Lockheed Martin wins more F-16 business
FORT WORTH, Texas, (PRNewswire) – The US government awarded a $99.7 million contract to Lockheed Martin on December 27 for long-lead tasks related to the production of 30 new Advanced Block 52+ aircraft for Greece. The governments of Greece and the United States signed a Letter of Offer and Acceptance (LOA) for the aircraft earlier in December. The new order includes 20 single-place F-16Cs and 10 two-place F-16Ds. The LOA provides Greece with an option for an additional 10 aircraft. The new aircraft will supplement the existing fleet of the Greek air force F-16s and continue its modernization. The total program value for the initial 30 aircraft is approximately $2 billion, with Lockheed Martin’s portion estimated at about $1.2 billion. «Under this contract, we’ll provide the latest in advanced technologies to ensure long-term mission success for our valued customer, the Greek air force,» said Ralph D. Heath, president of Lockheed Martin Aeronautics Company. «It’s especially gratifying that this order marks the 50th time an F-16 customer has come back to us for additional aircraft – establishing a record of customer satisfaction that may be unmatched in the military aircraft business.» The final Greek aircraft will be delivered in the fourth quarter of 2009.
