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State Dept Clears Potential $2.91B F-16 Aircraft Sale to Slovakia

The State Department has approved Slovakia’s request to buy 14 F-16 Block 70/72 V configuration aircraft and related equipment and services from the U.S. government through a potential $2.91 billion foreign military sales agreement.

Lockheed Martin (NYSE: LMT) will act as the prime contractor in the proposed deal in support of Slovakia’s plan to replace its fleet of MiG-29 fighter jets, the Defense Security Cooperation Agency said Wednesday.

The proposed FMS transaction covers several products and services such as F110 General Electric or F100 Pratt & Whitney engines; APG-83 active electronically scanned array radars; M61 A1 Vulcan 20mm guns; modular mission computers; AIM-120C7 air-to-air missiles; LAU-129 guided-missile launchers; spares and repair parts; engineering; technical; and logistics support.

DSCA said Slovakia will use the F-16s to build up its homeland defense, modernize its air force and support NATO’s defense objectives.

The proposed deal will require the deployment of government and contractor representatives to the European country.

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