Lockheed Martin has secured a $662m modification contract from the US Air Force (USAF) for the purchase of different variants of C-130J aircraft.

As a part of the contract, the company will purchase two MC-130J, two HC-130J, three KC-130J, one C-130J, two US Coast Guard HC-130J production aircraft, and 20 quick engine change assemblies.

Work under the contract will be carried out in Marietta, Georgia, and is expected to be completed by 31 January, 2018.

The US Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, will serve as the contracting activity.

"Work under the contract will be carried out in Marietta, Georgia, and is expected to be completed by 31 January, 2018."

Zacks Equity Research reported that the company has also secured two contracts, one, a $91.1m agreement from the Missile Defense Agency and the modification contract for United Arab Emirates Terminal High Altitude Area Defense (THAAD) to acquire continental US and outside continental US support for services and equipment.

This contract is expected to be completed by 31 October, 2019. The agreement is set to be carried out at Las Cruces in New Mexico, Huntsville in Alabama, Sunnyvale in California and United Arab Emirates.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lockheed Martin’s missiles and fire control unit has secured another contract worth $78.2m from the US Army, for a service life extension program (SLEP) for the army’s tactical missile system (ATACMS) which will run through until 29 December, 2018.

The SLEP will help leverage existing, service life-expired ATACMS Block I missiles into policy compliant area attack munitions.

Recently, the firm also inked a $244m modification contract to ensure that labour and material costs of 61 units of C-130J aircraft is reduced through the procurement of raw materials by the company.

Another $308.3m deal will see the company provide the Taiwan Government with 144 active electronically scanned array radars.