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Israel to Buy 52 F-16 Fighter Jets from Texas-Based Lockheed Martin Unit.
Knight Ridder/Tribune Business News, December, 2001
By Katie Fairbank, The Dallas Morning News Knight Ridder/Tribune Business News
Dec. 21--Lockheed Martin Aeronautics Co. said Thursday that Israel has exercised an option to purchase 52 F-16 fighter jets.
The value of the contract for the Fort Worth-based division of Lockheed Martin Corp. is $1.3 billion out of a total program value of about $2 billion.
The deal -- Israel's sixth purchase of F-16s -- will extend the production base at the company's Fort Worth plant through 2008 and help stabilize the 11,500-member workforce there.
"This buy provides an excellent base for future F-16 sales and provides a solid bridge to JSF production at our Fort Worth facility," said Dain M. Hancock, president of Lockheed Martin Aeronautics....
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