Lockheed Martin says Peru will buy 12 F-16 jets amid political dispute over deal (LMT:NYSE)

Lockheed Martin announced that Peru plans to purchase 12 F-16 Block 70 fighter jets to modernize its air force, despite political disputes surrounding the deal. The acquisition would benefit Lockheed Martin by securing a new strategic customer and expanding its presence in Latin America, while Peru aims to replace its aging fleet and enhance national airspace control. However, political uncertainty and a transitional government in Peru could pose challenges to the deal’s funding and approval process.

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