Monday, 24 December 2018

Lockheed Martin awarded a $997 million contract for upgrades of 84 F-16 aircraft to the V-configuration from Greece


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Lockheed Martin Corp., Fort Worth, Texas, has been awarded a $996,775,000 firm-fixed-price contract for F-16 upgrades.  This contract provides for the upgrade of 84 F-16 aircraft to the V-configuration.  Work will be performed in Fort Worth, Texas; and Athens, Greece, and is expected to be completed by June 30, 2027.  This contract involves 100 percent Foreign Military Sales (FMS) to the government of Greece.  This award is the result of a sole-source acquisition. FMS funds in the amount of $488,419,750 are being obligated at the time of award.  Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity (FA8615-19-C-6050).

Source: dod.defense.gov

Greece approves F-16 fighter jet upgrade deal with the United States

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