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Lockheed Martin Awarded Contract To Upgrade Taiwan F-16

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The Defense Department awarded Lockheed Martin [LMT] a contract worth up to $1.85 billion recently to upgrade 145 of Taiwan’s Block 20 F-16A/B fighter jets, according to a company statement. This retrofit program will include the addition of an Active Electronically Scanned Array (AESA) radar, embedded global positioning and upgrades to the electronic warfare and other avionics systems. Lockheed Martin spokesman B.J. Boiling said recently in an email the company will act as the prime contractor for the AESA radar…

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