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Defense-Update reports: The U.S. Air Force awarded Lockheed Martin Aeronautics a contract worth over US$1.2 Billion for the upgrading of 134 South Korean F-16 fighters. The Republic of Korea Air Force (RoKAF) plans to upgrade both the F-16C/D Block 50/52 fighter aircraft with brand new radar and avionics suite. The contracr negotiated is a fixed-price incentive-fee contract, […]
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