ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Earned Value Management System Is Recertified

Print | 
Email |  Comment   Share  

Lockheed Martin Aeronautics Co.
1011 Lockheed Way
Palmdale, CA, 93591
USA



Press release date: December 2, 2013

FORT WORTH, Texas — The Defense Contract Management Agency (DCMA) has certified the Lockheed Martin (NYSE: LMT) Earned Value Management System (EVMS) for its Aeronautics business in Fort Worth, which includes the assembly and sustainment of F-35 Lightning II and F-22 Raptor aircraft.

"In the past year Lockheed Martin Aeronautics' genuine commitment and disciplined approach to correcting EVMS deficiencies has resulted not only in the company regaining its EVMS compliance credentials as a condition for doing business with the Department of Defense, but has fundamentally changed the way it thinks and will manage work in the future," said David R. Kester, DCMA EVM Policy Division Director. "Lockheed Martin's methodical approach to the planning and control of work will undoubtedly position itself for success and to be emulated by others."

The EVMS is the Department of Defense's process for assessing program performance. It is a project management technique that combines measurements of scope, schedule and costs to determine program performance.

"EVMS provides cost, schedule and scope data to help leaders make accurate management decisions that drive program execution - it is a critical part of our commitment to deliver quality products and technologies to our armed forces and partner nations," said Tom Bradley, vice president, Lockheed Martin Aeronautics Finance and Program Management. "The close teamwork with and guidance from the DCMA and the F-35 Joint Program Officer were important in ensuring our corrective action plan supported our customers' needs."

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The Corporation's net sales for 2012 were $47.2 billion.

For additional information, visit our website: www.lockheedmartin.com

Source 
Lockheed Martin Aeronautics Company

Contact: Ken Ross, 817-763-4086, kenneth.b.ross@lmco.com

Web Site: http://www.lockheedmartin.com


Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 See more product news in:
Software
 More New Product News from this company:
Unmanned Air Surveillance System handles flights of 8+ hours.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
Iraq Takes Delivery of Super Hercs
Lockheed Martin Delivers Last AMP C-5 to Air Force
Lockheed Martin Completes Assembly of the First International F-35 for the United Kingdom
New Titanium Machining Process Supports Affordability of Lockheed Martin F-35
More ....
 Tools for you
Watch Company 
View Company Profile
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Scheduling & Planning Software
Project Management Software
Join the forum discussion at:
Engineers Lounge


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address