BAE Systems Inc. has confirmed its contract with South Korea to upgrade 130 of that country’s F-16 fighter jets for a reported $1.1 billion.
The British contractor’s U.S. subsidiary said its support solutions business will receive a letter of request from the South Korean government to serve as the sole source systems integration contractor.
Dave Herr, president of support solutions, said the contract is part of the company’s international strategy involving its aircraft upgrade and modification business.
According to the company, the F-16 avionics upgrade market is worth more than $3 billion worldwide covering more than 3,000 aircraft.
The company will provide South Korea systems engineering and integration, software and electronics engineering, obsolescence management and logistics support through a foreign military sales agreement.
BAE says it has provided F-16 flight control systems and ground support since the 1970s and currently provides nearly 40 percent of the mission equipment in the F-16 fleet worldwide, including a commercial fire control computer.