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Lockheed secures Morocco contract | Lockheed secures Morocco contract |
(about 3 hours later) | |
US defence group Lockheed Martin has won a contract worth $841.9m (£528.2m) to supply Morocco with 24 F-16 fighter aircraft and support equipment. | US defence group Lockheed Martin has won a contract worth $841.9m (£528.2m) to supply Morocco with 24 F-16 fighter aircraft and support equipment. |
The contract builds on a smaller deal struck by the two partners last year. | The contract builds on a smaller deal struck by the two partners last year. |
Lockheed beat France's Dassault Aviation, which makes the Rafaele jet fighter, to the contract. | Lockheed beat France's Dassault Aviation, which makes the Rafaele jet fighter, to the contract. |
The F-16 is one the world's most popular fighter jets. More than 4,300 have been produced for 24 countries across the globe. | The F-16 is one the world's most popular fighter jets. More than 4,300 have been produced for 24 countries across the globe. |
These include Belgium, Chile, Egypt, Israel, Poland and Thailand. | These include Belgium, Chile, Egypt, Israel, Poland and Thailand. |
"This contract represents a big strategic win for Lockheed Martin - export sales to North Africa have often been mentioned and this is a move that will ensure the company gains a foothold in a growing market," said Saj Ahmad, aerospace analyst with Gerson Lehrman Group. |
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