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Dec 27
2019

Lockheed Martin to upgrade Greece’s F-16 fighter jets

The Greek government has awarded a $280 million contract to Lockheed Martin Corporation to upgrade its F-16 fighter jet fleet over the next seven years, according to media reports. The DW has reported that Lockheed Martin and Greece signed the deal this week after finalizing details on Lockheed’s use of a Greek subcontractor.

The defense minister, Nikos Panagiotopoulos, told parliament earlier this month that 84 F-16 jets would be upgraded by 2027 to the advanced-tech Viper class in a program estimated at $1.5 billion. He said the speed of the upgrade would be determined by how many aircraft are required to remain in active service. Currently, Greece boasts about a fleet of some 150 F-16 fighters.

The U.S. State Department approved the potential deal in 2017, saying it advanced U.S. objectives “by helping to improve the security of a NATO ally which is an important partner for political stability and economic progress in Europe.”

Source: defence-blog.com