By Prashanth Parameswaran
$914 million contract confirms the firm will help the city-state modernize its aging fleet.
Earlier this week, the U.S. Department of Defense announced that Lockheed Martin had won a $914 million contract to upgrade Singapore’s air force’s F-16 aircraft.
While the Republic of Singapore Air Force (RSAF) has long been looking to upgrade its aging fleet of F-16s from the 1990s with new and advanced capabilities, there had not been public confirmation about which company would be awarded the contract up to this point. The Pentagon contract announcement, issued December 1, confirms that Lockheed Martin has been selected. This comes as little surprise considering the firm’s decades-long partnership with the city-state on the F-16s program.
According to the announcement, the fixed-price incentive and cost-plus contract, awarded under the U.S. Foreign Military Sale (FMS) mechanism, is expected to be completed by June 30, 2023.
Read the full story at The Diplomat