Wow. C-130J would be a good replacement for the C-160s, but the whole point of the A400 was to be able to transport equipment that was outsize to the C-130/C-160. With C-17 out of production there is no longer an outsize alternative to A400.
And I gotta wonder where all the F-35 doom and gloom handwringers are on this. The A400 is a pretty low tech project and it's at least as far behind schedule and as over budget (in relative terms) as the F-35. And while there are lots of off-the-shelf in-production alternatives to the F-35, there are NONE for the A400.