US/Taiwan formalize sale of F-16 jets

Bloomberg News has reported Taiwan has signed an agreement to acquire 66 F-16 jets built by Lockheed Martin Corp, the news source said.

Taiwan´s purchase of the F-16s marks the first sale of advanced fighter jets to the island since President George H.W. Bush announced approval for 150 F-16s in 1992.

In addition to Taiwan, Morocco is buying 24 F-16s jets in the first tranche of 90 aircraft that the Pentagon said was valued at USD 4.9 billion.

The new F-16s are being assembled at Lockheed´s new facility in Greenville, South Carolina, which opened in April 2019. The contracting mechanism used by the Pentagon will facilitate faster contract awards and greater pricing clarity for our foreign military partners.