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Lexmark wins contract to provide laser printers, MFPs to Federal Aviation Administration
 
 
LEXINGTON, Ky. - 12/12/2006 

The U.S. Federal Aviation Administration (FAA) has awarded a contract to Lexmark International, Inc. (NYSE: LXK) to provide monochrome and color laser printers and multifunction products (MFPs) to the FAA's more than 800 offices, serving more than 45,000 employees.

The contract ceiling is $60 million if all renewal options are exercised.

The contract, awarded as part of an FAA strategic sourcing initiative, covers desktop and workgroup high-volume laser printers and multifunctional devices, device accessories and maintenance options.

The Office of Financial Controls, with support from the FAA's Chief Financial Officer and the FAA Acquisition Executive, led the strategic sourcing initiative and conducted the rigorous, multi-vendor review. Lexmark was selected based on the company's products, federal-industry expertise and ability to help the FAA achieve its cost savings objectives
and bring value to FAA employees around the country. This new contract is part of the FAA's Strategic Sourcing for the Acquisition of Various Equipment and Supplies (SAVES) program, an initiative to reduce costs and improve capabilities and service to employees.

As part of the new contract, FAA employees can place orders for Lexmark devices through a variety of approved methods, including an exclusive, secured Web portal through which they will be able to review product options, delivery options, order history, lead time, inventory levels, and order status tracking.

“We are pleased to be selected by the FAA to support its strategic sourcing objectives of reducing costs while improving employee productivity,” said Paul Rooke, Lexmark executive vice president and president of its Printing Solutions and Services Division. “With our federal-industry expertise and award-winning product line, we will be working to provide FAA employees with printers and MFPs that are simple to set up, use and maintain and that provide reliable, high-quality printing and workflow solutions.”

About Lexmark
Lexmark International, Inc. (NYSE: LXK) provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2005, Lexmark reported $5.2 billion in revenue and employed more than 13,000 people globally. Learn how Lexmark can help you get more done at www.lexmark.com.

Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries.  All other trademarks are the property of their respective owners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this release which are not historical facts are forward-looking and involve risks and uncertainties, including, but not limited to, aggressive pricing from competitors and resellers, market acceptance of new products and pricing programs, production and supply difficulties including disruptions at important points of exit and entry and distribution centers, supplies consumption, management of the company’s and resellers’ inventory levels, market conditions, the impact of competitors’ products, unforeseen cost impacts including those as a result of new legislation, litigation or actions taken to maintain a competitive cost and expense structure, increased investment to support product development and marketing, the ability and/or incremental expense to produce and deliver products to satisfy customer demand, competition in aftermarket supplies, changes in a country’s or region’s political or economic conditions, currency fluctuations, China’s revaluation of its currency,  financial failure or loss of business with a key customer, reseller or supplier, conflicts among sales channels, the outcome of pending and future litigation or governmental proceedings, intellectual property and other legal claims and expenses, difficulties or delays in software and information systems implementations, and other risks described in the company's Securities and Exchange Commission filings. The company undertakes no obligation to update any forward-looking statement.

Extracted from here