State Dept Clears Chile’s $635M F-16 Modernization Service Request

State Dept Clears Chile’s $635M F-16 Modernization Service Request
Chilean F-16

The State Department has approved a potential $634.7M foreign military sale of aircraft equipment, services and spare parts to support Chile's F-16 fleet modernization program.

Lockheed Martin (NYSE: LMT) will be the primary contractor for the FMS deal that includes procurement of avionics, communications and navigation systems along with logistics, technical, engineering and program support services, the Defense Security Cooperation Agency said Thursday.

Chile requested to buy Identification Friend or Foe transponders, cryptographic systems, Joint Helmet-Mounted Cueing Systems, MK-82 bomb bodies, MXU-650KB Air Foil Groups, LN-260 GPS/INS receivers, ARC-238 radios, radar altimeters and High-Bandwidth Compact Telemetry Modules.

DSCA notified Congress of the proposed sale Thursday.

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