Lockheed Awarded C-130J Modifications Under $5B Air Force Contract

LM MC-130J Commando IILockheed Martin (NYSE: LMT) has secured two separate contract modifications from the U.S. Air Force to build C-130J Super Hercules aircraft.

The Defense Department said Wednesday Lockheed will produce 32 C-130J military transport planes in various configurations under a potential five-year, $1.1 billion contract.

The definitization contract modification is part of a potential $5.3 billion multiyear II contract that covers the production of 30 MC-130J, 29 C-130J-30 and 13 HC-130J for the Air Force and six KC-130J for the U.S. Marine Corps, Lockheed said Thursday.

Work under this contract will occur in Marietta, Georgia, through April 30, 2020, according to DoD.

Lockheed will also build 11 C-130J planes in different configurations under a separate contract modification worth approximately $62 million, DoD reported.

James Drew also reports on Flight Global that Congress will use defense budgets for fiscal 2013 and 2014 to fund this contract, which includes three HC-130J, three KC-130J, two MC-130J, one C-130J-30 and two U.S. Coast Guard HC-130J.

The contractor is scheduled to complete work on this contract through Jan. 31, 2018.

Lockheed and its partners also received a $545 million contract from the U.K. defense ministry to provide operational support for that country’s fleet of C-130J.

You may also be interested in...

Fluor

Fluor Subsidiary Gets $1.1B Modification on US Naval Nuclear Propulsion Support Contract

A subsidiary of Fluor (NYSE: FLR) will continue its support work on propulsion systems that power U.S. Navy submarines and aircraft carriers under a one-year, $1.12B contract modification. Fluor Marine Propulsion will continue services at the Naval Nuclear Laboratory through the government's 2021 fiscal year, the Department of Defense said Wednesday.

Mac Curtis Chairman and CEO Perspecta

Perspecta Announced as Military Bowl Presenting Sponsor; Mac Curtis Quoted

The Military Bowl Foundation has named Perspecta (NYSE: PRSP) as the presenting sponsor for the next three years of its college football post-season bowl game.