Lockheed Martin (NYSE: LMT) booked a $270 million contract from the Air Force for C-130 Aircrew Training Systems.
The deal carries an eight-year term and will see the firm take on a number of tasks, including training, instruction and site management.
“The C-130 ATS program has an unrivaled track record in delivering critical, on-time training to pilots and aircrews, ” said Jim Weitzel, vice president of Training and Engineering Services at Lockheed Martin Global Training and Logistics. “We aim to deliver an agile and affordable solution that gives trainees the ability to successfully prepare for the real-world scenarios they will face. Our team has met 100 percent of the student requirements throughout the last decade.”
