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In Brief / AEROSPACE

Lockheed jets going to Pakistan

January 01, 2008|From Times Wire Services

Lockheed Martin Corp., the world's largest defense company, won an order valued at $498.2 million to supply F-16 fighter jets to Pakistan.

Lockheed will supply 18 F-16s to Pakistan as part of a foreign military sales program coordinated by the U.S. Air Force, the Pentagon said.

The order is part of $5 billion in weapon sales to Pakistan that Congress approved last year. Lockheed's shares fell $1.52, or 1.4%, to $105.26.

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