Lockheed Martin awarded contracts to improve US Postal Service mail processing system
Lockheed Martin [NYSE: LMT] has been awarded two contracts totaling $9 million from the U.S. Postal Service (USPS) to upgrade and increase the processing capability of the Remote Computer Reader (RCR) system.
The Remote Computer Reader upgrade will provide additional capacity to handle processing during peak periods. The additional capacity will allow the USPS to sort more mail and create more flexible mail processing options, which are extremely beneficial during the holiday season.
“The Remote Computer Reader is a great example of how Lockheed Martin partners with our customer to deliver outstanding results,” said Brian Tanton, vice president and general manager of Lockheed Martin Distribution Technologies. “Our relationship with the Postal Service on RCR spans more than a decade, illustrating how systems can be continuously upgraded with the latest technology.”
RCR consists of arrays of computer servers loaded with software trained to decipher printed or handwritten addresses on letters. RCR now accurately machine reads 86 percent of handwritten addresses, versus 2 percent in 1995, and 93 percent of typed or printed addresses, up from 35 percent in 1995. It is installed in approximately 350 U.S. Postal Service Processing and Distribution Centers in major cities.
Lockheed Martin is a leading supplier to the U.S. Postal Service and other postal systems around the world of address recognition solutions, which read handwritten or machine printed addresses automatically.
Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion.
