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  • Thursday, April 25, 2024

Lockheed Wins $199M Iraq F-16 Sale

Lockheed Martin (NYSE: LMT) has won a $199, 303, 678 U.S. Air Force contract to provide F-16 fighter jets for a foreign military sale, the Defense Department announced Tuesday.

Iraq will receive 18 of the Block 52 planes, 12 C-configuration models, 6 D models, support equipment, technical orders, integrated logistics support and contractor logistics support.

The contract has a combination of firm-fixed-price, time-and-material and cost-plus-fixed-fee provisions.

Work will occur in Fort Worth, Texas through May 30, 2018 and Wright-Patterson Air Force Base, Ohio, is the contracting activity.

Lockheed has received several foreign military sales contracts recently, including an estimated $756 million sale of four F-35 jets to Japan.

More than twenty-five countries have expressed interest in purchasing the F-35, with eight having already placed orders and South Korea evaluating the jet in that country’s largest-ever fighter competition.

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