For Lockheed's F-16 fighter, still buyers after all these years
The end of the line for the F-16 jet fighter is set to go on receding, the top executive of manufacturer Lockheed Martin Corp (LMT) said on Thursday.
"We've been having that conversation for over a decade," Chief Executive Robert Stevens said in an interview.
Pressed on his current expectation when it would close, he shot back: "We'll have that conversation for over a decade." A
s recently as last year, the last jet had been projected to emerge from the company's Fort Worth, Texas, plant by mid-2013 unless new export orders came. They did.
Lockheed is now building F-16s for Egypt, Oman and Iraq - enough to keep the line going until at least January 2016, Joseph LaMarca, a company spokesman, said by email.
More than 4,500 F-16s have been delivered to 26 nations since production began in 1975. Major upgrades to all F-16 versions are being offered by Lockheed, the Pentagon's No. 1 supplier by sales. Stevens said he expected continuing demand for the F-16 even as customers start to trade up to Lockheed's radar-evading F-35 Joint Strike Fighter, now in early production.Comment: I like LMT as an investment. Pays a 5% dividend.
Lockheed Martin F-16 site. Wiki F-16