Lockheed Martin has enough orders to keep producing F-16 fighter jets through the third quarter of 2017, with plans to extend through 2020.
Lockheed Martin has enough orders to keep producing F-16 fighter jets through the third quarter of 2017, with plans to extend through 2020.

Lockheed Hopes to Produce F-16s Through 2020

Lockheed Martin has enough orders to keep producing F-16 fighter jets through the third quarter of 2017, with plans to extend through 2020.

Lockheed Martin has enough orders to keep producing F-16 fighter jets through the third quarter of 2017, with plans to get additional orders that would enable the company to make F-16s through 2020, at which point customers will opt for the newer F-35 stealth fighter due to a decrease in cost.

Bill McHenry, Lockheed’s head of F-16 business development, said the company is currently focusing on F-16 sales and upgrades in markets like the Middle East and South America.

“We wake up every day and go out and do what we can,” he said. “But there’s a crossover point out there … sometime in the 2020 timeframe, where it’ll make more sense to procure F-35s than F-16s.”

Since the program began in 1975, Lockheed has produced over 4,500 F-16s. The jets are used by 26 countries around the world. Lockheed has produced 100 F-35s thus far.

Read more at: http://www.reuters.com/article/2013/12/14/us-lockheed-f-idUSBRE9BD02620131214

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