DTN News - SOUTH KOREA DEFENSE NEWS: South Korea Has Selected BAE Systems To Upgrade The Avionics And Electronic Systems For Its Fleet of F-16 Aircraft
(NSI News Source Info) TORONTO, Canada - September 10, 2012: The Korean Government will deliver a Letter of Request (LOR) for BAE Systems’ U.S.-based Support Solutions business to be the sole source systems integration contractor for upgrading more than 130 F-16s. The work will be contracted through the U.S. Department of Defense’s Foreign Military Sales program.
“This is a strategic international win for us, significantly expanding our aircraft upgrade and modification business,” said Dave Herr, president of BAE Systems Support Solutions. “We have extensive capabilities that span across BAE Systems, and I am confident that our team offers the best value to the customer.”
The total estimated addressable market for F-16 avionics upgrades is valued at greater than $3 billion internationally, covering more than 3,000 aircraft.
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