Military and Commercial Technology: EAB lands multimillion-dollar contracts with Lockheed Martin

Steve Cooke

EAB lands multimillion-dollar contracts with Lockheed Martin | eKathimerini.com:

27.02.2022 • 21:08

The Hellenic Aerospace Industry (EAB) said on Friday it had signed two contracts worth 118.6 million euros with Lockheed Martin Aeronautics for the joint production of F-16 fighter jets for Lockheed Martin clients.

The two parties also signed a contract for the upgrading of the Hellenic Air Force’s F-16s to Viper level, budgeted at $97.5 million.

That means EAB has undertaken Lockheed Martin projects worth a total of $233.9 million.

EAB said these projects show the confidence Lockheed Martin has in it regarding its quality and reliability, and put the local aerospace industry competitive on a global level.

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