US government, Lockheed Martin sign C-130J Super Hercules Multiyear II contract

Lockheed Martin (NYSE: LMT) said it will deliver 78 C-130J Super Hercules to the US government through a C-130J Multiyear II contract, which was announced by the US government on Dec. 30, 2015.

The Department of Defense announced the award of more than USD 1 billion in funding for the first 32 aircraft of the Multiyear contract. The overall contract, worth USD 5.3 billion, provides Super Hercules aircraft to the US Air Force (30 MC-130Js, 13 HC-130Js and 29 C-130J-30s) and the US Marine Corps (six KC-130Js).

Also through this contract, the US Coast Guard has the option to acquire five HC-130Js. Aircraft purchased through the multiyear contract will deliver between 2016 and 2020.

Constructed in alignment with the US government´s Better Buying Power initiative, this contract provides significant savings to the US government through multiyear procurement as compared to annual buys.

Lockheed Martin provided 60 C-130Js to the US government through an initial multiyear contract announced in 2003, which delivered aircraft to the US Air Force and U.S Marine Corps from 2003-2008.

The C-130J Super Hercules is the standard in tactical airlift, providing a unique mix of versatility and performance to complete any mission, anytime, anywhere. It is the airlifter of choice for 16 nations and 19 different operators. The Super Hercules worldwide fleet has more than 1.3 million flight hours to its credit. For additional information, visit www.lockheedmartin.com/c130.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that — with the addition of Sikorsky — employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.