Lockheed Wins $489 Million Deal for C-5 Modernization - Pentagon

October 31, 2012

Lockheed Martin Corp has won a contract valued at $489 million to continue work on modernizing and putting new engines on the Air Force's massive C-5 transport planes, the Pentagon said on Wednesday.

It said the contract would run through July 17, 2015, with the work to be done at Lockheed's Marietta, Georgia plant outside Atlanta.

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