Lockheed Martin to pump own money into F-16 line to keep it alive

Lockheed Martin has made a decision to use company funds to keep the F-16 production line alive while waiting for new orders from Pakistan and other countries.

USAF F-16C Profile
By SMSGT JOHN P. ROHRER, USAF (By http://www.defenselink.mil/multimedia) [Public domain], via Wikimedia Commons

Executive Vice President of Lockheed Martin Aeronautics, Orlando Carvalho, said the cost of keeping the F-16 supply chain ready for further orders was “very manageable.”

Without fresh orders, the line will have to close next year after delivering the last of 36 F-16s ordered by Iraq.