The news of Lockheed Martin winning a $177m contract to support the Chilean/Fuerza Aérea de Chile F-16 M6.6 Operational Flight Programme and Systems Upgrade is music to the ears of the Chilean military. The contract, set to enhance the operational capabilities of the Chilean military’s F-16 fleet, comes at a time when the defence budget of the country is on the rebound. It is projected that the defence budget of the government will reach $2.6 billion by 2028. The contract awarded to Lockheed Martin is set to include delivering a range of services and materials designed to modernise and enhance the F-16 aircraft. This includes new systems, upgraded navigation, avionics, communications and weapons capabilities. Not only will this help to ensure that the plane is up to date with current technologies, but it will also help to maintain the aircraft’s performance and reliability. The contract is scheduled for completion by November 30, 2032.
The contract comes as part of a larger strategy to strengthen the capabilities of the Chilean military. It is a sign that the country is taking the necessary steps to ensure its air force is well-equipped and capable of responding to any threat. It is also a sign of the country’s commitment to its defence budget, projected to reach $2.6 billion by 2028. This contract is a big win for Lockheed Martin, which has been at the forefront of the aerospace industry for many years. It is also a win for the Chilean military, which will benefit from the enhanced capabilities of its F-16 fleet. With the contract set for completion in 2032, the Chilean army will have access to the latest technologies for many years. #southamerica #chile #business #news
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