USAF, Lockheed finalizing $62B contract to sell allies commoditized F-16 jets

By Sara Sirota / April 20, 2020 at 2:56 PM
The Air Force's F-16 program office is finalizing a contract worth up to $62 billion with Lockheed Martin to provide foreign partners a standard version of the advanced Block 70/72 Viper variant -- starting with Morocco and Taiwan. The indefinite-delivery, indefinite-quantity deal is the first of its kind for the F-16 program and part of a new commoditization approach to foreign military sales. The idea is to put customers on contract for more affordable fighter jets quickly and then add...

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