US Extends Savi RFID Contract

7 February 2008 (Last Updated February 7th, 2008 08:51)

The US Department of Defence has extended and increased the value of its Radio Frequency Identification (RFID) II contract with Savi. Savi, a Lockheed Martin business, received an initial contract for provision of RFID technology and services in 2003. The contract has been ext

The US Department of Defence has extended and increased the value of its Radio Frequency Identification (RFID) II contract with Savi.

Savi, a Lockheed Martin business, received an initial contract for provision of RFID technology and services in 2003.

The contract has been extended until January 2009 and increases the ceiling from US$60m to US$483m.

This is the second contract extension and the third price ceiling increase.

By Elizabeth Clifford-Marsh