C-130. Photo: Air Force.
The Air Force Friday awarded Lockheed Martin [LMT] potentially $565 million for six C-130J-30s for India, according to a Defense Department statement.
The Foreign Military Sales (FMS) deal includes field service representatives and three years of post-delivery support after the first aircraft delivery. The total cumulative face value of the contract is $2.1 billion. Work is expected to be completed by April 30, 2020.
This contract is 100 percent FMS for India and $51 million will be obligated at the time of award.