Lockheed Martin to Build 100 Additional Lidding Systems for U.S. Postal Service Mail Trays; Contract Valued at $6.2 Million
OWEGO, NY, 19-JAN-04 --
The U.S. Postal Service selected Lockheed Martin [NYSE: LMT] to build 100 additional systems that automatically place lids on containers used in transporting mail. Valued at nearly $6.2 million, the agreement extends a base program Lockheed Martin won in March 2003.
Under the base agreement, Lockheed Martin built 20 Automatic Flat Tray Lidder (AFTL) systems that are in use at airmail facilities and processing and distribution centers nationwide.
Those systems were deployed this past fall and have been exceeding Postal Service requirements, said Brian Tanton, vice president of Material Handling and Identification Solutions for Lockheed Martin Distribution Technologies. We're pleased that our AFTL contract has been extended, and will continue to add value by providing the Postal Service exceptional deployment and field support on this important dispatch modernization program.
An AFTL system automatically places lids on mail containers used to transport flat mail, such as newspapers, magazines, large business envelopes, direct-mail catalogs and advertising literature. The system, which improves a process formally done by hand, is part of an overall dispatch modernization effort aimed at providing increased throughput and performance during peak periods, while capturing sustainable labor savings.
Subassembly and prep work to ship the systems will be performed at Lockheed Martin's manufacturing facility in Apalachin, NY. Deployment of the 100 systems will begin in March and be completed by June.
