Lockheed Receives RFID Contract Extension from US Military

Savi Technology, Inc. of Mountain View, CA, which became a Lockheed Martin subsidiary in an May 2006 acquisition, recently received time and ceiling extension to its US military RFID contract. The firm has provided RFID solutions to the DoD for more than a decade, and helped build the DoD’s RF In-Transit Visibility (ITV) network, which spans more than 45 countries and tracks military supplies through 4,000 sites. The current RFID II contract was initially awarded in January 2003, and this is the 2nd contract extension and 3rd ceiling increase that Savi has received. This latest modification extend its period to Jan 31/09, and its ceiling is increased by about $60 million to $483 million. Think of RFID as wireless bar codes that don’t need to be swiped individually. Savi’s products include active RFID asset tags, data rich high performance tags, sensor tags that monitor security and environmental conditions, related fixed and mobile readers, as well as fully integrated site and enterprise software products that enable customers to track shipments worldwide. The US military has invested heavily in RFID for its supply chain; recent years have begun to feature positive results, as well as the creation of an RFID solutions center […]