Egypt Agrees to buy F-16s from Lockheed Martin

The Egyptian government has agreed to the purchase of 24 F-16 Fighter jet aircraft, in a deal worth approximately $3.2 billion. The Egyptian Air Force is the 4th largest in the world to use the F-16. According to Lockheed Martin officials, the aircraft is used by 25 different nations.

Lockheed Martin spokesman Joe Stout said that the company understood that the US and Egyptian governments had reached an agreement over the purchase of the aircraft. Lockheed Martin anticipates the contract being signed in early 2010.

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