"Lockheed Martin Receives Contract to Start Upgrade Program for Turkey's F-16s
Wednesday July 20, 12:33 pm ET
FORT WORTH, Texas, July 20 /PRNewswire-FirstCall/ -- Lockheed Martin (NYSE: LMT - News) received a long-lead contract, valued at approximately $67.7 million, from the U.S. Air Force to begin development of a major systems upgrade of Turkish Air Force F-16 aircraft. The total contract is valued at approximately $800 million and is expected to be issued in mid-2006.
The upgrade program will create a robust, common avionics configuration for the Turkish Air Force's F-16 Block 40 and Block 50 aircraft, plus a modest modification to their Block 30 aircraft."
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