Lockheed Martin Gets $213M F-16 Contract

U.S. government has given Lockheed Martin an initial $213 million for preliminary work to make 20 new F-16 fighters for Egypt.

FORT WORTH, Texas (AP) -- Lockheed Martin said on Wednesday that the U.S. government has given it an initial $213 million for preliminary work to make 20 new F-16 fighters for Egypt.

The order includes 16 F-16Cs and 4 F-16Ds, which will add to the Egyptian Air Force's existing fleet of F-16s. The deliveries are set to run through 2013.

Lockheed Martin shares rose 35 cents to $79.56 in morning trading.

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