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Lockheed Martin awarded $400 mln F-16 equipment contract

Lockheed Martin Corp., the world's largest defense company, won a $400 million US Air Force contract to supply equipment to US allies that bought F-16 jet fighters.

The countries that have purchased F-16s through the US government include Chile, Greece, Israel, Jordan, Oman, Poland, Taiwan, Turkey and Pakistan, the Defense Department said in a statement yesterday. The contract, which did not specify the types of F-16s or support equipment involved, runs through March 2012. Separately, Lockheed Martin Corp. won a $248 million contract to support the F-22 fighter jet program for the US Air Force. Shares of Bethesda, Maryland-based Lockheed fell 29 cents to $96.89 at 4:25 p.m. in New York Stock Exchange composite trading. They have risen 32% in the last year. (Bloomberg)