LOCKHEED MARTIN'S GIANT 1.2 BILLION PAYROLL CONTRACT

July 8, 2008
Lockheed Martin Corp. has been awarded a huge contract with the FAA. The contract will help manage employee payroll and other human resources functions for the TSA - maximum value  $1.2 billion!

The contract also includes an option for the government to use Lockheed Martin's human resources services to a larger degree, creating a possible maximum value of $3 billion over the eight and a half years, TSA said.

TSA is an agency of the Homeland Security Department. It employs more than 40,000 airport screeners as well as federal air marshals and other full- and part-time officials.