Lockheed Martin receives finalised F-16 contract

Lockheed Martin has recently received $320 million from the US Air Force to build 10 F-16s for the Chilean Air Force under the US Foreign Military Sales program.

Lockheed Martin has recently received a finalised contract from the U.S. Air Force valued at approximately $320 million to build 10 F-16s for the Chilean Air Force under the US Foreign Military Sales program.

A letter contract valued at approximately $40 million was awarded in March 2002, with preliminary work beginning at that time. The remaining $279.9 million was awarded May 20.

Aircraft on order include six single-seat F-16Cs and four two-seat F-16Ds, which will be powered by the General Electric F110-GE-129 engine.

Fabrication of parts and components for the fighter jets is scheduled to begin this year. The aircraft will be assembled in Lockheed Martin facilities at Fort Worth, Texas next year and delivered to Chile in early 2006.

‘This high-tech jet fighter is fully capable of meeting Chile’s operational needs,’ said John Bean, Lockheed Martin’s vice president of F-16 programs. ‘The F-16 has proven itself time and time again to be a versatile, front-line fighter because of its evolving technical and operational capability.’

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