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Lockheed Martin Locks Up $1.2 Billion Korean F-16 Upgrade Deal

Dan Parsons By
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Lockheed Martin Locks Up $1.2 Billion Korean F-16 Upgrade Deal
Aerospace Welding supports a number of military aircraft including the F-16 fighter. Photo: Lockheed Martin.

Lockheed Martin [LMT] officially brought home the $1.2 billion contract to upgrade a portion of South Korea’s F-16 fleet it has long coveted.The deal covers radar, avionics and flight-control upgrades for 134 of the South Korean Air Force’s 170 KF-16C/D Block 50 and 52 fighter jets. The upgrades are based on the advanced F-16V configuration, which incorporates an active electronically scanned array (AESA) radar, a modern commercial off-the-shelf (COTS)-based avionics subsystem, a large-format, high-resolution center pedestal display and a high-volume…

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