Greece will buy 30 additional F-16 Block 52+ aircraft, with an option for an additional 10 aircraft, to augment its current fleet of F-16 fighters, according to Lockheed Martin officials. The deal for the 30 aircraft is worth $1.2 billion to Lockheed. The company must deliver the new fighters by 2009. That’s good news for the Fort Worth crowd.
The emphasis on speed in the Pentagon’s newly unveiled slate of acquisition reforms may come with increased near-term cost increases, analysts say. But according to U.S. defense officials, the new weapons-buying construct provides the military with enough flexibility to prevent runaway budget overruns in major programs.
