Lockheed Martin Receives Initial $187 Million Contract to Produce 30 New F-16s for Turkey

    FORT WORTH, Texas, July 30 /PRNewswire-FirstCall/ -- The U.S.
 government has awarded an initial $187 million for long-lead tasks as part
 of a $1.1 billion contract to Lockheed Martin ( LMT) for the
 production of 30 new Advanced Block 50 F-16 aircraft for Turkey.
     "This is a great day for Lockheed Martin and a testament to the
 commitment we have made to the government of Turkey. We remain committed to
 providing our customer with the most technologically advanced multirole
 fighter available today," said John Larson, vice president, Lockheed Martin
 F-16 programs. "This marks the 52nd follow-on buy of F-16s by 14 repeat
 customers. The aircraft we will deliver to Turkey will join the fleet of
 over 4,300 F-16s representing 24 nations."
     Earlier this year, the governments of Turkey and the United States
 signed a Letter of Offer and Acceptance (LOA) agreeing to the purchase of
 30 Block 50 F-16s.
     The new aircraft will supplement the Turkish Air Force's (TUAF)
 existing fleet of F-16s and contribute to the upgrade and modernization of
 the TUAF. The new aircraft include the same advanced systems being
 installed on Turkey's existing F-16 fleet as part of an on-going upgrade
 program. At the conclusion of these two programs all Turkish F-16s will be
 in a common, state-of-the-art configuration. The final Turkish F-16 under
 this contract will be delivered in 2013.
     "Our company and employees take great pride in producing and sustaining
 the F-16 and look forward to doing so for many years to come," Larson said.
 "We value our partnership with the government of Turkey and the confidence
 they have placed in the F-16 in support of their nation's security."
     Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000
 people worldwide and is principally engaged in the research, design,
 development, manufacture, integration and sustainment of advanced
 technology systems, products and services. The corporation reported 2006
 sales of $39.6 billion.
     For additional information, visit our Web site:
 http://www.lockheedmartin.com
     F-16 is a registered trademark of Lockheed Martin Corp.
 
 

SOURCE Lockheed Martin Aeronautics Company