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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 repair …

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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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Lockheed Martin Lands $914M FMS Deal to Update Singapore’s F-16s

Lockheed Martin (NYSE: LMT) will update Singapore’s F-16 fleet under a $914 million sole-source contract as part of the U.S. Air Force‘s foreign military sales program. The Defense Department said Tuesday the company will perform work in Texas through June 30, 2023. Singapore has previously requested an upgrade in 2014 to bolster the combat …

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Lockheed Marks F-16V Maiden Flight with Northrop AESA Radar

TYSONS CORNER, VA, October 22, 2015 — Lockheed Martin (NYSE: LMT) flew the F-16V for the first time integrated with the latest avionics configuration, including Northrop Grumman’s (NYSE: NOC) APG-83 AESA flight control radar. Lockheed said the maiden flight took place over Fort Worth, Texas, on Oct. 16. Other enhancements to the …

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Dutch Air Force Orders Lockheed Targeting Pods for F-16 Fleet

TYSONS CORNER, VA, October 6, 2015 — The Netherlands has ordered 26 Lockheed Martin (NYSE: LMT) Sniper targeting pods and related equipment, training and support from the U.S. for the Dutch air force’s fleet of F-16 fighter aircraft, ExecutiveBiz reported Monday. Lockheed said it expects to complete delivery early next year and …

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AF Orders Lockheed JASSM Hardware for Polish F-16 Fleet

TYSONS CORNER, VA September 15, 2015 — The U.S. Air Force has selected Lockheed Martin (NYSE: LMT) to build Joint Air-to-Surface Standoff Missile hardware and software in support of the Polish air force’s F-16 fleet, ExecutiveBiz reported Monday. Lockheed said the order, the third to come under a foreign military …

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