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Lockheed Wins $70M for Air Force Search-and-Rescue Aircraft

Lockheed Martin Corp. (NYSE: LMT) won a $70 million U.S. Air Force contract to provide seven search-and-rescue aircraft, the Defense Department announced Wednesday.

Lockheed will provide one HC-130J, two AC-130J, and four MC-130J aircraft under the firm-fixed-price contract.

Lockheed will perform work in Marietta, Ga and the Pentagon expects Lockheed to complete work during calendar year 2016.

The Aeronautical Systems Center at Wright-Patterson Air Force Base in Ohio is the contracting activity.

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