Lockheed Martin Scores $62 Billion F-16 Sale

Lockheed Martin's (NYSE: LMT) F-35 stealth fighter gets all the headlines, but around the world, Lockheed's F-16 Falcon remains the world's most popular fighter jet. Thanks to a new arms deal struck with Taiwan, the F-16 could reign supreme for decades to come.

As confirmed by an update on the Pentagon's daily digest of contract awards, last week, the Air Force awarded Lockheed Martin a $62 billion contract to produce an unspecified number of F-16 fighter jets for purchase by foreign allies. But who will be buying these airplanes, and is this deal as profitable for Lockheed Martin as it sounds?

Source Fool.com