One year ahead of schedule, Lockheed Martin has completed its $1.4bn Aircraft Capability – Tactical (ACP-T) Acquisition Industrial Regional Benefits (IRB) commitments in Canada.

Canada’s IRB policy applied to the contract that was awarded to Lockheed in 2007 for the delivery of 17 CC-130J Super Hercules to replace the Royal Canadian Air Force’s (RCAF) CC-130E and H aircraft.

Lockheed was also awarded a $72.1m contract in January 2010 for in-service support to maintain the new fleet until 30 June 2016.

The IRB Policy required the company to invest 100% of the value of the contract in Canadian business activities.

Lockheed Martin Canada chief executive Charles Bouchard said: "The investments made across Canada as a result of Canada's purchase of 17 CC-130J Super Hercules aircraft is a prime example of how defence procurement projects serve as a catalyst to ignite a culture of innovation and critical research and development."

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"The investments made across Canada as a result of Canada's purchase of 17 CC-130J Super Hercules aircraft is a prime example of how defence procurement projects serve as a catalyst to ignite a culture of innovation and critical research and development."

The company financially supported the development and commercialisation efforts of Canadian companies and universities in order to meet IRB commitments.

GasTops, Contextere, Solace Power, Metamaterial Technologies, and Mannario are the five Canadian companies that received Investment Framework (IF) projects directly related to the C-130J.

The company said it met all of its requirements within small and medium enterprises, aerospace and defence, strategic aerospace and defence technology sectors, and for specific regional projects in the Atlantic, Quebec, Ontario, and Western regions.

The final CC-130J aircraft was delivered to RCAF in 2012 and the project was closed in December 2016.

The CC-130J Super Hercules has served RCAF since 1960, by supporting a variety of missions ranging from flying troops and essential equipment to Canada's northernmost region, search-and-rescue missions, and delivering critical humanitarian supplies for global relief efforts.