Lockheed gets $1.5 billion deal for materials used in C-130J aircraft: Pentagon

Thomson ReutersA US Lockheed P-3 Orion variant is seen after it took off from Tocumen international airport during an organized media visit in Panama City

WASHINGTON (Reuters) – Lockheed Martin Corp has won a contract worth $1.5 billion to buy titanium and other long-lead materials needed to build 28 C-130J military transport aircraft, the Pentagon said on Thursday in its daily digest of major contracts.

The contract, which runs through July 31, 2019, will fund advance procurement of materials that take a long time to procure, the Pentagon said.

(Reporting by Andrea Shalal; Editing by David Gregorio)

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