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Article: Kuwait Plans to Order Four Cargo Planes from Lockheed Martin.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 16, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. 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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Knight Ridder/Tribune Business News
Dec. 16 -- Lockheed Martin has landed a new foreign buyer for its C-130J cargo plane, a boost for the company's Marietta plant.
Kuwait plans to buy four of the updated military airlifters, Lockheed Martin said Wednesday.
The Kuwaiti Higher Defense Council approved the purchase, said Peter Simmons, a spokesman at the Marietta plant.
Kuwait and Lockheed Martin still must negotiate an order contract, but council approval "represents a major step in Kuwait's acquisition process," Simmons said. The deal would likely be worth more than $200 million.
U.S. Sen. Max Cleland (D-Ga.) said the Kuwaiti ...