Lockheed Selling 18 F-16 Fighter Jets to Iraq
Of 19 contracts -- and $2.8 billion -- awarded by the Defense Department Tuesday, some companies made out better than others. Lockheed Martin , the biggest defense contractor on the globe, was one of the biggest winners Tuesday, snagging a huge $830 million modification to a foreign military sales contract, instructing it to produce and sell to Iraq 18 F-16 fighter jets for the local air force.
Support equipment, technical orders, integrated logistics support, contractor logistics support, and an electronic warfare system will all be part and parcel of the planes purchase, and Lockheed will work fast on this one. The anticipated date for delivery of the aircraft is April 30, 2014.
linkF-16s. Source: Wikimedia.
The article Lockheed Selling 18 F-16 Fighter Jets to Iraq originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.