Lockheed Martin (NYSE: LMT) has successfully completed the Aircraft Capability – Tactical (ACP-T) Acquisition Industrial Regional Benefits (IRB) commitments valued at USD 1.4 billion associated with Canada´s purchase of 17 CC-130J Super Hercules aircraft in 2007, the company said.
Lockheed Martin completed its IRB commitments one year ahead of schedule and met all of its requirements within small and medium enterprises, aerospace and defence, and strategic aerospace and defence technology sectors and for specific regional projects in the Atlantic, Quebec, Ontario and Western regions.
To fulfill this commitment, Lockheed Martin engaged in 76 individual transactions involving Canadian companies and universities to financially support, develop, and competitively sell innovative technology products and services in addition to providing critical research and development funding.
Earlier this year, at CANSEC, Minister Navdeep Bains Minister for Innovation Science and Economic Development (ISED) highlighted GasTops, Contextere, Solace Power, Metamaterial Technologies and Mannario as five Canadian companies who have benefited as recipients of Investment Framework (IF) projects directly related to the C-130J.
Lockheed Martin Canada has been Canada´s trusted defence partner for more than 75 years specializing in the development, integration and sustainment of advanced technology systems, products and services. The company employs more than 900 employees at major facilities in Ottawa, Montreal, Halifax, Calgary, and Victoria, working on a wide range of major programs including the on-going in service support of the CC-130J fleet, the maritime helicopter project which includes delivering and sustaining the new CH-148 Cyclone fleet, as well as the recently successful completion of the Halifax Class modernization project.
Lockheed Martin´s CC-130J Super Hercules has served as the workhorse for the Royal Canadian Air Force (RCAF) since 1960. In that time legacy Hercules aircraft have supported many critical missions for Canada — from flying troops and essential equipment to Canada´s northern most region, being called upon to fly search and rescue missions, to delivering critical humanitarian supplies for global relief efforts. It functions as the backbone for the RCAF´s tactical airlift fleet.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.