IRS

Lockheed to streamline two processing systems under $100M IRS contract

Lockheed Martin has won a $100 million contract to support the Internal Revenue Service’s Submission Processing systems.

The contract will help the IRS streamline the processing of paper tax filings, information returns and remittances, the company said in a release.

Under the contract, Lockheed Martin will operate and maintain the efficiency of two high-performance IRS systems.

The first system converts individual and business paper tax filings and information returns to electronic forms, in addition to depositing tens of millions of dollars into the U.S. Treasury. The second is a data capture, management and storage system using high-speed scanning and digital imaging technology to process tax documents, the company said.

The company anticipates hiring 40 to 50 employees to complete the work under the contract, which will take place in Lanham, Md., and Fairfax, Va.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.