Lockheed Martin's Derco Signs Maintenance Agreement for Romania's F-16s

Under the deal, Aerostar S.A. will repair Romanian Air Force fighters’ landing gear, wheels, and brakes.

Monday, November 20, 2023 at 02:32 PM ET

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Aerostar president and CEO Grigore Filip and Derco president (left) and general manager Todd Morar sign an agreement to repair landing gear, wheels, and brakes for Romania’s F-16 fleet. [Courtesy: Lockheed Martin]

Key Takeaways:

Lockheed Martin subsidiary Derco has signed a maintenance agreement with Aerostar S.A. to support the Romanian Air Force's F-16 fleet.
Under the deal, Aerostar S.A. will repair F-16 landing gear, wheels, and brakes, with Derco providing specialized tooling, equipment, training, and technical documentation.
This partnership aims to reduce maintenance lead times and improve logistics for F-16 mission readiness in Romania.
The agreement follows the recent opening of the European F-16 Training Center in Romania, which will train pilots from Romania and Ukraine.

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Lockheed Martin (NYSE: LMT) subsidiary Derco has entered into a maintenance agreement with Aerostar S.A. for the support of the Romanian Air Force’s F-16 fleet.

Under the deal announced Friday, the Romania-based aerospace and defense company is expected to repair F-16 landing gear, wheels, and brakes. Derco will provide Aerostar S.A. specialized tooling, equipment, training, and technical documentation to enable the repairs. The partnership, according to Lockheed Martin, will reduce maintenance lead times and improve logistics for mission readiness on the ground in Romania