The C-130 Hercules is a Lockheed-designed and built, four-engine turboprop aircraft, used for troop and cargo transport.

Lockheed Draws DOD Contract Upgrade for Cargo/Transport Planes

Aug. 31, 2016

Lockheed Martin Corp. has landed a $287.2-million mark-up to an earlier U.S. Dept. of Defense contract for its C-130J transport aircraft, raising the value to roughly $5.7 billion, and setting the total aircraft to be delivered at 88 over five years.

Robert Brooks

Lockheed Martin Corp. has landed a $287.2-million mark-up to an earlier U.S. Dept. of Defense contract for its C-130J transport aircraft. The order for five more planes pushes the original order, placed late last year, to roughly $5.7 billion, and totaling 88 aircraft over five years.

Lockheed Martin Wins DOD Contract Worth Over $5 Billion

Lockheed, Rolls-Royce Contracted to Support RAF’s C-130 Fleet

According to published reports, a U.S. Air Force source claimed the additional planes were added to the original order during Congressional budget reviews.

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