Lockheed Martin Initiates Paper-Free Trading With U.S. Army, U.S. Navy and Defense Contract Management Agency
ORLANDO, 11-JUN-01 -- Lockheed Martin Information Systems (NYSE: LMT) today signed a Memorandum of Understanding with several Department of Defense agencies to achieve a paper-free contracting process that speeds product deliveries and decreases administrative costs. Agencies represented at the signing ceremony included the U.S. Army's Simulation, Training and Instrumentation Command (STRICOM), the U.S. Navy's Naval Air Warfare Center Training Systems Division (NAWCTSD) and the Defense Contract Management Agency's Lockheed Martin Orlando (DCM LMO) office.
Signatories of the document are:
John Hallal, President, Lockheed Martin Information Systems
Stephen M. Seay, Brigadier General, U.S. Army, Commanding General, STRICOM
Donald R. Gagnon, Captain, U.S. Navy, Commanding Officer, NAWCTSD
Norbert S. Doyle, Lieutenant Colonel, U.S. Army, Commander, DCM LMO.
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.
The resulting streamlined contracting process will improve delivery and eliminate delays with the use of electronic contract awards and an electronic delivery form. Use of a common electronic format by all participants does away with the need to retype a document into each user's specific software system. With handling requirements reduced for each transaction, time savings increase while mistakes from inaccurate typing are eliminated. For example, a misplaced decimal point or incorrect part number can result in billing errors and delivery delays.
Paperless contracting streamlines our business process and is a key ingredient of today's e-business strategies, said Brigadier General Stephen M. Seay, Commanding General, STRICOM. Our teaming efforts with industry bring us further into the world of e-commerce, with all of the derived benefits: expediency, efficiency and cost reduction.
The kind of teamwork envisioned by this Memorandum of Understanding will accelerate the day when business transactions between government and industry can be completely paper-free, said Capt. Don Gagnon, commanding officer, Naval Air Warfare Center Training Systems Division. The lessons learned from our joint experience under this agreement will make us all smarter and better prepared for the electronic future.
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 Information Systems was the first defense contractor to initiate a prototype electronic delivery form with the U.S. Department of Defense, beginning in 1998. In another electronic contracting initiative, Lockheed Martin Information Systems was the first company to receive and download prototype electronic contract awards. For this innovative action, Lockheed Martin Information Systems received the Shining Star award from the Naval Inventory Control Point in March 1999.