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Lockheed Martin Awarded $1.2 Billion to Upgrade the South Korean F-16 Falcons

Friday, November 18, 2016 20:44
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Defense-Update reports: img_1955The U.S. Air Force awarded Lockheed Martin Aeronautics a contract worth over US$1.2 Billion for the upgrading of 134 South Korean F-16 fighters. The Republic of Korea Air Force (RoKAF) plans to upgrade both the F-16C/D Block 50/52 fighter aircraft with brand new radar and avionics suite. The contracr negotiated is a fixed-price incentive-fee contract, […] provides a global coverage of military technology and defense news. Its monthly readership includes over 300,000 professionals worldwide


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