Pentagon lets benefits contract with Lockeed Martin expire

Monday - 4/20/2009, 8:13pm EDT

The Pentagon is not going to renew its contract with Lockheed Martin to process information for U.S. veterans.

Bloomberg is reporting that the current contract will expire soon and the Pentagon will not excercise its option for another year.

Lockheed had been processing retirement benefits and annuity payments for veterans.

Read more: Pentagon Ends Lockheed Contract for Veterans Benefits (Bloomberg)