Lockheed Martin Awarded $33 Million Contract to Support IRS
Rockville, Md., 01/22/2008 -- Lockheed Martin [NYSE: LMT] announced today that the corporation was awarded a 4-year, $33 million contract from the Internal Revenue Service (IRS) to operate, maintain and enhance e-Services, a suite of Web-based products that allows tax professionals and payers to conduct business with the IRS electronically.
Under the contract, Lockheed Martin will maintain the e-Services suite of constituent-facing applications to help increase electronic filing and improve user service. e-Services is composed of several applications including registration, taxpayer identification number and bulk matching, e-File, electronic account resolution and transcript delivery. Lockheed Martin will also support the enhancement and operation of e-Services infrastructure.
We are proud to support the IRS in their effort to streamline the tax administration process, said Joseph Cipriano, president of Lockheed Martin Business Process Solutions. The application of technology to these processes will help reduce errors, increase system up-time and reduce costs for our customer, while supporting critical initiatives such as the President's e-Government Agenda and the Government Paperwork Elimination Act.
Lockheed Martin also supports the IRS in a variety of functions, including providing solutions that enhance taxpayer service, improving regulatory compliance, and expediting and enhancing audits and examinations.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion.