WASHINGTON (GDC) — Lockheed Martin anticipates another wave of international F-16 sales, with countries from Africa, South America and Southeast Asia among those interested in purchasing the jet, the company’s chief financial officer said Tuesday.
“I think this is a good fourth-generation aircraft for those customers that can’t afford the F-35 or, frankly, can’t at this time buy the F-35,” Lockheed CFO Kenneth Possenriede told investors during an April 21 earnings call. “It might be a good intermediary step for customers to go from the F-16 to F-35. So we see it frankly as complementary and not competing against themselves.”
The company moved production of the F-16 production line from Fort Worth, Texas, to Greenville, South Carolina, in 2019 to accommodate production of 16 Block 70 aircraft for Bahrain. Since Bahrain’s order in 2018, Lockheed has garnered contracts for eight F-16s for Bulgaria, 14 aircraft for Slovakia, and is working with the U.S. government on a sale of 66 jets for Taiwan.
“We also have a couple of orders for F-16 that we’re working to try to shape,” Possenriede said. “There is an African country that is interested in F-16, so we’re hopeful that will happen. There is also a South American country, and then there are some Southeast Asian countries that are interested in F-16 as well.”
Possenriede didn’t detail which nations were considering purchases of the F-16, as defense companies typically wait until international militaries publicly declare their interest in a sale before talking about specific customers.
If a new customer in Africa is looking to buy F-16s, it could be Botswana, which has indicated an interest in buying fighter jets, Aboulafia said. Lockheed has already sold F-16s to Morocco and Egypt, and the U.S. State Department in 2019 cleared Morocco for new F-16s and upgrades. The U.S. State Department in 2019 cleared Pakistan for upgrading F-16C/D aircraft to Block 70 standard worth $1.2 billion.
In South America, Lockheed has been trying to sell F-16s to Argentina for years, but Aboulafia believes a second order for Chile is a more likely prospect. In Southeast Asia, a sale to Indonesia “would seem to be one of the most likely possibilities,” he added.
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