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Air Force Awards Lockheed Martin C-130J Deal Potentially Worth $10 Billion

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Air Force Awards Lockheed Martin C-130J Deal Potentially Worth $10 Billion
C-130. Photo: Air Force.

The Air Force on Friday awarded Lockheed Martin [LMT] a sole source contract potentially worth $10 billion for C-130J production work, according to a Defense Department statement.The contract is an indefinite-delivery/indefinite-quantity (ID/IQ) deal with a cumulative ceiling to cover all future delivery orders within scope. Work is expected to complete by Aug. 18, 2026. The contract involves foreign military sales (FMS).Lockheed Martin develops the C-130J.

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