FOR IMMEDIATE RELEASE
July 17, 2003
Lockheed Martin, U.S., Italian Officials Celebrate F-16 Peace
Caesar Delivery
Fort Worth, Texas Lockheed Martin [NYSE: LMT] officials, along
with officers from the United States and Italian Air Forces,
celebrated the delivery today of the first of 34 F-16 fighter jets
to be provided to Italy under a program known as Peace Caesar. The
ceremony took place at Trapani Air Base, Italy.
We are proud to stand side-by-side today with our Italian partners
to accept delivery of this remarkable jet aircraft, said John
Bean, vice president of Lockheed Martins F-16 program. The Peace
Caesar program not only increases Italys national defense
capabilities, it enhances the relationship between Lockheed Martin
and the Italian government. It is a growing friendship strengthened
by international cooperation and partnerships that date back to the
1960s.
The Italian Air Force chose the leased F-16 option as the most
cost-effective solution to replace its aging fleet of Tornado and
F-104 fighters. The lease is for five years with a five-year
follow-on option. Four non-flyable F-16 aircraft are being supplied
for generation of spare parts.
Approximately 100 Italian Air Force maintenance officers,
instructors and technicians received F-16 maintenance training at
Lockheed Martin facilities in Fort Worth, Texas. Italian
instructors in Italy will train additional Italian maintenance
technicians.
The Air Force and Lockheed Martin also are providing other types of
logistics support as part of the Peace Caesar Foreign Military
Sales program, to include supply chain management and full
engineering technical services.
The F-16 is the choice of 24 countries. More than 4,000 aircraft
have been delivered, hundreds more are on order, and production is
expected to continue beyond 2010. Major upgrades for all F-16
versions are being incorporated to keep the fleet modern and fully
supportable over the aircrafts long service life.
Lockheed Martin Aeronautics Co., a business area of Lockheed
Martin, is a leader in the design, development, systems
integration, production and support of advanced military aircraft
and related technologies. Its customers include the military
services of the United States and allied countries throughout the
world. Products include the F-16, F/A-22, F-35 JSF, F-117, T-50,
C-5, C-130, C-130J, P-3, S-3 and U-2.
Headquartered in Bethesda, Md., Lockheed Martin Corp. employs about
125,000 people worldwide and is principally engaged in the
research, design, development, manufacture and integration of
advanced technology systems, products and services. The corporation
reported 2002 sales of $26.6 billion.