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Lockheed Martin Lands $512M Air Force Contract to Build F-16 Block 70 Aircraft

Lockheed Martin Lands $512M Air Force Contract to Build F-16 Block 70 Aircraft

The U.S. Air Force has awarded Texas-based Lockheed Martin Aeronautics a $512M firm-fixed-price contract to manufacture eight F-16 Block 70 aircraft to be delivered to Bulgaria.

Lockheed will perform work in Fort Worth, Texas, and Greenville, South Carolina, through Jan. 31, 2027.

The contract value includes pre-priced options worth $4.18M, the Department of Defense said.

The contract award was funded solely from foreign military sales to Bulgaria. About $507.8M in FMS funds are being obligated at the time of award.

The Air Force Life Cycle Management Center, Wright-Patterson Air Force Base in Ohio is the contracting activity.

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Category: Contract Vehicles

Tags: Air Force Life Cycle Management Center Contract Vehicles Defense.gov Department of Defense F-16 Block 70 Foreign Military Sales Lockheed Martin Aeronautics U.S. Air Force