Lockheed Martin Contract For DCPS

From a press release:

Lockheed Martin (NYSE:LMT - News) has been selected by the Social Security Administration to prime the Disability Case Processing System (DCPS) contract, which is an information technology modernization program committed to improving the quality and speed of processing disability claims nationwide.

An indefinite delivery indefinite quantity contract, the DCPS agreement carries a 1-year base period with five 1-year options. It is valued at $200 million if all options are exercised during the 6-year contract period. ...

The new system will provide cost savings to the SSA by eliminating the need to maintain separate systems for 54 state and federal sites. It also will help the agency process disability claims faster and with higher consistency.