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--- Begin Message --- Israel to Buy 52 More F - 16 Fighters
By THE ASSOCIATED PRESS
Filed at 3:24 p.m. ET
FORT WORTH, Texas (AP) -- Lockheed Martin Aeronautics Co. said Thursday that
Israel has agreed to buy 52 additional F-16 fighter jets, exercising a $1.3
billion option under a contract signed last year.
Israel ordered 50 of the 2-seat fighters last year and said in June that it
intended to exercise the option for additional planes.
The aeronautics company, a unit of Bethesda, Md.-based Lockheed Martin Corp. said Israel will pay the U.S. government $2 billion for the additional jets, of which Lockheed Martin will get $1.3 billion. The company said the aircraft will be assembled at its Fort Worth plant but airframe and avionics components will be produced in Israel.
The first F-16I -- the I stands for Israel -- is scheduled to be delivered in
2003, the company said. Shares of Lockheed rose 18 cents to $45.89 in
afternoon trading on the New York Stock Exchange.
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