Hellenic Aerospace Industry might lose work on producing F-16, C-130 parts

Lockheed Martin is said to be considering having a new supplier to take over from Hellenic Aerospace Industry to produce parts for the C-130 and F-16.

The aerospace company is said to be behind schedule in producing the parts due to a shortage of specialized staff and management issues. Employees have gone on strikes due to reduced benefits and the company does not have an managing director.

The upgrade of 84 F-16s from the Greek air force to the V-model could be affected as well.

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