The first entitles the firm to over $1.06bn of definitisation modification (PZ0001) to a previous contract for C-130J multi-year production aircraft.
Around 32 aircraft are expected to be delivered to the DoD as a part of the deal in the following configurations: 13 C-130J-30, five HC-130J, 11 MC-130J, two KC-130J and one US Coast Guard HC-130J.
Works for the aircrafts are likely to be carried out at Marietta in Georgia, and expected to be over by April 2020.
Additionally, Lockheed Martin has been awarded a $61.87m definitisation modification (P00522) for C-130J fiscal 2013 and 2014 congressional-add production aircraft for the US Air Force (USAF).
The firm has been contracted to provide 11 C-130J aircraft as a part of the second deal, which will be in the following configurations: one C-130J-30, three HC-130J, two MC-130J, three KC-130J, and two US Coast Guard HC-130J.
Work for the second delivery is expected to be completed by January 2018.
The Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity for both the delivery deals.
In December, Lockheed delivered its 2,500th C-130 Hercules at Moody Air Force Base in Valdosta, Georgia.
The new HC-130J Combat King II personnel recovery aircraft is intended to be a part of USAF’s 71st Rescue Squadron.
In November last year, the US government also allowed a deal worth $650m for selling C-130J Super Hercules military transport airplanes and equipment to France.