: LMT), has adopted an e-business strategy with Department of Defense (DoD) agencies to achieve paper-free contracting processes. Lockheed Martin Information Systems has streamlined the contracting process with the U.S. Army Simulation, Training and Instrumentation Command (STRICOM) by improving delivery accuracy and eliminating delays with the use of an electronic delivery form.
Benefits gained through use of e-commerce techniques, such as improved accuracy, efficiency, and better forecasting, apply directly to our customers and suppliers, said Lockheed Martin Information Systems President John Hallal.
Lockheed Martin Information Systems was the first defense contractor to initiate this electronic delivery form with the DoD beginning in 1998. In another electronic contracting initiative, Lockheed Martin Information Systems was also the first company to receive and download electronic contract awards. For this innovative action, Lockheed Martin Information Systems received the Shining Star award from the Naval Inventory Control Point (NAVICP) in March 1999.
The effort put forth in creating this streamlined method preceded many e-business strategies we see daily in web commerce, said STRICOM Commanding General William Bond. Our teaming effort brought us into the world of e-commerce and all the benefits that derive: expediency, efficiency and cost reduction.
Currently Lockheed Martin Information Systems is involved with further testing of their electronic systems, with STRICOM sending system level prototype contracts to stress test the process. This electronic transfer process eliminates the need to duplicate effort such as the retyping of each document after it is received plus provides for electronic distribution, filing and reply.
Enhancements to the suite of Lockheed Martin electronic commerce systems continue in conjunction with e-commerce growth worldwide. Lockheed Martin Information Systems is supporting transfer of these beneficial processes to other companies in the Corporation as well as to teammates and subcontractors.
Lockheed Martin employs approximately 6,500 employees at facilities in Central Florida. Headquartered in Bethesda, Md., Lockheed Martin is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. The Corporation's core businesses are systems integration, space, aeronautics, and technology services.