Lexmark lands $21 million contract with FAA

Lexmark International, Inc. (NYSE: LXK) has won a five-year contract valued at $21 million that will make it the sole provider of printing technology for the Federal Aviation Administration (FAA). The five year term consists of one base year and four one-year options.

The Lexington-based company’s mission under the contract is to draw on its abilities to optimize heavily distributed printing environments to bring greater efficiency, user productivity and cost reductions to more than 900 FAA locations across the U.S., according to a release.

Additional agencies within the U.S. Department of Transportation can also take advantage of the contract to access Lexmark’s products and solutions for improved output infrastructures.

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