Lockheed Martin (NYSE:LMT) is awarded a $15B contract by the U.S. Air Force to develop, integrate, retrofit and produce variants of its C-130J transport aircraft, the Pentagon announces.

The contract provides flexibility to accommodate the broad enterprise of activities associated with the C-130J program, the Department of Defense says.

Work will be performed at Lockheed's facility in Marietta, Ga., with completion expected in 2030.

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