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House OKs Measure For Lockheed F-16 Taiwan Sale

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U.S. House lawmakers approved a measure last week to enable a sale of 66 Lockheed Martin (NYSE: LMT)-manufactured F-16C aircraft to Taiwan, Flight Global reports.

Dave Majumdar wrote the Obama administration initially did not support the idea but is now reconsidering the sale.

Kay Granger, a Republican from Texas, authored the legislation which now moves to the Senate.

In December 2011, Lockheed secured a $835 million U.S. Air Force contract to provide the Iraqi government with 18 F-16 jets.

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