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Reuters: Germany Eyes $966M Lockheed C-130J Aircraft Procurement

Germany looks to procure six C-130J Super Hercules airlifters worth approximately $966 million from Lockheed Martin (NYSE: LMT) as part of a joint operating agreement with France, Reuters reported Friday.

Andrea Shalal writes Germany aims to send a formal request to the U.S. government in 2019 to buy C-130Js in support of European defense cooperation efforts.

The report said France will match Germany’s $118 million in planned investments to modernize air base infrastructure and purchase CAE-built simulators needed for both countries’ joint training.

France ordered two C-130J planes and two KC-130J tankers from the U.S. government under a $650 million FMS deal in 2015.

Shalal reported that Germany intends for the C-130J aircraft to replace the country’s C-160 Transall military transport aircraft and augment its planned fleet of 53 Airbus-built A400M airlifters.

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