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Lockheed Martin Receives $62 Billion Deal For F-16 Foreign Military Sales

By Matthew Beinart

Friday, August 14th, 2020

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Lockheed Martin Receives $62 Billion Deal For F-16 Foreign Military Sales

Lockheed Martin's F-16 fighter contributed to sales and earnings gains in the fourth quarter. Photo: Lockheed Martin

Lockheed Martin [LMT] has received a 10-year, $62 billion contract to deliver F-16 aircraft for foreign military sales, the Pentagon said Friday. The contract includes an initial delivery order worth nearly $5 billion and covering 90 aircraft. The announcement doesn’t specify which countries will be receiving the F-16s. However, the State Department last August approved an $8 billion deal with Taiwan for 66 F-16C/D Block 70 aircraft (Defense Daily, Oct. 7 2019). The State Department also approved a $3.8 billion…

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