The U.S. Defense Security Cooperation Agency notified Congress Wednesday of plans to sell the Norwegian Government a package of technical, engineering, and software support for C-130J Super Hercules transport aircraft. In addition to support services, this package would include software updates and patches, spare parts, and training in the use of the aircraft's Portable Flight Planning System (PFPS) and Joint Mission Planning System (JMPS).
Lockheed Martin (NYSE:LMT), which manufactures the C-130J, along with General Electric (NYSE:GE) and Rolls Royce (NASDAQOTH:RYCEY), would be the principal contractors in a deal valued at $107 million.
According to DSCA, Norway is requesting these parts and services in order to better "contribute to future NATO, operations and supports U.S. national security interests."
DSCA assured Congress that "there will be no adverse impact on U.S. defense readiness as a result of this proposed sale."
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