Home / Contract Awards / Air Force Awards Lockheed $1.1B F-16 Block 70 FMS Contract

Air Force Awards Lockheed $1.1B F-16 Block 70 FMS Contract

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential $1.12 billion contract to build 16 F-16 Block 70 jets for Bahrain’s air force.

Lockheed will receive $551,027,050 in foreign military sales funds at the time of award and perform work at the company’s facilities in South Carolina and Texas through September 30, 2023, the Defense Department said Friday.

F-16 Block 70 will be equipped with an active electronically scanned array radar, a modernized cockpit, advanced avionics, engine and weapons, conformal fuel tanks and an automatic ground collision avoidance technology.

The company said Monday it expects F-16 production efforts to create as many as 200 new jobs in Greenville, S.C.

According to Lockheed, the project will support many engineering, procurement, sustainment, customer support and supplier jobs across the U.S.

Check Also

Honeywell Awarded $111M to Provide Hardware for Army Tank Engine Overhaul

Honeywell (NYSE: HON) has received a potential $110.9M contract modification to provide hardware required to overhaul engines that power the U.S. Army's Abrams tanks. Services under the contract are intended to address Advanced Gas Turbine 1500 production requirements at Anniston Army Depot and support field repair efforts under the Total Integrated Engine Revitalization program, the Department of Defense said Thursday.

Amyx Secures $105M in DHA Program, Acquisition Support Contracts

Amyx has won a pair of fixed-price contracts worth $104.7M combined to support procurement and program management functions at the Defense Health Agency.