Long dominant, Lockheed's C-130 faces new competition

Lockheed Martin's C-130 military cargo plane is facing competition from companies in Europe and South America. The Airbus 440 is close to production, and Brazil's Embraer plans to build a military transport based on its civilian twin jets. A Lockheed spokesman says the order backlog for the C-130 is likely to increase as the U.S. updates its fleet.

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