Pentagon’s No.1 weapons provider Lockheed Martin Corp. has been awarded a $34 million modification to contract for the Republic of Korea’s F-16 plane life extension program.
The U.S. Division of Protection stated Friday that work shall be carried out within the Republic of Korea and is anticipated to be accomplished Aug. 15, 2026.
This award is the results of a sole-source acquisition. Overseas Army Gross sales within the full quantity shall be obligated on the time of award. Air Pressure Life Cycle Administration Middle, Wright-Patterson Air Pressure Base, Ohio, is the contracting exercise.
The Republic of Korea Air Pressure operates a complete of 180 F-16C/D plane, and was the second air pressure to fly the F-16C/D. South Korea has each block 30 and block 52 plane (regionally designated KF-16) in its stock, and is the fifth nation with an F-16 manufacturing line.
The F-16 Preventing Falcon is the world’s most profitable, combat-proven multi-role fighter with greater than 4,570 F-16s delivered. The F-16 at the moment serves because the workhorse of the fighter fleet for 25 nations all over the world.