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Article: Lockheed Martin Awarded $4 Billion Contract for Multiyear Acquisition Of C-130J Aircraft for Air Force and Marine Corps; Will Result in More than $500 Million in Cost Savings.
- Article from:
- PR Newswire
- Article date:
- March 14, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Lockheed Martin today received a contract, ultimately valued at $4B, for the multiyear acquisition of 60 C-130J aircraft for the U.S. Air Force and Marine Corps. The value covers a six year program and is for the acquisition years 2003 through 2008.
"This resounding endorsement of the C-130J program by the U.S. Air Force and Marine Corps is enormously gratifying," said Dain Hancock, president of Lockheed Martin Aeronautics Company. "Lockheed Martin, in conjunction with its suppliers, has invested heavily in the future of tactical airlift. This contract is wonderful news to the thousands of employees who made the C-130J Super Hercules a reality, and to the men ...