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Lockheed Martin Awarded $304 Million For Four Norwegian C-130Js

DDN

Thursday, November 8th, 2007

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Lockheed Martin [LMT] received an Undefinitized Contract Action (UCA) from the U.S. government valued at $304 million for the purchase of four C-130J Super Hercules airlifters, plus initial spares and training, for Norway, the company reported yesterday. The UCA initially funds 50 percent of the program and will allow Lockheed Martin to begin long-lead acquisition of production materials. A fully definitized contract for the Norwegian aircraft is expected to be signed early next year, according to Lockheed Martin. The Norwegian…

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