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BAE Systems Tops Lockheed Martin For South Korea’s F-16 Avionics Upgrade Effort

Friday, August 10th, 2012

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BAE Systems beat out Lockheed Martin [LMT] on South Korea’s program to upgrade the avionics and electronic systems on its F-16 fleet. BAE Systems said recently South Korea will deliver a Letter of Request (LOR) for the company to be the sole source systems integrator for upgrading more than 130 F-16s, which will be contracted through the Pentagon’s Foreign Military Sales program. The company said in a statement its upgrade solution includes the Commercial Fire Control computer, which it says…

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