Lockheed Martin wins $1.2 billion U.S. defense contract: Pentagon

A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford

WASHINGTON (Reuters) – Lockheed Martin Corp <LMT.N> subsidiary Lockheed Martin Aeronautics Co has been awarded a $1.2 billion contract to upgrade F-16 aircraft for South Korea, the Pentagon said on Friday.

Work will be performed at Fort Worth, Texas, and is expected to be complete by Nov. 15, 2025, the Pentagon said in a statement.

(Reporting by Eric Walsh; Editing by Eric Beech)