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South Korea Requests $2.5 Billion KF-16 Upgrades

Friday, July 17th, 2015

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The State Department approved a possible $2.5 billion Foreign Military Sale (FMS) request to South Korea for the KF-16 Upgrade Program and associated equipment, parts and logistical support.The Defense Security Cooperation Agency (DSCA) notified Congress of the potential sale on July 14.The primary contractors would be Lockheed Martin [LMT] and Northrop Grumman [NOC]. The purchaser requested offsets, which would be defined in further negotiations between the purchaser and contractor.The requested FMS would include the upgrade of 134 KF-16C/D Block 52…

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