Lockheed Martin has been awarded a $1.2 billion contract to upgrade F-16 aircraft for the Republic of Korea.
Work is expected to be complete by Nov. 15, 2025. This contract is 100 percent foreign military sales to the Republic of Korea, the US department of defense said in a release Saturday.
This award is the result of a sole-source acquisition. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
The project, which was originally contracted to BAE Systems in 2012, was put on hold after the company sought additional funds.
South Korea has also replaced Raytheon with Northrop Grumman to supply active electronically scanned radar (AESA) for the fighter jet.
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Lockheed Martin's first modernized Tactical Missile System (TACMS) missile completed a successful first flight test at White Sands Missile Range, New Mexico. The missile was launched from a High Mobility Artillery Rocket System (HIMARS) launcher at a target area more than 130 kilometers away, precisely hitting the target with a proximity sensor-enabled detonation
Lockheed Martin has offered to manufacture over 30 aircraft a year in its proposed Indian facility, one of its most ambitious fighter aircraft production ventures outside the United States. Lockheed executives briefing
Lockheed Martin built fifth Mobile User Objective System (MUOS) satellite has reached orbit, deploying its solar arrays and antennas. The satellite system, which is built for US navy, is beginning pre-operational, on-orbit testing, the company announced today
South Korea Marine Corps will replace all of its static 90mm coastal defense guns with new 70mm Low-Cost Guided Imaging Rocket (LOGIR) to allow its troop to better counter seaborne threats from North. The new weapons will be deployed by the end of the year, 2017
Lockheed Martin has won a $450 million contract for low-rate initial production Lot 10 F-35 Lightning II advance acquisition for South Korea. This modification continues the integration work to implement the development and delivery of the F-35A Air System to the Republic of Korea under the Foreign Military Sales program, US department of defense said in a statement Thursday
South Koreas F-16 fighter jets will be upgraded with GBU-31 Joint Direct Attack Munition (JDAM) and AIM-120 mid-range air-to-air missiles, capable of hitting North Korea's underground targets and downing combat jets. JDAM can hit underground military facilities and neutralize the North Korean leadership in the event of an emergency, and AIM-120 missiles have a range of 50 to 180 kilometers that can shoot down combat jets at long range, Yonhap reports
A South Korean Pilot edged past other pilots in hitting a target with a diameter of less than four meters placed on the ground while his F-15K jet was flying at an altitude of around 6 Kms to become the Air Forces ‘Top Gun. Maj
Pelatron Technologies has been awarded the US Air Force contract worth $22 million to provide engineering support for F-16 systems programs. “Pelatron Technologies LLC, Lindon, Utah, has been awarded a $22,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for F-16 systems program office support,” the US Department of Defense announced Thursday
Lockheed Martin has conducted initial test flight of T-50A aircraft earlier last month. The T-50A was announced as the official Lockheed Martin/Korea Aerospace Industries (KAI) offering for the U
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