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Lockheed Secures $75M Option on Air Force C-130J Sustainment Contract

Lockheed Martin (NYSE:LMT) has received a $74.7 million contract modification to support long-term sustainment work on the U.S. Air Force‘s fleet of C-130J military transport aircraft.

The modification exercises the first option under a previously awarded indefinite-delivery/indefinite-quantity contract and covers inventory control point management, sustaining engineering, repair of reparables, technical data, depot activation and program sustainment services, the Defense Department said Friday.

C-130J is designed to transport more than 40,000 pounds of cargo and supplies in support of aerial refueling, combat, firefighting, humanitarian, search-and-rescue missions.

The Air Force obligated nearly $74 million in fiscal 2017 operations and maintenance funds at the time of award of the contract option.

Lockheed will perform work under the modification in Marietta, Georgia through July 31, 2018.

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