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Friday, March 21, 2008
The DoD Extends Savi's RFID II Contract
The U.S. Department of Defense (DoD) has extended the time and increased the value of its Radio Frequency Identification (RFID) II contract with Savi, a Lockheed Martin company. The contract has been extended to Jan. 31, 2009 and its ceiling increased by about $60 million to $483 million for the company's active RFID products and services. “We are proud to continue providing innovative RFID solutions that support the war fighter through this contract for another year," said Vic Verma, CEO of Savi Group. "This is the second contract extension and third ceiling increase that Savi has received on this contract, which was initially awarded in January 2003," said David Stephens, CEO of Savi Technology, a Savi line of business focused on enterprise-level RFID-based solutions and services for defense and government customers. Savi, a leading developer and provider of RFID-based supply chain solutions and services for defense, government and commercial customers, has provided RFID solutions to the DoD for more than a decade. The company 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.

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