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.
Lexmark technology will support the stringent printing and scanning security requirements set forth by the federal government to protect confidential information. The FAA will have greater control over its documents by using Personal Identity Verification (PIV) cards to access print, copy, scan and fax features through Lexmark's secure Print Release, a solution that is integrated into Lexmark's smart workgroup printers and multifunction products (MFPs) for strong user authentication, data security and information assurance.
The FAA will also gain increased visibility to its output fleet through Lexmark's Markvision Enterprise fleet management tool. The Web-based remote management software allows IT administrators to proactively monitor printer fleets from a central location in order to collect valuable information and troubleshoot devices effectively to minimize downtime.