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Report: UAE, Lockheed Seal $1.6B F-16 Upgrade Deal

Lockheed Martin (NYSE: LMT) has secured a potential $1.6 billion order to perform upgrades to the United Arab Emirates’ F-16 fighter aircraft, The National reported Sunday. The report said UAE’s armed forces entered numerous defense deals with U.S. companies, which include an agreement for Lockheed to modernize 80 F-16s. Lockheed CEO …

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Lockheed Martin to Deliver F-16 Fighting Falcon Training System to Romania’s Air Force

Lockheed Martin (NYSE: LMT) will deliver a tailored simulation-based F-16 training environment for the Romanian Air Force (RoAF,) according to a company statement. Lockheed Martin will deliver the SciosTrain™ suite of simulators in 2019 under this contract and also provide contractor logistics support services. “Our solution builds on our proven …

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Lockheed’s F-16 Jets Get Air Force Approval for Service Life Extension

TYSONS CORNER, VA, April 17, 2017 — The Lockheed Martin-built (NYSE: LMT) F-16 fighter jet has received clearance from the U.S. Air Force for an extended service life from an equivalent 8,000 to 12,000 flight hours, ExecutiveBiz reported Thursday. The company said Wednesday it worked with the Air Force to cut projected service …

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AIDC Starts Update Work on Taiwan’s Lockheed-Built F-16s

TYSONS CORNER, VA, Jan. 26, 2017 — Aerospace Industrial Development Corp. has begun to implement updates to Taiwan’s fleet of Lockheed Martin-built (NYSE: LMT) F-16 Fighting Falcon aircraft, ExecutiveBiz reported Wednesday. Taiwanese state-owned AIDC stated that it expects to complete the modernization work on 144 F-16s in six years with four jets currently …

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Lockheed to Modernize South Korea F-16s Under $1.2B USAF Foreign Sales Deal

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential nine-year, $1.20 billion contract to support modernization of South Korea’s fleet of F-16 Fighting Falcon jets. Lockheed will perform the F-16 upgrades as part of a foreign military sales agreement between the governments of the U.S. and South Korea, …

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Lockheed Martin Expands F-16 Supply Chain Services With Derco Repair Services

TYSONS CORNER, VA, Sept. 19, 2016 — Lockheed Martin (NYSE: LMT) has moved to expand its global supply chain services for F-16 operators with the designation of Derco Repair Services as a certified F-16 repair center under Lockheed’s Hologram program, ExecutiveBiz reported Thursday. Lockheed said Wednesday the Derco Aerospace affiliate has an 80, 000-square-foot component …

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DoD Supports Boeing, Lockheed Plans to Found F-18, F-16 Manufacturing Lines in India

TYSONS CORNER, VA, Sept. 8, 2016 —The Defense Department voiced support for Lockheed Martin‘s (NYSE: LMT) and Boeing‘s (NYSE: BA) plans to establish manufacturing for their F-16 and F-18 fighter jets in India under the Make in India project, ExecutiveBiz reported Tuesday. The companies will lead technology transfers and build F-16 and F-18 aircraft platform production …

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Lockheed Eyes Move to India for F-16 Manufacturing Base

TYSONS CORNER, VA, Aug. 25, 2016 — Lockheed Martin (NYSE: LMT) plans to move the manufacturing base for the company’s F-16 aircraft to India in efforts to secure a potential order of more than 150 fighter jets under a military modernization program by the Indian government, ExecutiveBiz reported Wednesday. Bloomberg reported Tuesday the …

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Lockheed Eyes $15B Export Potential for ‘Made in India’ F-16 Jets

TYSONS CORNER, VA, Aug. 5, 2016 — Lockheed Martin (NYSE: LMT) anticipates $15 billion in potential exports of the F-16 fighter jet with the proposed transfer of that aircraft’s production to India, ExecutiveBiz reported Thursday. The Economic Times reported Thursday that an F-16 production line in India could lead to export sales of …

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Lockheed Martin Eyes Move of Some F-16 Production Work to India

TYSONS CORNER, VA, March 23, 2016 — Lockheed Martin (NYSE: LMT) is working with the U.S. and Indian governments to discuss the potential move of some F-16 aircraft production operations to India, ExecutiveBiz reported Tuesday. The Hindu newspaper reported Monday the plan works to support the country’s recapitalization targets for fighter jets and …

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