JUN 25, 2018: Lockheed Martin has been awarded a contract for F-16 production for the kingdom of Bahrain.
The deal, announced Friday by the Department of Defense, is valued at more than $1.124 billion under the terms of a fixed-price-incentive-firm contract that enables Lockheed Martin to provide 16 F-16 V Block 70 aircraft, according to the Pentagon.
The F-16 Fighting Falcon is a single-engine, multi-role fighter jet that is primarily used for air-to-air and air-to-surface missions, according to the U.S. Air Force. The Block 70 version of the aircraft is the most modern version of the fighter jet.
The period of performance on the contract will expire in September 2023.
More than $551 million will be obligated to Lockheed Martin at time of award — the funds will be allocated from foreign military sale (FMS) funds.
Bahrain is also set to receive advanced medium range air-to-air missiles, or AMRAAMs and their support systems, with work on the $634 million contract awarded to Raytheon in December is set to be completed by Jan. 31, 2020.
Other countries included in the firm-fixed-price contract include Qatar, Turkey and Morocco in the Middle East, including Japan, Korea, Poland, Indonesia, Romania and Spain.