Greece clears $250 mln for Lockheed Martin F-16s offset deal

Published: Sat Jul 15th, 2006
Source: www.hemscott.com



ATHENS (AFX) - The Greek defence ministry said it has approved an offset package worth 250 mln usd for a purchase of 30 F-16 fighter aircraft from Lockheed Martin.

The deal includes manufacturing projects for Greece's state and private defence industry, the ministry said in a statement.

According to US defence contractors Lockheed Martin, the total value of Greece's December order for the 30 F-16 Block 52+ planes -- which rank among the company's most advanced -- is approximately 1.99 bln usd.

The aircraft are expected to be delivered in 2009.
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