BAE Butts Into Lockheed’s $3 Billion F-16 Servicing Work

BAE Systems Plc is encroaching on a $3 billion market for F-16 upgrades dominated by Lockheed Martin Corp., which makes the fighter jets. BAE last year beat the Pentagon’s biggest contractor for a deal to refurbish about 130 of South Korea’s jets. It was the first time a company other than Lockheed has won such work through the U.S. Foreign Military Sales program, according to Dave Herr, president of BAE’s support solutions business.

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