Aviation Industry News

Lockheed Wins $1.3 billion F-16 Contract

June 19, 2000 (by Lieven Dewitte) - Lockheed Martin is being awarded a $1. 34 billion firm-fixed-price contract to provide 50 F-16 planes to Greece, associated Alternate Mission Equipment, and ferry preparation. The contract was for 34-C and 17-D aircraft models and will be paid by the United States as part of its foreign military sales program.

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The work is expected to be completed by April 2004.