Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

March 25, 2016 12:55 AM

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Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

WASHINGTON Lockheed Martin Corp (LMT.N) has won a contract worth $1.5 billion for work on 28 C-130J military transport aircraft funded by the fiscal 2016 defense budget, the Pentagon said on Thursday in its daily digest of major contracts.

The contract, which runs through July 31, 2019, is part of a larger $5.3 billion multiyear contract for 78 C-130J Super Hercules awarded to Lockheed in December.

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