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.
[...] announcement comes nearly four months after reports surfaced of a possible foreign military sales agreement between the U.S. and Taiwan governments, valued at [...]
[...] was also seeking 66 new F-16s in a proposed $600 million foreign military sales [...]