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Lockheed Completes Oft-Delayed F-16 Deal with United Arab Emirates.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, March, 2000 by Fairbank, Katie
Mar. 6--The United Arab Emirates ended two years of negotiations Sunday and signed a contract order with Lockheed Martin Corp. for 80 F-16 fighter jets worth $6.4 billion to be built in Fort Worth and delivered between 2004 and 2007.
The deal -- which Congress must still approve in the next few months -- is a much-needed boon for Lockheed Martin's aeronautics division, which has limped along the last several months awaiting foreign orders.
"This will bring an enormous amount of work to Fort Worth," said Ralph Heath, vice president for operations. "In the near term, this will mean work for a large number of engineers; later it will be the production line."
More work, but not more jobs.
The Fort Worth plant has had a dip in orders for...
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