Lockheed Martin (LMT) yesterday posted strong H1 2020 result and provided a promising guidance for the remainder of 2020. In the results, which we will analyze in a regular piece on the platform, we saw strong product portfolio and execution reflected.
For Lockheed Martin it adds to previous news of a big contract award a couple of days ago when it was awarded a $15,000,000,000 indefinite-delivery/indefinite-quantity contract for C-130J development, integration, retrofit and production activities for all C-130J variants. The contract provides flexibility to accommodate the broad enterprise of activities associated with the C-130J program.
The contract award does not mean that the company has been handed $15B in cash, but serves as a contract vehicle allowing the the US Air Force to fund procurement and support items against that $15B IDIQ contract.
The C-130J is the newest version of the Hercules, which first flew in 1996, is used for military transport as well as air-to-air refueling missions making it a highly capable aircraft. Currently the US Air Force has 132 C130J aircraft in service with another 18 on order.
The Defense Contracts Monitor shows us that the $15B ceiling for this contract is the biggest contract awarded to Lockheed Martin for the C130 program this year.
The Defense Contracts Monitor is an expanding tool in which we keep track of the contract awards as shared by the DoD for the biggest US Defense Contractors. The Monitor is available to subscribers of The Aerospace Forum and let’s the user slice the data in multiple ways such company, platform type, country and data range.
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What we did at The Aerospace Forum…
- We have loaded over 600 contracts loaded in our Defense Monitor covering Boeing contract (2018-2020) and Lockheed Martin (2020).
- We will be working on adding more Lockheed Martin contracts for previous years, which will send the contracts covered in the monitor over 1,000.
- We have had vivid discussions with subscribers on the prospects of Spirit AeroSystems.
- We updated all Boeing and Airbus models with the most recent data.
- We continue analyzing the commercial aircraft market with detailed insights.
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