Lockheed MartinÂ (NYSE: LMT) has secured two separate contract modifications from the U.S. Air Force to build C-130JÂ 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 definitizationÂ 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 DrewÂ 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.