Lockheed Martin wins DOD contract worth $5.3 Billion
Lockheed Martin has received a $5.3 billion contract from the United States Department of Defense to deliver 78 C-130J Super Hercules Aircraft to the US Military in the coming years.
Details of the deal indicate the aircraft models will be distributed in the following quantities: 30 MC-130Js, 13 HC-130Js and 29 C-130J-30s will go to the US Air Force, the U.S. Marine Corps will receive six KC-130Js, and the US coast guard has the option of receiving five HC-130J aircraft. Deliveries will begin this year, and continue until 2020.
“This multiyear contract provides true value to our U.S. operators as they recapitalize and expand their much-relied-upon Hercules aircraft, which has the distinction of being the world’s largest and most tasked C-130 fleet,” said Lockheed’s vice president and general manager for Air Mobility & Maritime Missions George Shultz.
This means the contract dictates it will be coordinated with the U.S. government’s Better Buying Power initiative to help save money through multiyear procurement rather than annual buys. Currently, the US Air Force and Marine Corps have a combined 60 C-130Js, provided through a multiyear contract that ran from 2003 to 2008.
“We are proud to partner with the U.S. government to continue to deliver to the U.S. Air Force, U.S. Marine Corps and U.S. Coast Guard the world’s most proven, versatile and advanced airlifter,” Schultz went on to add.
The C-130 Hercules has the longest continuous production of any military aircraft, giving it a deserved reputation of unmatched durability and reliability. A total of 300 have been built as of December 2013. For fifty years, the family has participated in military, civilian, and humanitarian aid operations. It has even outlasted aircraft that were supposed to be its replacement. No aircraft in aviation history has maintained that sort of track record.
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