Pentagon awards Lockheed Martin $1.9 billion C-130J training contract

The Pentagon awarded Lockheed Martin Corp. (NYSE: LMT) a 10-year contract worth up to $1.9 billion to continue the C-130J Maintenance and Aircrew Training System program, according to a company statement.

The sole-source, indefinite delivery, indefinite quantity contract enables the U.S. Air Force Life Cycle Management Center to provide aircrew and maintenance training devices and support services to C-130J personnel. Services include courseware, operations, logistics support and engineering services.

The C-130J MATS program currently supports U.S. Air Mobility Command, Air National Guard, Air Force Reserve Command, U.S. Marine Corps, Air Force Special Operations Command, and Air Education and Training Command. Under the new contract, aircrew support will expand to include the U.S. Navy Reserve and U.S. Coast Guard.

"This contract award continues the nearly 30-year C-130J franchise and reflects the strong relationship and collaboration between the U.S. Government, Lockheed Martin and our industry partners," said Todd Morar, vice president of Air and Commercial Solutions at Lockheed Martin.

The C-130J Super Hercules serves operators in 28 nations. More than 560 C-130Js have been delivered and certified by over 20 airworthiness authorities, with the global fleet surpassing 3 million flight hours.

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