Home / Contract Awards / Report: US, South Korea Discuss BAE F-16 Upgrade Contract’s 2nd Phase

Report: US, South Korea Discuss BAE F-16 Upgrade Contract’s 2nd Phase

F16FleetBAE Systems could receive $1 billion of work to upgrade 134 South Korea’s F-16 fighter jets as the U.S. and South Korean governments work to finalize the second phase of of a foreign military sales contract between both companies, Reuters reported Friday.

Andrea Shalal writes that the U.S. Air Force wants to finalize the pricing and schedule of the second phase with South Korea as Seoul has requested some changes.

The report said BAE is carrying out more than $140 million in contract work to install new mission avionics, radars and weapons systems on South Korea’s F-16s.

BAE won the F-16 upgrade contract in 2012 and became the first non-original equipment manufacturer to win upgrade work on that type of fighter jet.

Shalal reports that the current market for F-16 upgrades is worth an estimated $10 billion.

Check Also

Leidos Awarded $73M Navy IDIQ to Develop Acoustic Surveillance Tech

Leidos (NYSE: LDOS) has been awarded a three-year, $72.8M contract to help the U.S. Navy build a wide area surveillance technology to support antisubmarine warfare missions. The company will develop the Transformational Reliable Acoustic Path System for the Navy's Maritime Surveillance Systems Program Office, the Department of Defense said Friday.

Oshkosh Gets Green Light for Army JLTV Full-Rate Production

Oshkosh (NYSE: OSK) obtained approval Thursday to begin the full-rate production of Joint Light Tactical Vehicles, nearly four years after the company won a $6.7B contract to build the new armored vehicle platform for the U.S. Army and Marine Corps.