Delivery Celebration Ceremony for First F-16 Block 70 in Greenville, South Carolina, to be Livestreamed

On March 2, 2023, Lockheed Martin (NYSE: LMT) announced the upcoming delivery of the first F-16 Block 70 to the Royal Bahraini Air Force, marking a significant milestone for the F-16 program.

Rhea-AI Summary

On March 2, 2023, Lockheed Martin (NYSE: LMT) announced the upcoming delivery of the first F-16 Block 70 to the Royal Bahraini Air Force, marking a significant milestone for the F-16 program. The delivery celebration is scheduled for March 10, 2023, at 11 a.m. ET. This aircraft represents the first of 16 jets for Bahrain and aims to enhance 21st Century Security capabilities. With an ongoing backlog of 127 jets to be built in Greenville, there are plans for further orders from Jordan and Bulgaria, potentially increasing the backlog to 147. The F-16 Block 70's first flight occurred on January 24, 2023, with additional tests planned before its arrival in Bahrain in 2024.

Positive

• First F-16 Block 70 delivery to Bahrain enhances military capabilities.
• Upcoming delivery contributes to a backlog of 127 jets, with potential increase to 147.

Negative

• None.

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GREENVILLE, S.C., March 2, 2023 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has announced senior Bahraini, U.S. government, military and aerospace industry officials will soon celebrate the delivery of the first Royal Bahraini Air Force F-16 Block 70.

The event, to be held 11 a.m. ET on Friday, March 10, marks a major milestone for the F-16 Block 70 program, demonstrating Lockheed Martin's commitment to advancing the program and getting this much-needed aircraft and its advanced 21^st Century Security capabilities to the warfighter.

The ceremony, to include high-level speeches and the aircraft's official reveal, will be livestreamed at the following link: Bahrain F-16 Block 70 Ceremony Event

About the F-16
This F-16 Block 70 jet is the first of 16 jets for Bahrain, and took its first flight on Jan. 24, 2023. From here, it will begin additional flight tests at Edwards Air Force Base before arriving in Bahrain in 2024.

Six countries have selected Block 70/72 aircraft. In addition to the current official backlog of 127 jets to-date to be built in Greenville, Jordan has signed a Letter of Offer and Acceptance (LOA) for 12 jets and Lockheed Martin has received a contract to begin its long-lead activities. Bulgaria has also signed an LOA for an additional eight jets for its fleet. Once these are finalized, the backlog will increase to 147. See additional information: https://www.lockheedmartin.com/en-us/products/f-16.html

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Please follow @LMNews on Twitter for the latest announcements and news across the corporation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/delivery-celebration-ceremony-for-first-f-16-block-70-in-greenville-south-carolina-to-be-livestreamed-301760970.html

SOURCE Lockheed Martin Aeronautics

FAQ

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What is the significance of Lockheed Martin's F-16 Block 70 delivery?

The F-16 Block 70 delivery to Bahrain represents a major milestone, enhancing regional security capabilities.

When is the F-16 Block 70 delivery ceremony for Bahrain?

The delivery ceremony is scheduled for March 10, 2023, at 11 a.m. ET.

What is the current backlog for Lockheed Martin's F-16 program?

The current backlog for the F-16 program stands at 127 jets, with potential orders that could increase it to 147.

When did the F-16 Block 70 jet take its first flight?

The F-16 Block 70 jet took its first flight on January 24, 2023.

How many F-16 Block 70 jets is Bahrain acquiring?

Bahrain is acquiring a total of 16 F-16 Block 70 jets.