Lockheed Martin Corp has recieved a contract worth $140 million to provide two additional C-130J transport planes to the Iraqi government via the U.S. Air Force. The U.S. Air Force contract also includes non-recurring engineering and integration tasks associated with the new configuration of C-130J planes built to Iraqi government specifications. The U.S. Air Force in April has already increased an earlier Lockheed contract for four planes by $293 million.
Huntington Ingalls Industries (NYSE: HII) has received two contracts worth $907.5M combined to provide planning yard support services for the U.S. Navy’s nuclear-powered submarines, cruisers and destroyer ships.
Lockheed Martin's (NYSE: LMT) aeronautics business segment has received a potential 13-year, $7B contract modification to continue sustainment work on the U.S. Air Force’s fleet of F-22 Raptor jets.