US approves F-16 equipment sale to Pakistan.
WASHINGTON -- The US State Department has approved the potential sale of F-16 aircraft sustainment and related equipment to Pakistan in a deal valued at up to $450 million, the Pentagon said on Wednesday.
The principal contractor will be Lockheed Martin Corp (LMT.N), the Pentagon said.
"The State Department has made a determination approving a possible foreign military sale to the government of Pakistan of F-16 Case for Sustainment and related equipment for an estimated cost of $450 million," the agency said in its statement issued on Wednesday.
According to the agency, Pakistan has requested the US to consolidate prior F-16 sustainment and support cases to support the country's F-16 fleet.
However, under the proposed deal, the US will not provide any new capabilities, weapons, or munitions.
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