Lockheed Martin awarded USD344m FAA contract

Lockheed Martin (NYSE: LMT) has been awarded a USD344-million contract by the Federal Aviation Administration (FAA) to develop and deploy the Terminal Flight Data Manager (TFDM) system, the company said.

This system will provide electronic flight strips as well as improved surface management tools that will allow streamlined operations in the air traffic control towers for busy airports. The TFDM contract period of performance has a five-year base with seven one-year options.

Lockheed Martin along with principal subcontractor Saab Sensis will develop the system. TFDM will work by integrating digital flight plans with surface surveillance data to real-time predictive tools for the terminal environment.

Lockheed Martin IS&GS currently provides air traffic controller automation to the air route traffic control centers for high altitude and oceanic air traffic control.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.