Dave Herr: BAE Looks to Increase Share of $3B F-16 Upgrade Market

Dave Herr

Dave Herr

BAE Systems said it is making moves to increase its share of the $3 billion global market for F-16 fighter jet upgrades.

The contractor generated optimism from its 2012 contract win to refurbish 130 South Korean jets.

“We’re looking at potentially where to take this next,” said Dave Herr, president of BAE’s support solutions business. “It’s a big opportunity for us.”

Kevin Brancato, a Washington-based defense analyst at Bloomberg Government, said that competition in the arms market has increased as a result of U.S. and European economic hardship.

The upgrade market has been bolstered by a total of 2,200 foreign sales of the jets to countries including Egypt, Turkey, Greece, Thailand and Chile.

Share this story...Tweet about this on Twitter2Share on LinkedIn1Share on Facebook0Share on Google+0Email this to someone
Filed in: General, News Tags: , , , , , ,

You might like:

Eastern Foundry, BAE, Booz Allen to Pilot GovCon Certification for Small Businesses Eastern Foundry, BAE, Booz Allen to Pilot GovCon Certification for Small Businesses
Strategic Defense Intelligence Report Forecasts Global UAV Market 6% CAGR Through 2025 Strategic Defense Intelligence Report Forecasts Global UAV Market 6% CAGR Through 2025
Research and Markets: Asia Pacific to Dominate Global Military Rotorcraft Spending by 2025 Research and Markets: Asia Pacific to Dominate Global Military Rotorcraft Spending by 2025
US Manufacturers Eye Middle East for Drone Export Sales US Manufacturers Eye Middle East for Drone Export Sales
© 2015 ExecutiveBiz. All rights reserved.