Lockheed Martin (NYSE: LMT) has been awarded a five-year contract extension worth approximately $504.3 million by the Government of Canada to provide In Service Support (ISS) for the Royal Canadian Air Force's (RCAF) fleet of 17 C-130J Super Hercules aircraft,
8th Jul 2016
Lockheed Martin (NYSE: LMT) has been awarded a five-year contract extension worth approximately $504.3 million by the Government of Canada to provide In Service Support (ISS) for the Royal Canadian Air Force's (RCAF) fleet of 17 C-130J Super Hercules aircraft, known in Canada as the CC-130J.
Lockheed Martin has supported the RCAF CC-130J fleet since 2007 and this most recent ISS contract award is an extension of the original contract. Through the contract, Lockheed Martin is the lead, providing all performance-based logistics supporting the operations, sustainment and maintenance associated with the RCAF's Super Hercules fleet.
"We are honored to have the opportunity to continue and expand our support of the RCAF's CC-130J fleet through this contract extension," said George Shultz, vice president and general manager, Air Mobility & Maritime Missions at Lockheed Martin. "As the original equipment manufacturer, Lockheed Martin has the inherent knowledge and experience to provide unprecedented sustainment to the RCAF to enable its Super Hercules fleet to support any mission -- anywhere, anytime."
"Lockheed Martin Canada takes great pride in witnessing the workhorse of the Royal Canadian Air Force operating in missions around the world - whether it is supporting humanitarian aid operations conducted by the Disaster Assistance Response Team or transporting troops and equipment to Canada's far north. We are committed to keeping the CC-130J fleet mission ready and maintained to the highest operational standards," said Charles Bouchard, chief executive, Lockheed Martin Canada. "We are equally committed to ensuring that a majority of maintenance work on RCAF's Hercules fleet is done here in Canada, ensuring that high-value jobs in Canada's aerospace industry are sustained."
Beyond the ISS contract itself, under Canada's Industrial and Technological Benefits Policy, investments equal to the value of the contract will also be made in Canada. This includes investing in research and development, in addition to ensuring that work is performed by small and medium-sized enterprises from across Canadian industries. In particular, Lockheed Martin partners with several of Canada's aerospace companies, including Cascade, IMP, CAE, Standard Aero and Sonovision to support ISS-related work.
The RCAF is a longtime CC-130 operator, first obtaining CC-130Es in the 1960s and a CC-130H fleet in 1996. In 2007, the Government of Canada procured 17 CC-130J Super Hercules, which were delivered between 2010 and 2012.
The C-130 Hercules is the world's standard in tactical airlift, proudly operating out of 68 countries. To date, Lockheed Martin has delivered more than 2,500 C-130s. The C-130J Super Hercules is the current production model, serving as the airlifter of choice for 16 nations and 19 different operators. The Super Hercules worldwide fleet has more than 1.3 million operational flight hours to its credit.