Lockheed Martin Receives $1.5B Air Force C-130J Contract Modification

lockheed martinLockheed Martin (NYSE: LMT) has received a $1.5 billion contract modification to fund the procurement of C-130J aircraft for the U.S. Air Force.

The Defense Department said Thursday the contract represents full funding for the procurement of long-lead items the Air Force ordered along with 28 fiscal 2016 C-130J.

The covered aircraft are 14 C-130J, five HC-130J and eight MC-130J.

Lockheed Martin will carry out production work in Marietta, Georgia, through July 31, 2019.

The C-130J Super Hercules airlifter is built to aid humanitarian relief operations and perform aerial refueling and close air support.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it