November 11, 2013
After winning a landmark program that could lead to many billions of dollars of business, it would be a shame to let the schedule slip. With that in mind, BAE Systems has begun working on the modernization of 134 South Korean F-16s—without a contract in its pocket.
The agreement should be signed by the end of the year, says BAE, which has pulled off the considerable feat of elbowing into a business that F-16 manufacturer Lockheed Martin once regarded as its turf. Raytheon, another F-16 interloper and the major supplier in BAE's prime contract, has meanwhile lined up 20% local production of its RACR electronically scanned radar. The U.S. company also says its deals are close to signature.