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Lockheed to Provide Iraqi Govt. with F-16 Aircraft Under $835M Air Force Contract

The U.S. Air Force has awarded Lockheed Martin Corp. (NYSE: LMT) an $835 million contract to provide the Iraqi government with 18 F-16 aircraft under a foreign military sales program.

According to a Defense Department announcement, Lockheed will also provide:

  • support equipment
  • technical orders
  • integrated logistics support
  • contractor logistics support

Work under the firm-fixed-price, time-and-material and cost-plus-fixed-fee contract is expected to be completed by May 30, 2018.

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