(Farnborough, England, July 20, 2010) -- The versions of the F-16 being delivered to customers now are the most advanced 4th Generation multi-role fighter aircraft currently available on the international market and are building on the F-16's reputation for effectiveness and value, the Lockheed Martin [NYSE: LMT] director of business development for the program said today.

"The F-16 continues as a modern, highly capable, affordable and supportable fighter. The program is healthy and active, with firm production through 2013 and a strong likelihood of new orders that will extend the line for several more years," said Bill McHenry, director of business development for F-16 programs, in remarks to reporters at the Farnborough International Airshow. McHenry also added that there is a firm backlog of 86 F-16 aircraft, including a recent order from Egypt for 20 new, Advanced Block 50/52 aircraft, the sixth follow-on buy for this country.

More than 4,450 F-16s have been delivered worldwide since the program's inception more than 30 years ago - including 53 follow-on buys by 14 countries.

In addition to the F-16 production programs, Lockheed Martin continues to develop the F-16 for the future by integrating advanced technologies through upgrade programs for existing F-16s to ensure interoperability with the world's only 5th Generation fighters, the F-22 Raptor and F-35 Lightning II.

"This integration of advanced technologies for fielded and new aircraft provides an opportunity for F-16 operators to benefit from the latest developments in technology and capabilities for fighter aircraft," McHenry said. "This synergy will parallel technology and provide a natural bridge from the 4th Generation of fighters to the 5th Generation."

Aircraft now being produced for Turkey, Pakistan, Morocco and Egypt are the Advanced Block 50/52 F-16C/D configuration. The United Arab Emirates was the launch customer for the Block 60 F-16 E/F version, and is the platform basis for the proposed variant called the F-16IN Super Viper for the Indian Air Force's Medium Multi-role Combat Aircraft competition.

McHenry said the F-16 offers the latest technologies and capabilities available today - including AESA radar, day-night, all-weather, standoff, autonomous, air intercept and precision strike. These aircraft have the latest in avionics, sensors and weapons, plus user-friendly cockpits and systems integration that provide pilots with high situational awareness.

With acknowledgements to Lockheed Martin Corporation (NYSE: LMT) and ASD News.

• R6,3 billion in acquisition costs in 2010 Rands;

• R4,0 billion in unlawful commissions in 2010 Rands;

• R30 billion in operating costs in 2010 Rands;

• R20 billion in support costs in 2010 Rands;