Lockheed Martin wins contract for upgrade of Singapore F-16s
[WASHINGTON] Lockheed Martin Corp has been awarded a contract worth US$914 million to upgrade Singapore's F-16 aircraft, the Pentagon said on Tuesday.
The work is expected to be complete by the middle of 2023 and was a result of a sole source acquisition, the US Department of Defense said in its daily digest of major contract awards.
It was unclear how many aircraft would be upgraded.
In 2014, the Defense Department notified Congress that it had approved the sale to Singapore of upgrades for 60 F-16 fighter jets.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India's Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise