http://www.globes.co.il/serveEN/globes/docView.asp?did=546906&fid=942
Israel orders 52 F-16 aircraft from Lockheed Martin Aeronautics
Globes correspondent 20.12.2001 18:22
Lockheed Martin Aeronautics today announced it had received a contract
for 52 F-16 aircraft for Israel on Dec. 19, 2001. The contract
significantly extends the F-16 production base.
The Foreign Military Sales (FMS) contract for Israel officially
exercises the option for 52 additional F-16I aircraft under the Peace
Marble V program. Lockheed Martin's contract value for the option is
$1.3 billion out of a total program value of approximately $2 billion.
"This contract is very important to us for a number of reasons," said
Dain M. Hancock, president of Lockheed Martin Aeronautics. "It
completes the deal for a very important customer, it extends the firm
F-16 production base through 2008 and it boosts our firm orders for
2001. This buy provides an excellent base for future F-16 sales and
provides a solid bridge to JSF production at our Fort Worth facility."
The aircraft will be the same two-seat F-16I configuration as the
original 50 aircraft ordered in the Peace Marble V program, which
began in January 2000. This brings the total of F-16Is on order to
102. The first F-16I will deliver in 2003. All aircraft will be
assembled at the Lockheed Martin Aeronautics facility in Fort Worth,
but there will be significant coproduction of airframe and avionics
components in Israel.
During the Paris Air Show in June, Israel had announced its intent to
exercise the option and in September signed the letter of offer and
acceptance (LOA) with the U.S. government.
This is Israel's sixth buy of F-16s. There are now a total of 48
follow- on
buys of new F-16s by 14 countries.
Lockheed Martin Aeronautics Co. is a leader in the design,
development, systems integration, production and support of advanced
military aircraft and related technologies. Its customers include the
military services of the United States and allied countries throughout
the world. Products include the F-16, F-22, F-35, F-117, C-5, C-27J,
C-130, P-3 and U-2.
Published by Israel's Business Arena on 20 December 2001
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