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.

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