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  • Friday, April 26, 2024

Lockheed Wins $180M Saudi Airlifter Sale

lockheed martinLockheed Martin (NYSE: LMT) has been awarded a $180, 991, 416 contract modification from the U.S. Air Force to support a foreign military sales transaction with Saudi Arabia.

The award covers two KC-130J airlifters and non-recurring engineering support through April 2016, the Defense Department said Friday.

Saudi Arabia has been the subject of several contracting events with involvement from Lockheed within the past year, including a potential $6.7 billion sale of 25 C-130J planes announced in November 2012.

Lockheed is also helping the Saudis with their F-15SA modernization program for $253, 381, 949.

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