Lockheed Awarded $4.1-Billion Contract
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Lockheed Martin Corp. won a $4.1-billion order from the Pentagon for 60 C-130J transport airplanes.
Lockheed immediately will get about $272 million to deliver four of the aircraft to the Marines, which will be modified to refuel other airplanes while in flight, the Defense Department said.
Lockheed will provide 40 Air Force and 20 Marine Corps versions through 2009. The contract is the largest for the C-130J and will ensure that the program is profitable, Lockheed said.
Shares of Lockheed rose $1.98 to $45.19 on the NYSE.
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