Lockheed sees F-16 fighter jet production continuing through
2020
Dec 13 (Reuters) - Lockheed Martin Corp has enough
orders to keep its F-16 fighter jet production line humming through the third
quarter of 2017, and hopes to land additional orders that would keep the line
running through 2020, company executives say.
Around that time, the cost
of Lockheed's new F-35 stealth fighter will have dropped so far that potential
customers will likely opt for the newer jet, Bill McHenry, Lockheed's head of
F-16 business development, told Reuters in a recent interview.
But for
now, the company is continuing to pursue potential F-16 sales and upgrades in
the Middle East, South America and other markets, he said.
"We wake up
every day and go out and do what we can," he said. "But there's a crossover
point out there ... sometime in the 2020 timeframe, where it'll make more sense
to procure F-35s than F-16s." Lockheed on Friday marked completion of its 100th
F-35 fighter.
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