Lockheed Martin Proposes $1.8 Billion Industrial Package for Peru F-16 Program

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On 26 August 2026, Lockheed Martin announced a US$1.8 billion industrial and social collaboration package for Peru tied to the procurement of twelve F-16 Block 70 jets. The proposal, unveiled by Vice President Tara Lause, included provisions for domestic drone assembly, maintenance training, and the establishment of a space academy. This announcement occurred while the underlying jet purchase, valued at US$1.54 billion and initially agreed upon in April 2026, remained politically frozen. President Keiko Fujimori, who took office in late July, must now decide whether to confirm, renegotiate, or cancel the order for the jets, which were intended to replace Peru's grounded MiG-29 fleet.

Consequences

The industrial package's implementation remains contingent on the resolution of the currently frozen F-16 procurement, as the offer is attached to the jet program. Because the first aircraft deliveries were scheduled for 2029 to 2030, any planned industrial activities would experience a slow ramp-up period should the government choose to proceed.

Sources

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