Home / Contract Awards / Report: US, Taiwan Readying $600M Lockheed F-16 Upgrade Deal

Report: US, Taiwan Readying $600M Lockheed F-16 Upgrade Deal

The U.S. and Taiwan are preparing to sign a contract that covers $600 million in upgrades to Taiwan’s F-16 fleet, Defense News reports.

According to the report, the upgrades include new radars for Taiwan’s Lockheed Martin-made (NYSE: LMT) F-16 jets.

Contract signing may take place before July 26 and the upgrades would take nearly 12 years to complete, the report said.

Taiwan originally requested 66 new F-16 jets and the House approved a measure in May to approve such a sale.

The country’s defense ministry said jets will have radars for detecting Chinese stealth aircraft and may also contain precision munitions, the report said.

Check Also

Informatica

Former Oracle VP Graeme Thompson Joins Informatica as SVP, CIO

Graeme Thompson, formerly vice president of global information technology end-user services at Oracle (NYSE: ORCL), has …

digital-government

GSA Starts $50B Alliant 2 IT Vehicle Solicitations; Mary Davie Comments

The General Services Administration has issued its formal requests for bids on two governmentwide information …

Subscribe to our Newsletter
I will subscribe later