Friday, Maryland-based global security company Lockheed Martin (NYSE:LMT) announced they had been awarded a contract by the Defense Logistics Agency with a potential value of $5.6 billion over the next ten years. The U.S. Military's land-based vehicles will be supplied and sustained through the contract, which includes work on the Fleet Automotive Support Initiative-Global (FASI-G) program. Lockheed Martin plans to implement its SCM+™ solution for supply chain management, which it currently uses to support Michelin Aircraft Tire Company, LLC. Shares of Lockheed Martin were up 80 cents to $115.90 in early morning trading.

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