ALBUQUERQUE, N.M. (AP) — The federal government says it will extend Lockheed Martin's contract to manage Sandia National Laboratories in Albuquerque for two more years.

The announcement Monday is a reversal of sorts from the National Nuclear Security Administration, which two years ago said it planned to open the management contract to competition.

In a statement, the NNSA says it decided to wait until studies on improving management and performance across the Department of Energy are completed so the contract bidding process can include recommendations from advisory panels. The two-year extension includes an option to renew the contract for a third year.

In a statement to employees, Sandia President Paul Hommert called the extension "a positive development that offers stability for the Labs and the workforce."