Lockheed Martin Gets $3 Billion Defense Order for C-130J Aircraft
January 13 2020 - 9:59AM
Dow Jones News
By Colin Kellaher
Lockheed Martin Corp. (LMT) on Monday said it received an order
worth more than $3 billion for 50 C-130J Super Hercules aircraft
from the U.S. government under an indefinite-delivery,
indefinite-quantity contract awarded in August 2016.
The Bethesda, Md., security and aerospace company said the
Defense Department has awarded more than $1.5 billion in funding
for the first 21 C-130J aircraft from the order, which includes
aircraft for the Air Force, Marine Corps and Coast Guard.
Lockheed said it will deliver the aircraft, which it will build
at its Marietta, Ga., plant, between 2021 and 2025.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 13, 2020 09:44 ET (14:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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