Lockheed Martin wins $1.2 billion U.S. defense contract: Pentagon

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Lockheed Martin wins $1.2 billion U.S. defense contract: Pentagon




WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) subsidiary Lockheed Martin Aeronautics Co has been awarded a $1.2 billion contract to upgrade F-16 aircraft for South Korea, the Pentagon said on Friday.


A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls/File Photo




Work will be performed at Fort Worth, Texas, and is expected to be complete by Nov. 15, 2025, the Pentagon said in a statement.


Reporting by Eric Walsh; Editing by Eric Beech


Source: Reuters