Egypt requests 24 F16 fighters

2253

Egypt has requested the US to supply it 24 new Lockheed Martin F16 Block 52 fighter aircraft to upgrade its existing fleet.

News service Bloomberg says Lockheed Martin CE Robert Stevens late last month told the Sanford C. Bernstein Strategic Decisions Conference in New York that the “case in Egypt is unfolding.

“As you fly these airplanes in operations, there is ordinary attrition that occurs,” he said.

Egypt has been flying the F-16 since 1982, and received 220 of the aircraft by 2002 (

42 Block 15 F-16A/B, 40 Block 32 F-16C/D and 138 Block 40 F-16C/D).

Peter Arment, an analyst with Broadpoint AmTech in Greenwich, Connecticut told Bloomberg an order for 24 of the latest generation aircraft could be worth about $1 billion, excluding any support contract.

“The number of F-16s acquired on the international market remains very healthy and will keep production running into the middle of the next decade,” Arment said. The wikipedia notes 4400 have been built since 1976. The aircraft is flown by 25 air forces.



“The F-16 is a very mature production program. They have healthy margin performance on this program so any additional orders allow Lockheed to continue to build momentum for higher earnings growth.”