The U.S. Defense Security Cooperation Agency notified Congress Friday of plans to sell the government of Romania a package of weapons, equipment, and support services necessary to operate a dozen F-16 Block 15 fighter jets that Romania is contemplating acquiring from Portugal.
Specifically, the equipment Romania wishes to buy includes:
- 13 Embedded Global Positioning Systems/Inertial Navigation Systems (EGPS/INS) manufactured by Northrop Grumman (NYSE:NOC).
- 3 AN/ALQ-131 Electronic Countermeasure Pods, also from Northrop.
- 30 AIM-120C Advanced Medium Range Air-to-Air Missiles (AMRAAMs) manufactured by Raytheon (NYSE:RTN).
- 60 AIM-9M Sidewinder Missiles, also from Raytheon.
- 18 AGM-65H/KB Maverick Missiles (Raytheon, again).
- Multiple Captive Air Training Missiles (CATMs) for use in training with the AMRAAMs, Sidewinders, and Mavericks.
- 10 GBU-12 Enhanced Guided Bomb Units.
- An assortment of other related equipment, spare parts, support equipment, and necessary services.
Together, the value of this weapons package is estimated at $457 million. In addition to the contractors named above already, DSCA notes that F-16 manufacturer Lockheed Martin (NYSE:LMT), United Technologies' (NYSE:UTX) Pratt & Whitney subsidiary, Israel's Elbit Systems, and also BAE Systems, ViaSat, DataLink Solutions, Snap-On (NYSE:SNA), and Booz Allen Hamilton will all be primary contractors on this defense contract.
DSCA notes that this sale "will support the Romanian Air Force's (RoAF) efforts to equip and utilize the 12 F-16 aircraft it is procuring from Portugal. These aircraft will provide the RoAF with a fleet of modernized multi-role combat aircraft."
DSCA further assures Congress that sale of this equipment and support "will not alter the basic military balance in the region." Nor will it have any "adverse impact on U.S. defense readiness."
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin, Northrop Grumman, and Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.