Prometheus Teams with Lockheed-Martin to Win $46M Contract

Lexington Park, MD, April 17, 2008 --(PR.com)-- The Prometheus Company today announced it has teamed with Lockheed Martin to win a $9.8M cost-plus- fixed-fee, indefinite-delivery/indefinite-quantity (IDIQ) contract for security cooperation, security assistance and foreign military sales technical and program/project management support services to Naval Inventory Control Point (NAVICP) OF and applicable customers of NAVICP. This contract contains three one-year option periods which, if exercised, will bring the total estimated value of the contract to $47.5M. The work will predominantly be accomplished in Philadelphia, PA and the Washington, DC metropolitan area.

Prometheus was chosen for this team to enhance the services currently being provided to Naval Air Systems Command (NAVAIR) and other NAVICP international program customers. Prometheus is a proven, trusted provider of superior solutions for program and acquisition management, financial management, and FMS support services.

“The selection of Prometheus by Lockheed Martin to augment their team for this key contract is both a vote of confidence in our extensive NAVAIR experience and an exciting opportunity for our future support efforts. We, in turn, chose to partner with Lockheed Martin because of their exceptional reputation as a world-class provider in International Programs support. We expect the synergy between our mutual proven FMS capabilities to bring significant reduction in case closure time in keeping with the core tenets of AIRSPEED and Lean/Six Sigma.” Waldon Jue, Prometheus CEO.

Contact: Waldon Jue, (301) 866-5900

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