State & Local News
Peru Selects Lockheed Martin F-16 Jets
March 23, 2026
Peru has finalized a $3.42 billion procurement deal to acquire 12 F-16 Block 70/72 fighter jets from Lockheed Martin, marking a significant modernization of the Peruvian Air Force's combat capabilities. Announced by President José Balcázar in March 2026 following late 2025 approval, this acquisition replaces older Russian and French aircraft with advanced U.S.-made jets featuring modern avionics and weaponry. This deal aligns Peru's air force with contemporary standards and enhances its regional defense posture.
- Why this matters: This large-scale foreign military sale represents a major opportunity for defense contractors specializing in advanced fighter aircraft and associated support services.
- The contract includes not only aircraft but also weapons systems and support, indicating ongoing requirements for maintenance, training, and logistics.
- Procurement professionals should note the strategic shift in Peru's defense sourcing toward U.S. suppliers, which may influence future regional defense procurements.
- Companies offering complementary aerospace technologies and sustainment services may find expanded business prospects linked to this modernization effort.
Peru has selected U.S.-made F-16 Block 70/72 fighter jets as its new combat aircraft.
— José Balcázar, President of Peru
Agencies
Peruvian Air Force
Vendors
Lockheed Martin
Contracts
$3.42 billion
Locations
Sources
- Peru selects F-16 Block 70/72 fighter jets, President says · Defence Industry Europe · Mar 23