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FINANCIAL NEWS
Kuwait places $245m order with Lockheed Martin
30 May 2010
(MENAFN) Lockheed Martin said in a statement that it has won a $245 million contract from the US Government for the foreign military sale of three KC-130J tanker aircraft to Kuwait, Reuters reported.
The Kuwait Air Force’s new KC-130Js will provide aerial refueling for its F18 fleet and augment its current airlift fleet of three Lockheed Martin L-100s, according to the statement.
Kuwait’s first KC-130J delivery is scheduled for late 2013, with deliveries completed in early 2014. Using only wing and external tanks, the KC-130J has a 57,500 pound fuel offload capability.
Lockheed Martin employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
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