This Article is From Mar 16, 2016

Lockheed Funding F-16 Fighter Supply Chain Until More Orders Come In

Lockheed Funding F-16 Fighter Supply Chain Until More Orders Come In

The US government has approved the sale of eight F-16 fighter jets to Pakistan.

Washington: Lockheed Martin Corp is using its own funding to keep the supply chain for F-16 fighter jets running until it receives additional orders beyond the Iraqi F-16 jets it is currently building, a top company official said Tuesday.

Orlando Carvalho, who heads Lockheed's Aeronautics division, told Reuters the cost of keeping the F-16 supply chain ready for further orders was "manageable," but gave no further details.

The US government has approved the sale of eight F-16 fighter jets to Pakistan, but funding for the aircraft and a timetable for a possible deal remain unclear.

Carvalho deferred questions about the Pakistan sale to the US government, which is overseeing the deal.

Bahrain, Colombia, Indonesia have also expressed interest in F-16 fighter jet orders, Carvalho said.

He said the US government was also in discussions with India about a possible sale of F-16s to India.
© Thomson Reuters 2016


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