The Canadian Government has signed a C$723m contract with Lockheed, which will provide maintenance to the Canadian Forces (CF) fleet of C-130J Hercules aircraft.
The contract also aims to create high-value work for the Canadian industry through industrial regional benefits (IRBs).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The government signed a contract amendment with Lockheed for an initial period ending 30 June 2016.
The C-130J tactical airlift fleet will be used by the CF to deploy personnel both at home and abroad, as well as to support Canadians in distress at home.
The C-130J aircraft, scheduled to be introduced into the CF in June 2010, will be based at CFB Trenton.
Under the contract agreement, Lockheed will provide IRBs, equal to 100% of the contract value.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataValued at nearly C$1.4bn, the original contract for 17 C-130J Hercules aircraft was awarded to Lockheed in December 2007.
The Canadian Forces consist of three main branches, including Maritime Command (MARCOM), Land Force Command (LFC) and Air Command (AIRCOM).
