David J. Barton
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.
