U.S. Bancorp has won a five-year contract to become the exclusive purchasing card provider for Lockheed Martin Corp., the bank announced Monday.

U.S. Bancorp, the largest issuer of Visa corporate cards, says Lockheed Martin's purchasing card program generates $750 million in annual charges, more than any other company in the world. The program includes all 110 business units of Lockheed Martin, the Bethesda, Md.-based defense contractor and technology conglomerate.

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