Lockheed Martin Corp (LMT.N) has won a contract worth $260 million for the purchase of materials need to build the next batch of 28 C-130J Super Hercules transport planes in fiscal 2016, which began Oct. 1, the Pentagon said on Monday.
The contract runs through April 30, 2017.
Lockheed reached agreement with the U.S. Air Force on a five-year contract to build up to 83 C-130J planes for the Air Force, Coast Guard and Marine Corps through 2020, a deal valued at over $6 billion.
Lockheed Chief Financial Officer Bruce Tanner told analysts last week that Lockheed had $2.4 billion in potential cost and termination liability exposure, given its decision to self-fund work on C-130J transport planes and F-35 jets while contracts are being negotiated with the U.S. government.
Tanner said both deals were being finalized, which should result in more funding this year, but about $750 million in cash payments could be delayed until 2016.
Rotortrade is strengthening its support capabilities in East Africa through a cooperation with Helicopters International Ltd (“Helint”), an established helicopter maintenance and support p...
On July 8, Tecnam participated in the official inauguration of new terminal at Rome Urbe Airport, an event hosted by Italian Civil Aviation Authority (ENAC) and ENAC Servizi to present the f...
Jetex signed an agreement to expand its presence into Indonesia, marking an important milestone in the company’s continued growth across the Asia-Pacific region. The agreement was signed wi...
European Union Aviation Safety Agency and the US Federal Aviation Administration have approved ExecuJet MRO Services Belgium to perform line and heavy maintenance on the Dassault Falcon 6X. In ad...
