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CAE Awarded Technical Support Contract for Kuwait KC-130J Trainer Program

CAECAE (NYSE: CAE) has received a potential five-year, $30 million contract from the U.S. Army to provide technical services for Kuwait air force’s KC-130J weapon system training program through a foreign military sales agreement.

Contract work will take place through Nov. 8, 2020, the Defense Department said Monday.

Lockheed Martin (NYSE: LMT) designed the KC-130J tanker as a variant of the C-130J transport plane and to refuel helicopters and tiltrotor aircraft in the air.

KC-130J tankers also work to support ground-based refueling missions for armored vehicles.

The tanker is designed to have 4, 551 cubic feet of cargo volume and a maximum 61, 364-pound fuel capacity.

The Army Contracting Command awarded the contract and will determine funds and work location upon award of each task order, according to DoD.

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