Lockheed Martin Wins $3 Billion Fighter Jet Order From Denmark

Denmark’s parliament agreed to enter a deal with Lockheed Martin to spend 20 billion kroner ($3 billion) on replacing its aging fleet of fighter planes.

Lawmakers agreed to buy 27 F-35 Joint Striker Fighter jets, with total costs for the lifespan of the deal, assuming some planes last as long as 30 years, set at 55 billion kroner, said Henrik Dam Christensen, defense speaker for the opposition Social Democrats. The order will replace old Lockheed Martin F-16s, which Denmark has used since the early 1980s.

Denmark is revamping its fleet at a time when the “world security map has changed,” Prime Minister Lars Loekke Rasmussen said last month, when his minority government proposed going with Lockheed Martin. Boeing Co. had also pitched for the contract.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE