The U.S. Navy is retiring some of its C-130T transport aircraft and the Philippines is buying two of them (plus two spare engines and other spares and maintenance gear) for $61 million. This would give the Philippines five C-130s, although one of them is undergoing refurbishment and all five are quite elderly.
The C-130T is a minor upgrade of the C-130H and the latest model until the significantly new C-130J appeared recently (and is the only model still in production). The C-130Ts were well maintained by the navy and the ones the Philippines are getting have at least twenty years of service left in them if they are well maintained.
The C-130H is the most common version is the C-130. It has a range of 8,368 kilometers, a top speed of 601 kilometers per hour, and can carry up to 18 tons of cargo, 92 troops, or 64 paratroopers.