Lockheed Martin may finalise F-16 fighter jets sales contracts to Iraq and Oman by early 2012.
The contract, if finalised, will include the sale of 18 fighter jets and a total of about 100 additional orders by the end of the decade.
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The fighter sales were notified by the Pentagon’s Defense Security Cooperation Agency last year, but have been delayed.
Iraq is delaying the purchase to use the $900m of allocated funds in its national food ration programme.
The F-16 aircraft is a high-tech fighter jet, equipped with an advanced avionics suite and latest weapons with night precision attack capability.
The company has delivered 4,475 F-16s and has a backlog of 65 orders, according to Reuters.
