Author: Dominique Stump|| Date Published: August 22, 2016
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $10.02 billion indefinite-delivery/indefinite-quantity contract to support the military branch’s C-130J Super Hercules production effort.
The sole-source contract also includes foreign military sales, the Defense Departmentsaid Friday.
DoD expects Lockheed’s aeronautics segment in Marietta, Georgia to finish contract work Aug. 18, 2026.
The Air Force Life Cycle Management Center will obligate $14.2 million in fiscal years 2014, 2015 and 2016 aircraft procurement funds for the initial delivery order under the IDIQ.
The C-130J tactical airlifter is designed to support flying combat, humanitarian, special operations, aerial refueling, firefighting, and search-and-rescue missions.
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The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $10.02 billion indefinite-delivery/indefinite-quantity contract to support the military branch’s C-130J Super Hercules production effort.
