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Air Force Awards Lockheed $15B C-130J Production IDIQ

Lockheed Martin (NYSE: LMT) has received a potential 10-year, $15B contract from the U.S. Air Force to develop, produce, integrate and retrofit all variants of the C-130J Super Hercules aircraft.

Work under the sole-source, indefinite-delivery/indefinite-quantity contract, which includes foreign military sales, will occur in Marietta, Ga., through July 16, 2030, the Department of Defense said Friday.

The Air Force Life Cycle Management Center will obligate $3.3M in aircraft procurement funds for fiscal years 2018 and 2019 at the time of award.

C-130J is designed to transport warfighters and equipment into hostile areas and can carry more than 40K pounds of cargo and supplies in support of airlift, aeromedical, firefighting, weather reconnaissance and disaster relief missions. The aircraft has a two-pilot flight station, defensive systems, digital moving map display and low-power color radar.

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