Lockheed to Provide South Korea Aircraft Supply Chain Services

Lockheed Martin has won three new contracts to provide supply chain support services to South Korea’s air force and navy, the company announced Thursday.

The company will provide the country spare materials and upgrade military hardware for its fleet of F-16s and P-3 military planes under the potential $2 million annual contracts, funded incrementally.

Earlier this month, the company announced a potential $1.8 billion agreement with the U.S. government to upgrade Taiwan’s F-16 jets (click over to GovCon Wire for more on that program).

Lockheed has provided similar services for the C-130 for nearly 13 years.

In July, incoming Lockheed Chief Operating Officer Marillyn Hewson highlighted the Asia-Pacific region as a target of expansion efforts, hoping weapon offerings and airborne ISR systems (intelligence, surveillance and reconnaissance) can increase worldwide sales.

Overall, Hewson said the company wants to increase export sales by 20 percent.