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July 26, 2000 (by Lieven Dewitte) - Lockheed Martin will supply a South Korean company with the parts and materials needed to build 20 new block 52 F-16 aircraft in a deal worth $700 million.

Lockheed Martin will license Korean Aerospace Industries (KAI) to build the planes for the South Korean government.

The 20 new production F-16s will be the same configuration as the original Korean Fighter Program. Key elements of the configuration include:

• F100-PW-229 Improved Performance Engine
  
• ASPJ internal countermeasures system
  
• APG-68 (V)7 radar
  
• LANTIRN targeting and navigation system
  
• AMRAAM radar missile capability
  
• HARM missile capability
  
• SLAM anti-ship missile capability
  
• Advanced Identification Friend or Foe

First delivery will occur 36 months after contract signature in July 2003. Total program value is $700 million, of which $300 million is

and $400 million is commercial.

The first completed plane is scheduled to be delivered on July 2003.