Lockheed Martin (NYSE: LMT) has reported it has received a contract from the US government to produce 16 new F-16 Block 70 aircraft for the Royal Bahraini Air Force in a deal valued at USD 1.2bn, the company said.
The Undefinitized Contract Action award represents the first F-16 Block 70 sale and the first F-16 production program to be performed in Greenville, South Carolina.
The Kingdom of Bahrain is the first customer to procure the F-16 Block 70, the newest and most advanced F-16 production configuration.
Lockheed Martin expects F-16 production to create between 150 and 200 new jobs in Greenville. F-16 production also supports hundreds of U.S.-based Lockheed Martin engineering, procurement, sustainment and customer support jobs and thousands of U.S. supplier jobs. The F-16 supply chain is currently supported by 450 U.S. suppliers in 42 states.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.