Lockheed Martin awarded $34M contract for Korea’s F-16 life extension

Pentagon’s No.1 weapons provider Lockheed Martin Corp. has been awarded a $34 million modification to contract for the Republic of Korea’s F-16 plane life extension program.

The U.S. Division of Protection stated Friday that work can be carried out within the Republic of Korea and is predicted to be accomplished Aug. 15, 2026.

This award is the results of a sole-source acquisition. International Army Gross sales within the full quantity can be obligated on the time of award. Air Drive Life Cycle Administration Heart, Wright-Patterson Air Drive Base, Ohio, is the contracting exercise.

The Republic of Korea Air Drive operates a complete of 180 F-16C/D plane, and was the second air pressure to fly the F-16C/D. South Korea has each block 30 and block 52 plane (domestically designated KF-16) in its stock, and is the fifth nation with an F-16 manufacturing line.

The F-16 Combating Falcon is the world’s most profitable, combat-proven multi-role fighter with greater than 4,570 F-16s delivered. The F-16 at the moment serves because the workhorse of the fighter fleet for 25 nations world wide.