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July 24, 2020

US approves Chile’s deal to modernise F-16 fleet

The US State Department has agreed on a deal worth $634.7m with the Government of Chile for modernisation upgrades to its F-16 fleet.

The US State Department has agreed on a deal worth $634.7m with the Government of Chile for modernisation upgrades to its F-16 fleet.

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The Defense Security Cooperation Agency (DSCA) delivered the required certification notifying Congress of the possible foreign military sale (FMS).

Chile’s Government sought the purchase of equipment and services, including 19 Joint Helmet-Mounted Cueing Systems (JHMCS), six inert MK-82 (500LB) general-purpose bomb bodies, two MXU-650KB Air Foil Groups (AFG), 44 LN-260 Embedded GPS/INS (EGI), and 49 Multifunctional Information Distribution System Joint Tactical Radios (MIDS JTRS).

The sale also includes avionics and Mode 5 equipment and software upgrades, integration, and test, as well as software and software support.

In addition, ARC-238 Radios, Combined Altitude Radar Altimeters (CARA), Joint Mission Planning System (JMPS) support, and Identification Friend or Foe (IFF) AN/APX-126 Combined Interrogator Transponders will be provided.

The US will also deliver cryptographic appliques, keying equipment, and encryption devices, weapon system spares and support, bomb components, High-Bandwidth Compact Telemetry Modules (HCTMs), secure communications, aircraft displays, spare parts, publications, charts, and technical documentation, integration and test equipment, and F-16 based logistics.

Once delivered, the aircraft will service the Chilean Air Force and enhance its capability to meet current and future threats.

The proposed sale supports the foreign policy and national security of the US by improving the security of a strategic partner in South America.

Lockheed Martin in Bethesda, Maryland, will be the prime contractor for the sale programme.

In September 2018, the CAF received the first batch of three MH-60M Black Hawk helicopters at the Pudahuel Air Base in Santiago, Chile.

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Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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