Hello, Guest!
  • Saturday, April 27, 2024
"Fighter Jets", by WikiImages, www.pixabay.com, licensed under CC0

Lockheed Receives $238M Air Force Contract for F-16 Initial Spares

Lockheed Martin‘s (NYSE: LMT) aeronautics division has secured a 10-year, $238 million contract from the U.S. Air Force to supply and deliver F-16 initial spares to foreign military sale customers.

The contract will support new aircraft procurement or major fleet upgrades for the governments of Greece, Jordan, Taiwan, South Korea and Singapore, the Department of Defense said Thursday.

Work will take place in Fort Worth, Texas, through Nov. 7, 2033.

The Air Force Life Cycle Management Center awarded the contract on a sole source basis and is obligating $910,000 in FMS funds at the time of award.

In January, Jordan finalized an agreement with the U.S. government to purchase a dozen units of the Lockheed-manufactured F-16 Block 70 aircraft for its air force.

The State Department also approved Taiwan’s request in August to buy F-16 infrared search and track systems and related equipment under a potential $500 million FMS deal.

Video of the Day

Related Articles

State Department OKs $2B in FMS Deals With Poland, Netherlands for Extended-Range Anti-Radiation Missile Contract Awards

State Department OKs $2B in FMS Deals With Poland, Netherlands for Extended-Range Anti-Radiation Missile

The State Department has approved the requests of the governments of Poland and the Netherlands to buy an extended-range variant of the Advanced Anti-Radiation Guided Missile system, related equipment and support services from the U.S. government under two foreign military sales deals worth approximately $2 billion combined. Northrop Grumman (NYSE: NOC) will serve as the

State Department OKs $140M Sale of Aircraft Contractor Logistics Support to Iraq Foreign Military Sales

State Department OKs $140M Sale of Aircraft Contractor Logistics Support to Iraq

The Department of State has approved the government of Iraq’s request to buy from the U.S. government C-172 and AC/RC-208 aircraft contractor logistics support, training and related equipment through a potential $140 million foreign military sales agreement. Northrop Grumman (NYSE: NOC) will serve as the principal contractor in the FMS transaction, which will enable the

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports