Potential $15 billion C-130J contract sets stage for modernization, significant procurement

By Jason Sherman / September 18, 2020 at 4:48 PM
The Air Force has tapped Lockheed Martin to exercise a project using a new contract vehicle potentially worth $15 billion for continued development and procurement of C-130J aircraft -- a five-year deal with options to buy as many as 120 aircraft that, if fully exercised, could dwarf the most recent multiyear procurement deals for the U.S. military's intra-theater lift workhorse fleet. On July 17, the Air Force executed a new indefinite-delivery/indefinite-quantity contract for development, integration, retrofit and production activities for...

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