Page last updated at 12:20 GMT, Wednesday, 23 December 2009

Lockheed secures $842m Morocco contract

An F-16 figher
The F-16 is used by air forces across the world

US defence group Lockheed Martin has won a contract worth $841.9m (£528.2m) to supply Morocco with 24 F-16 fighter aircraft and support equipment.

The contract builds on a smaller deal struck by the two partners last year.

Lockheed beat France's Dassault Aviation, which makes the Rafaele jet fighter, to the contract.

The F-16 is one the world's most popular fighter jets. More than 4,300 have been produced for 24 countries across the globe.

These include Belgium, Chile, Egypt, Israel, Poland and Thailand.

"This contract represents a big strategic win for Lockheed Martin - export sales to North Africa have often been mentioned and this is a move that will ensure the company gains a foothold in a growing market," said Saj Ahmad, aerospace analyst with Gerson Lehrman Group.

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FROM OTHER NEWS SITES $842M Deal: Lockheed To Build 24 F-16s For Morocco - 33 hrs ago
Business Report Lockheed wins R6.5 billion Morocco contract - 36 hrs ago
AFP via Yahoo! Lockheed wins $841.9 million Morocco jet deal - 36 hrs ago
Times Online France spurns domestic group for BAE vehicles - 37 hrs ago
France24 Lockheed wins 841.9 million dollar Morocco F-16 deal - 41 hrs ago

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