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Lockheed to Retrofit F-16s Under $95M USAF Award

Lockheed Martin (NYSE: LMT) has won a $94.7 million U.S. Air Force contract to retrofit 12 F-16 jets, the Defense Department announced Friday.

Under the firm-fixed-price contract, the F-16 C/D Block 60 multi-role fighter jets will go to the government of Oman through a foreign military sales agreement.

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

The F-16 has been the subject of some foreign military sales activity recently, including a $1.8 billion agreement between the governments of the U.S. and Taiwan for upgraded F-16s.

Under another $199.3 million contract, Lockheed will provide the U.S. Air Force 18 F-16s in the C and D configuration models to fulfill a sales agreement with Iraq.

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