# Lockheed Martin wins $1.2B contract to upgrade ROKAF F-16 fleet

Lockheed Martin was awarded a $1.2 billion contract to upgrade 134 Republic of Korea Air Force F-16C/D fighters. Work has commenced on the first two aircraft at Lockheed Martin's Fort Worth, Texas facilities, with completion expected by November 2025.

- Type: Contract
- Announced: 2016-11-18
- Where: Fort Worth, Texas, United States
- Value: $1.20B
- Status: under construction
- Products: F-16C/D fighter upgrade
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Lockheed Martin](https://endata.com/companies/6612.md)
- [Republic of Korea Air Force](https://endata.com/companies/20263.md) (customer)

## Sources

- [asianmilitaryreview.com](https://www.asianmilitaryreview.com/2016/11/work-kicks-off-on-korean-falcon-upgrade/), 2016-11-30: "The news follows the announcement on 18 November that the firm had won a contract worth $1.2 billion to upgrade the Republic of Korea Air Force (ROKAF) F-16C/D fleet."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.