The Department of Defense (DoD) has awarded Lockheed Martin its third multi-year award, with a total value of $3 billion, for the delivery of 50 C-130J Super Hercules, the company announced on Monday.
The U.S. government finalized the award on Dec. 27, 2019. The award comes as a delivery order under an existing Indefinite Delivery Indefinite Quantity (IDIQ) contract awarded in August 2016. The Department of Defense awarded more than $1.5 billion in funding for the first 21 C-130J aircraft on the multiyear award.
"The C-130J Multiyear III award represents a joint commitment between Lockheed Martin and the U.S. government in delivering proven capability that meets our operators' mission and affordability requirements," said Rod McLean, vice president and general manager of Air Mobility and Maritime Missions at Lockheed Martin.
Lockheed Martin will supply 24 HC/MC-130Js to the U.S. Air Force, 20 KC-130Js to the Marine Corps and options for six HC-130Js to the Coast Guard.
The aircrafts will provide the U.S. military with versatility and performance to complete any mission. The four-engine turboprop military transport aircraft is an updated model of the company’s C-130 Hercules, including new engines and flight deck.
"Our partnership with the U.S. government provides significant savings through multiyear procurement as compared to annual buys, and provides the best tactical airlifter to crews who fly and support the world's largest Super Hercules fleet," McLean concluded.
The aircrafts purchased through the C-130J Multiyear III award will be delivered between 2021-2025, and will be built at Lockheed Martin's Marietta, Georgia facility.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.