Proposed $6.4B Sale of Lockheed-Built Airlifters to Australia Gets State Department OK

The State Department has cleared Australia’s request to procure from the U.S. government two dozen military transport aircraft built by Lockheed Martin (NYSE: LMT) and related equipment under a potential $6.35 billion foreign military sales deal.

The Australian government asked to buy 24 C-130J-30, the stretch variant of Lockheed’s Hercules airlifter platform, with each vehicle powered by four Rolls Royce AE-2100D turboprop engines, the Defense Security Cooperation Agency said Wednesday.

Other items on the proposed sale include software-defined radios, missile warning sensors and radio frequency countermeasure systems.

Lockheed will serve as the principal contractor in the transaction, which DSCA said does not require the deployment of additional government or contractor representatives to the foreign country.

The sale is intended to support the Australian air force’s cargo fleet modernization efforts.

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